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2024 data HMDA 2024 disclosure official source

Fayette County

539 mortgage applications, 26.4% denial rate. Verify FIPS 01057 with U.S. Census Bureau →

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Alabama · FIPS 01057

Local mortgage market. Fayette County, Alabama saw 539 HMDA-reported mortgage applications in 2024. Lenders originated 214 of those loans and denied 142, producing a denial rate of 26.4% and an approval (origination) rate of 39.7%. The average loan amount was $141,920 at an average note rate of 7.46%, with applicants self-reporting average annual income of $36K. 66 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.9x, meaning typical borrowers took on mortgages of about 3.9 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 01057 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

539
Applications
214
Originated
26.4%
Denial Rate
39.7%
Approval Rate
$141,920
Avg Loan Amount
7.46%
Avg Interest Rate
$36K
Avg Applicant Income
3.9x
Loan-to-Income Ratio

Nearby Lenders in Fayette County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 BankFirst Financial Services 21 9.8%
2 Regions Bank 20 9.3%
3 First Federal Bank 18 8.4%
4 Vanderbilt Mortgage and Finance, INC 14 6.5%
5 Movement Mortgage, LLC 10 4.7%
Compare BankFirst Financial Services vs Regions Bank →

Frequently Asked Questions

How many mortgage applications were filed in Fayette County?
In the 2024 HMDA reporting year, 539 mortgage applications were filed in Fayette County, Alabama. Of these, 214 were originated (approved and funded), while 142 were denied, resulting in a denial rate of 26.4%.
What is the mortgage denial rate in Fayette County?
The mortgage denial rate in Fayette County is 26.4%. The approval (origination) rate is 39.7%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Fayette County?
The average mortgage loan amount in Fayette County is $141,920. The average interest rate is 7.462%. The average applicant income is $36K.
What is the loan-to-income ratio in Fayette County?
The average loan-to-income ratio in Fayette County is 3.9x, meaning borrowers took on loans averaging 3.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Fayette County?
The top mortgage lenders in Fayette County by origination volume are BankFirst Financial Services, Regions Bank, First Federal Bank. In total, 66 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.