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2024 data HMDA 2024 disclosure official source

Jackson County

1,899 mortgage applications, 20.9% denial rate. Verify FIPS 01071 with U.S. Census Bureau →

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Alabama · FIPS 01071

Local mortgage market. Jackson County, Alabama saw 1,899 HMDA-reported mortgage applications in 2024. Lenders originated 936 of those loans and denied 397, producing a denial rate of 20.9% and an approval (origination) rate of 49.3%. The average loan amount was $173,541 at an average note rate of 7.40%, with applicants self-reporting average annual income of $36K. 143 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.8x, meaning typical borrowers took on mortgages of about 4.8 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 01071 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,899
Applications
936
Originated
20.9%
Denial Rate
49.3%
Approval Rate
$173,541
Avg Loan Amount
7.40%
Avg Interest Rate
$36K
Avg Applicant Income
4.8x
Loan-to-Income Ratio

Nearby Lenders in Jackson 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 Redstone Federal Credit Union 101 10.8%
2 Rocket Mortgage 72 7.7%
3 First Jackson Bank, Inc. 62 6.6%
4 United Wholesale Mortgage 36 3.8%
5 Cadence Bank 35 3.7%
Compare Redstone Federal Credit Union vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Jackson County?
In the 2024 HMDA reporting year, 1,899 mortgage applications were filed in Jackson County, Alabama. Of these, 936 were originated (approved and funded), while 397 were denied, resulting in a denial rate of 20.9%.
What is the mortgage denial rate in Jackson County?
The mortgage denial rate in Jackson County is 20.9%. The approval (origination) rate is 49.3%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Jackson County?
The average mortgage loan amount in Jackson County is $173,541. The average interest rate is 7.404%. The average applicant income is $36K.
What is the loan-to-income ratio in Jackson County?
The average loan-to-income ratio in Jackson County is 4.8x, meaning borrowers took on loans averaging 4.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Jackson County?
The top mortgage lenders in Jackson County by origination volume are Redstone Federal Credit Union, Rocket Mortgage, First Jackson Bank, Inc.. In total, 143 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.