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2024 data HMDA 2024 disclosure official source

Pike County

1,039 mortgage applications, 24.7% denial rate. Verify FIPS 01109 with U.S. Census Bureau →

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Alabama · FIPS 01109

Local mortgage market. Pike County, Alabama saw 1,039 HMDA-reported mortgage applications in 2024. Lenders originated 511 of those loans and denied 257, producing a denial rate of 24.7% and an approval (origination) rate of 49.2%. The average loan amount was $160,120 at an average note rate of 7.29%, with applicants self-reporting average annual income of $37K. 93 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.3x, meaning typical borrowers took on mortgages of about 4.3 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 01109 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,039
Applications
511
Originated
24.7%
Denial Rate
49.2%
Approval Rate
$160,120
Avg Loan Amount
7.29%
Avg Interest Rate
$37K
Avg Applicant Income
4.3x
Loan-to-Income Ratio

Nearby Lenders in Pike 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 Troy Bank and Trust 70 13.7%
2 Assurance Financial Group, L.L.C. 48 9.4%
3 21st Mortgage 35 6.8%
4 Max Credit Union 33 6.5%
5 Crosscountry Mortgage, LLC 24 4.7%
Compare Troy Bank and Trust vs Assurance Financial Group, L.L.C. →

Frequently Asked Questions

How many mortgage applications were filed in Pike County?
In the 2024 HMDA reporting year, 1,039 mortgage applications were filed in Pike County, Alabama. Of these, 511 were originated (approved and funded), while 257 were denied, resulting in a denial rate of 24.7%.
What is the mortgage denial rate in Pike County?
The mortgage denial rate in Pike County is 24.7%. The approval (origination) rate is 49.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Pike County?
The average mortgage loan amount in Pike County is $160,120. The average interest rate is 7.293%. The average applicant income is $37K.
What is the loan-to-income ratio in Pike County?
The average loan-to-income ratio in Pike County is 4.3x, meaning borrowers took on loans averaging 4.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Pike County?
The top mortgage lenders in Pike County by origination volume are Troy Bank and Trust, Assurance Financial Group, L.L.C., 21st Mortgage. In total, 93 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.