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2024 data HMDA 2024 disclosure official source

Tallapoosa County

1,595 mortgage applications, 20.9% denial rate. Verify FIPS 01123 with U.S. Census Bureau →

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Alabama · FIPS 01123

Local mortgage market. Tallapoosa County, Alabama saw 1,595 HMDA-reported mortgage applications in 2024. Lenders originated 826 of those loans and denied 333, producing a denial rate of 20.9% and an approval (origination) rate of 51.8%. The average loan amount was $252,066 at an average note rate of 7.23%, 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 7.0x, meaning typical borrowers took on mortgages of about 7.0 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 01123 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,595
Applications
826
Originated
20.9%
Denial Rate
51.8%
Approval Rate
$252,066
Avg Loan Amount
7.23%
Avg Interest Rate
$36K
Avg Applicant Income
7.0x
Loan-to-Income Ratio

Nearby Lenders in Tallapoosa 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 United Wholesale Mortgage 117 14.2%
2 River Bank & Trust 65 7.9%
3 Rocket Mortgage 49 5.9%
4 21st Mortgage 25 3.0%
5 Regions Bank 22 2.7%
Compare United Wholesale Mortgage vs River Bank & Trust →

Frequently Asked Questions

How many mortgage applications were filed in Tallapoosa County?
In the 2024 HMDA reporting year, 1,595 mortgage applications were filed in Tallapoosa County, Alabama. Of these, 826 were originated (approved and funded), while 333 were denied, resulting in a denial rate of 20.9%.
What is the mortgage denial rate in Tallapoosa County?
The mortgage denial rate in Tallapoosa County is 20.9%. The approval (origination) rate is 51.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Tallapoosa County?
The average mortgage loan amount in Tallapoosa County is $252,066. The average interest rate is 7.232%. The average applicant income is $36K.
What is the loan-to-income ratio in Tallapoosa County?
The average loan-to-income ratio in Tallapoosa County is 7.0x, meaning borrowers took on loans averaging 7.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Tallapoosa County?
The top mortgage lenders in Tallapoosa County by origination volume are United Wholesale Mortgage, River Bank & Trust, Rocket Mortgage. 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.