PlainLender
2024 data HMDA 2024 disclosure official source

Hot Spring County

1,445 mortgage applications, 26.4% denial rate. Verify FIPS 05059 with U.S. Census Bureau →

PlainLender home → About this data

Arkansas · FIPS 05059

Local mortgage market. Hot Spring County, Arkansas saw 1,445 HMDA-reported mortgage applications in 2024. Lenders originated 526 of those loans and denied 381, producing a denial rate of 26.4% and an approval (origination) rate of 36.4%. The average loan amount was $141,159 at an average note rate of 7.46%, with applicants self-reporting average annual income of $36K. 101 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 05059 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,445
Applications
526
Originated
26.4%
Denial Rate
36.4%
Approval Rate
$141,159
Avg Loan Amount
7.46%
Avg Interest Rate
$36K
Avg Applicant Income
3.9x
Loan-to-Income Ratio

Nearby Lenders in Hot Spring 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 Arkansas Federal Credit Union 41 7.8%
2 Rocket Mortgage 40 7.6%
3 Southern Bancorp Bank 34 6.5%
4 Vanderbilt Mortgage and Finance, INC 25 4.8%
5 Bank Ozk 20 3.8%
Compare Arkansas Federal Credit Union vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Hot Spring County?
In the 2024 HMDA reporting year, 1,445 mortgage applications were filed in Hot Spring County, Arkansas. Of these, 526 were originated (approved and funded), while 381 were denied, resulting in a denial rate of 26.4%.
What is the mortgage denial rate in Hot Spring County?
The mortgage denial rate in Hot Spring County is 26.4%. The approval (origination) rate is 36.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Hot Spring County?
The average mortgage loan amount in Hot Spring County is $141,159. The average interest rate is 7.461%. The average applicant income is $36K.
What is the loan-to-income ratio in Hot Spring County?
The average loan-to-income ratio in Hot Spring 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 Hot Spring County?
The top mortgage lenders in Hot Spring County by origination volume are Arkansas Federal Credit Union, Rocket Mortgage, Southern Bancorp Bank. In total, 101 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.