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2024 data HMDA 2024 disclosure official source

Independence County

1,254 mortgage applications, 16.4% denial rate. Verify FIPS 05063 with U.S. Census Bureau →

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Arkansas · FIPS 05063

Local mortgage market. Independence County, Arkansas saw 1,254 HMDA-reported mortgage applications in 2024. Lenders originated 620 of those loans and denied 206, producing a denial rate of 16.4% and an approval (origination) rate of 49.4%. The average loan amount was $171,579 at an average note rate of 7.61%, with applicants self-reporting average annual income of $35K. 88 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.9x, meaning typical borrowers took on mortgages of about 4.9 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 05063 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,254
Applications
620
Originated
16.4%
Denial Rate
49.4%
Approval Rate
$171,579
Avg Loan Amount
7.61%
Avg Interest Rate
$35K
Avg Applicant Income
4.9x
Loan-to-Income Ratio

Nearby Lenders in Independence 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 First Community Bank 226 36.5%
2 The Citizens Bank 49 7.9%
3 Rocket Mortgage 46 7.4%
4 First Community Mortgage 27 4.4%
5 Flat Branch Mortgage, INC. 21 3.4%
Compare First Community Bank vs The Citizens Bank →

Frequently Asked Questions

How many mortgage applications were filed in Independence County?
In the 2024 HMDA reporting year, 1,254 mortgage applications were filed in Independence County, Arkansas. Of these, 620 were originated (approved and funded), while 206 were denied, resulting in a denial rate of 16.4%.
What is the mortgage denial rate in Independence County?
The mortgage denial rate in Independence County is 16.4%. The approval (origination) rate is 49.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Independence County?
The average mortgage loan amount in Independence County is $171,579. The average interest rate is 7.609%. The average applicant income is $35K.
What is the loan-to-income ratio in Independence County?
The average loan-to-income ratio in Independence County is 4.9x, meaning borrowers took on loans averaging 4.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Independence County?
The top mortgage lenders in Independence County by origination volume are First Community Bank, The Citizens Bank, Rocket Mortgage. In total, 88 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.