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2024 data HMDA 2024 disclosure official source

Montgomery County

333 mortgage applications, 26.7% denial rate. Verify FIPS 05097 with U.S. Census Bureau →

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Arkansas · FIPS 05097

Local mortgage market. Montgomery County, Arkansas saw 333 HMDA-reported mortgage applications in 2024. Lenders originated 154 of those loans and denied 89, producing a denial rate of 26.7% and an approval (origination) rate of 46.2%. The average loan amount was $145,571 at an average note rate of 7.69%, with applicants self-reporting average annual income of $36K. 42 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.0x, meaning typical borrowers took on mortgages of about 4.0 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 05097 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

333
Applications
154
Originated
26.7%
Denial Rate
46.2%
Approval Rate
$145,571
Avg Loan Amount
7.69%
Avg Interest Rate
$36K
Avg Applicant Income
4.0x
Loan-to-Income Ratio

Nearby Lenders in Montgomery 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 Southern Bancorp Bank 39 25.3%
2 Rocket Mortgage 19 12.3%
3 Diamond Bank 17 11.0%
4 Arvest Bank 10 6.5%
5 Farmers Bank & Trust 6 3.9%
Compare Southern Bancorp Bank vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Montgomery County?
In the 2024 HMDA reporting year, 333 mortgage applications were filed in Montgomery County, Arkansas. Of these, 154 were originated (approved and funded), while 89 were denied, resulting in a denial rate of 26.7%.
What is the mortgage denial rate in Montgomery County?
The mortgage denial rate in Montgomery County is 26.7%. The approval (origination) rate is 46.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Montgomery County?
The average mortgage loan amount in Montgomery County is $145,571. The average interest rate is 7.694%. The average applicant income is $36K.
What is the loan-to-income ratio in Montgomery County?
The average loan-to-income ratio in Montgomery County is 4.0x, meaning borrowers took on loans averaging 4.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Montgomery County?
The top mortgage lenders in Montgomery County by origination volume are Southern Bancorp Bank, Rocket Mortgage, Diamond Bank. In total, 42 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.