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2024 data HMDA 2024 disclosure official source

DeSoto County

1,101 mortgage applications, 24.6% denial rate. Verify FIPS 12027 with U.S. Census Bureau →

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Florida · FIPS 12027

Local mortgage market. DeSoto County, Florida saw 1,101 HMDA-reported mortgage applications in 2024. Lenders originated 439 of those loans and denied 271, producing a denial rate of 24.6% and an approval (origination) rate of 39.9%. The average loan amount was $194,519 at an average note rate of 6.87%, with applicants self-reporting average annual income of $40K. 117 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 12027 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,101
Applications
439
Originated
24.6%
Denial Rate
39.9%
Approval Rate
$194,519
Avg Loan Amount
6.87%
Avg Interest Rate
$40K
Avg Applicant Income
4.9x
Loan-to-Income Ratio

Nearby Lenders in DeSoto 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 Lower, LLC 78 17.8%
2 United Wholesale Mortgage 32 7.3%
3 Rocket Mortgage 29 6.6%
4 Midflorida Credit Union 26 5.9%
5 Suncoast Credit Union 23 5.2%
Compare Lower, LLC vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in DeSoto County?
In the 2024 HMDA reporting year, 1,101 mortgage applications were filed in DeSoto County, Florida. Of these, 439 were originated (approved and funded), while 271 were denied, resulting in a denial rate of 24.6%.
What is the mortgage denial rate in DeSoto County?
The mortgage denial rate in DeSoto County is 24.6%. The approval (origination) rate is 39.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in DeSoto County?
The average mortgage loan amount in DeSoto County is $194,519. The average interest rate is 6.870%. The average applicant income is $40K.
What is the loan-to-income ratio in DeSoto County?
The average loan-to-income ratio in DeSoto 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 DeSoto County?
The top mortgage lenders in DeSoto County by origination volume are Lower, LLC, United Wholesale Mortgage, Rocket Mortgage. In total, 117 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.