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2024 data HMDA 2024 disclosure official source

Gadsden County

1,516 mortgage applications, 28.5% denial rate. Verify FIPS 12039 with U.S. Census Bureau →

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Florida · FIPS 12039

Local mortgage market. Gadsden County, Florida saw 1,516 HMDA-reported mortgage applications in 2024. Lenders originated 503 of those loans and denied 432, producing a denial rate of 28.5% and an approval (origination) rate of 33.2%. The average loan amount was $176,761 at an average note rate of 7.07%, with applicants self-reporting average annual income of $40K. 129 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.4x, meaning typical borrowers took on mortgages of about 4.4 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 12039 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,516
Applications
503
Originated
28.5%
Denial Rate
33.2%
Approval Rate
$176,761
Avg Loan Amount
7.07%
Avg Interest Rate
$40K
Avg Applicant Income
4.4x
Loan-to-Income Ratio

Nearby Lenders in Gadsden 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 Rocket Mortgage 46 9.1%
2 Loandepot.Com, LLC 36 7.2%
3 University Bank 25 5.0%
4 First Commerce Credit Union 23 4.6%
5 21st Mortgage 21 4.2%
Compare Rocket Mortgage vs Loandepot.Com, LLC →

Frequently Asked Questions

How many mortgage applications were filed in Gadsden County?
In the 2024 HMDA reporting year, 1,516 mortgage applications were filed in Gadsden County, Florida. Of these, 503 were originated (approved and funded), while 432 were denied, resulting in a denial rate of 28.5%.
What is the mortgage denial rate in Gadsden County?
The mortgage denial rate in Gadsden County is 28.5%. The approval (origination) rate is 33.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Gadsden County?
The average mortgage loan amount in Gadsden County is $176,761. The average interest rate is 7.073%. The average applicant income is $40K.
What is the loan-to-income ratio in Gadsden County?
The average loan-to-income ratio in Gadsden County is 4.4x, meaning borrowers took on loans averaging 4.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Gadsden County?
The top mortgage lenders in Gadsden County by origination volume are Rocket Mortgage, Loandepot.Com, LLC, University Bank. In total, 129 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.