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2024 data HMDA 2024 disclosure official source

Gulf County

958 mortgage applications, 18.7% denial rate. Verify FIPS 12045 with U.S. Census Bureau →

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Florida · FIPS 12045

Local mortgage market. Gulf County, Florida saw 958 HMDA-reported mortgage applications in 2024. Lenders originated 438 of those loans and denied 179, producing a denial rate of 18.7% and an approval (origination) rate of 45.7%. The average loan amount was $404,885 at an average note rate of 7.22%, with applicants self-reporting average annual income of $38K. 153 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 10.7x, meaning typical borrowers took on mortgages of about 10.7 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 12045 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

958
Applications
438
Originated
18.7%
Denial Rate
45.7%
Approval Rate
$404,885
Avg Loan Amount
7.22%
Avg Interest Rate
$38K
Avg Applicant Income
10.7x
Loan-to-Income Ratio

Nearby Lenders in Gulf 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 Centennial Bank 41 9.4%
2 DHI Mortgage Company, LTD. 31 7.1%
3 United Wholesale Mortgage 26 5.9%
4 Rocket Mortgage 25 5.7%
5 Primis Bank 23 5.3%
Compare Centennial Bank vs DHI Mortgage Company, LTD. →

Frequently Asked Questions

How many mortgage applications were filed in Gulf County?
In the 2024 HMDA reporting year, 958 mortgage applications were filed in Gulf County, Florida. Of these, 438 were originated (approved and funded), while 179 were denied, resulting in a denial rate of 18.7%.
What is the mortgage denial rate in Gulf County?
The mortgage denial rate in Gulf County is 18.7%. The approval (origination) rate is 45.7%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Gulf County?
The average mortgage loan amount in Gulf County is $404,885. The average interest rate is 7.222%. The average applicant income is $38K.
What is the loan-to-income ratio in Gulf County?
The average loan-to-income ratio in Gulf County is 10.7x, meaning borrowers took on loans averaging 10.7 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Gulf County?
The top mortgage lenders in Gulf County by origination volume are Centennial Bank, DHI Mortgage Company, LTD., United Wholesale Mortgage. In total, 153 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.