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2024 data HMDA 2024 disclosure official source

Monroe County

3,120 mortgage applications, 21.3% denial rate. Verify FIPS 12087 with U.S. Census Bureau →

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Florida · FIPS 12087

Local mortgage market. Monroe County, Florida saw 3,120 HMDA-reported mortgage applications in 2024. Lenders originated 1,482 of those loans and denied 664, producing a denial rate of 21.3% and an approval (origination) rate of 47.5%. The average loan amount was $661,413 at an average note rate of 7.37%, with applicants self-reporting average annual income of $40K. 252 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 16.5x, meaning typical borrowers took on mortgages of about 16.5 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 12087 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

3,120
Applications
1,482
Originated
21.3%
Denial Rate
47.5%
Approval Rate
$661,413
Avg Loan Amount
7.37%
Avg Interest Rate
$40K
Avg Applicant Income
16.5x
Loan-to-Income Ratio

Nearby Lenders in Monroe 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 United Wholesale Mortgage 205 13.8%
2 First Horizon Bank 135 9.1%
3 Rocket Mortgage 79 5.3%
4 Crosscountry Mortgage, LLC 43 2.9%
5 Centennial Bank 38 2.6%
Compare United Wholesale Mortgage vs First Horizon Bank →

Frequently Asked Questions

How many mortgage applications were filed in Monroe County?
In the 2024 HMDA reporting year, 3,120 mortgage applications were filed in Monroe County, Florida. Of these, 1,482 were originated (approved and funded), while 664 were denied, resulting in a denial rate of 21.3%.
What is the mortgage denial rate in Monroe County?
The mortgage denial rate in Monroe County is 21.3%. The approval (origination) rate is 47.5%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Monroe County?
The average mortgage loan amount in Monroe County is $661,413. The average interest rate is 7.374%. The average applicant income is $40K.
What is the loan-to-income ratio in Monroe County?
The average loan-to-income ratio in Monroe County is 16.5x, meaning borrowers took on loans averaging 16.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Monroe County?
The top mortgage lenders in Monroe County by origination volume are United Wholesale Mortgage, First Horizon Bank, Rocket Mortgage. In total, 252 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.