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2024 data HMDA 2024 disclosure official source

Palm Beach County

60,302 mortgage applications, 22.6% denial rate. Verify FIPS 12099 with U.S. Census Bureau →

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Florida · FIPS 12099

Local mortgage market. Palm Beach County, Florida saw 60,302 HMDA-reported mortgage applications in 2024. Lenders originated 26,347 of those loans and denied 13,608, producing a denial rate of 22.6% and an approval (origination) rate of 43.7%. The average loan amount was $412,067 at an average note rate of 7.30%, with applicants self-reporting average annual income of $40K. 729 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 10.3x, meaning typical borrowers took on mortgages of about 10.3 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 12099 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

60,302
Applications
26,347
Originated
22.6%
Denial Rate
43.7%
Approval Rate
$412,067
Avg Loan Amount
7.30%
Avg Interest Rate
$40K
Avg Applicant Income
10.3x
Loan-to-Income Ratio

Nearby Lenders in Palm Beach 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 3,051 11.6%
2 Rocket Mortgage 1,733 6.6%
3 Crosscountry Mortgage, LLC 1,448 5.5%
4 Bank of America NA 820 3.1%
5 Third Federal Savings and Loan 646 2.5%
Compare United Wholesale Mortgage vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Palm Beach County?
In the 2024 HMDA reporting year, 60,302 mortgage applications were filed in Palm Beach County, Florida. Of these, 26,347 were originated (approved and funded), while 13,608 were denied, resulting in a denial rate of 22.6%.
What is the mortgage denial rate in Palm Beach County?
The mortgage denial rate in Palm Beach County is 22.6%. The approval (origination) rate is 43.7%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Palm Beach County?
The average mortgage loan amount in Palm Beach County is $412,067. The average interest rate is 7.302%. The average applicant income is $40K.
What is the loan-to-income ratio in Palm Beach County?
The average loan-to-income ratio in Palm Beach County is 10.3x, meaning borrowers took on loans averaging 10.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Palm Beach County?
The top mortgage lenders in Palm Beach County by origination volume are United Wholesale Mortgage, Rocket Mortgage, Crosscountry Mortgage, LLC. In total, 729 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.