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2024 data HMDA 2024 disclosure official source

Banks County

813 mortgage applications, 17.2% denial rate. Verify FIPS 13011 with U.S. Census Bureau →

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Georgia · FIPS 13011

Local mortgage market. Banks County, Georgia saw 813 HMDA-reported mortgage applications in 2024. Lenders originated 418 of those loans and denied 140, producing a denial rate of 17.2% and an approval (origination) rate of 51.4%. The average loan amount was $655,049 at an average note rate of 7.26%, with applicants self-reporting average annual income of $38K. 114 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 17.2x, meaning typical borrowers took on mortgages of about 17.2 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 13011 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

813
Applications
418
Originated
17.2%
Denial Rate
51.4%
Approval Rate
$655,049
Avg Loan Amount
7.26%
Avg Interest Rate
$38K
Avg Applicant Income
17.2x
Loan-to-Income Ratio

Nearby Lenders in Banks 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 Community Bank 37 8.9%
2 Rocket Mortgage 33 7.9%
3 United Wholesale Mortgage 32 7.7%
4 Capital City Home Loans, LLC 29 6.9%
5 Fairway Independent Mort CORP 19 4.5%
Compare United Community Bank vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Banks County?
In the 2024 HMDA reporting year, 813 mortgage applications were filed in Banks County, Georgia. Of these, 418 were originated (approved and funded), while 140 were denied, resulting in a denial rate of 17.2%.
What is the mortgage denial rate in Banks County?
The mortgage denial rate in Banks County is 17.2%. The approval (origination) rate is 51.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Banks County?
The average mortgage loan amount in Banks County is $655,049. The average interest rate is 7.264%. The average applicant income is $38K.
What is the loan-to-income ratio in Banks County?
The average loan-to-income ratio in Banks County is 17.2x, meaning borrowers took on loans averaging 17.2 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Banks County?
The top mortgage lenders in Banks County by origination volume are United Community Bank, Rocket Mortgage, United Wholesale Mortgage. In total, 114 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.