PlainLender
2024 data HMDA 2024 disclosure official source

Echols County

55 mortgage applications, 34.5% denial rate. Verify FIPS 13101 with U.S. Census Bureau →

PlainLender home → About this data

Georgia · FIPS 13101

Local mortgage market. Echols County, Georgia saw 55 HMDA-reported mortgage applications in 2024. Lenders originated 25 of those loans and denied 19, producing a denial rate of 34.5% and an approval (origination) rate of 45.5%. The average loan amount was $115,909 at an average note rate of 7.56%, with applicants self-reporting average annual income of $35K. 15 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.3x, meaning typical borrowers took on mortgages of about 3.3 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 13101 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

55
Applications
25
Originated
34.5%
Denial Rate
45.5%
Approval Rate
$115,909
Avg Loan Amount
7.56%
Avg Interest Rate
$35K
Avg Applicant Income
3.3x
Loan-to-Income Ratio

Nearby Lenders in Echols 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 Farmers and Merchants Bank 5 20.0%
2 First Federal S&L Association 4 16.0%
3 21st Mortgage 2 8.0%
4 Rocket Mortgage 2 8.0%
5 Fairway Independent Mort CORP 2 8.0%
Compare Farmers and Merchants Bank vs First Federal S&L Association →

Frequently Asked Questions

How many mortgage applications were filed in Echols County?
In the 2024 HMDA reporting year, 55 mortgage applications were filed in Echols County, Georgia. Of these, 25 were originated (approved and funded), while 19 were denied, resulting in a denial rate of 34.5%.
What is the mortgage denial rate in Echols County?
The mortgage denial rate in Echols County is 34.5%. The approval (origination) rate is 45.5%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Echols County?
The average mortgage loan amount in Echols County is $115,909. The average interest rate is 7.559%. The average applicant income is $35K.
What is the loan-to-income ratio in Echols County?
The average loan-to-income ratio in Echols County is 3.3x, meaning borrowers took on loans averaging 3.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Echols County?
The top mortgage lenders in Echols County by origination volume are Farmers and Merchants Bank, First Federal S&L Association, 21st Mortgage. In total, 15 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.