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2024 data HMDA 2024 disclosure official source

Lake County

24,323 mortgage applications, 15.6% denial rate. Verify FIPS 17097 with U.S. Census Bureau →

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Illinois · FIPS 17097

Local mortgage market. Lake County, Illinois saw 24,323 HMDA-reported mortgage applications in 2024. Lenders originated 12,606 of those loans and denied 3,790, producing a denial rate of 15.6% and an approval (origination) rate of 51.8%. The average loan amount was $321,104 at an average note rate of 7.27%, with applicants self-reporting average annual income of $38K. 423 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 8.5x, meaning typical borrowers took on mortgages of about 8.5 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 17097 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

24,323
Applications
12,606
Originated
15.6%
Denial Rate
51.8%
Approval Rate
$321,104
Avg Loan Amount
7.27%
Avg Interest Rate
$38K
Avg Applicant Income
8.5x
Loan-to-Income Ratio

Nearby Lenders in Lake 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 656 5.2%
2 Rocket Mortgage 582 4.6%
3 Guaranteed Rate, INC. 532 4.2%
4 Consumers Credit Union 486 3.9%
5 JPMorgan Chase Bank, NA 481 3.8%
Compare United Wholesale Mortgage vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Lake County?
In the 2024 HMDA reporting year, 24,323 mortgage applications were filed in Lake County, Illinois. Of these, 12,606 were originated (approved and funded), while 3,790 were denied, resulting in a denial rate of 15.6%.
What is the mortgage denial rate in Lake County?
The mortgage denial rate in Lake County is 15.6%. The approval (origination) rate is 51.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Lake County?
The average mortgage loan amount in Lake County is $321,104. The average interest rate is 7.269%. The average applicant income is $38K.
What is the loan-to-income ratio in Lake County?
The average loan-to-income ratio in Lake County is 8.5x, meaning borrowers took on loans averaging 8.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Lake County?
The top mortgage lenders in Lake County by origination volume are United Wholesale Mortgage, Rocket Mortgage, Guaranteed Rate, INC.. In total, 423 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.