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2024 data HMDA 2024 disclosure official source

McHenry County

13,845 mortgage applications, 14.8% denial rate. Verify FIPS 17111 with U.S. Census Bureau →

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Illinois · FIPS 17111

Local mortgage market. McHenry County, Illinois saw 13,845 HMDA-reported mortgage applications in 2024. Lenders originated 7,500 of those loans and denied 2,052, producing a denial rate of 14.8% and an approval (origination) rate of 54.2%. The average loan amount was $229,990 at an average note rate of 7.31%, with applicants self-reporting average annual income of $38K. 348 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.1x, meaning typical borrowers took on mortgages of about 6.1 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 17111 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

13,845
Applications
7,500
Originated
14.8%
Denial Rate
54.2%
Approval Rate
$229,990
Avg Loan Amount
7.31%
Avg Interest Rate
$38K
Avg Applicant Income
6.1x
Loan-to-Income Ratio

Nearby Lenders in McHenry 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 Rocket Mortgage 382 5.1%
2 United Wholesale Mortgage 365 4.9%
3 Fairway Independent Mort CORP 289 3.9%
4 Guaranteed Rate, INC. 282 3.8%
5 BMO Harris Bank NA 276 3.7%
Compare Rocket Mortgage vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in McHenry County?
In the 2024 HMDA reporting year, 13,845 mortgage applications were filed in McHenry County, Illinois. Of these, 7,500 were originated (approved and funded), while 2,052 were denied, resulting in a denial rate of 14.8%.
What is the mortgage denial rate in McHenry County?
The mortgage denial rate in McHenry County is 14.8%. The approval (origination) rate is 54.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in McHenry County?
The average mortgage loan amount in McHenry County is $229,990. The average interest rate is 7.309%. The average applicant income is $38K.
What is the loan-to-income ratio in McHenry County?
The average loan-to-income ratio in McHenry County is 6.1x, meaning borrowers took on loans averaging 6.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in McHenry County?
The top mortgage lenders in McHenry County by origination volume are Rocket Mortgage, United Wholesale Mortgage, Fairway Independent Mort CORP. In total, 348 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.