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2024 data HMDA 2024 disclosure official source

Mercer County

454 mortgage applications, 12.8% denial rate. Verify FIPS 17131 with U.S. Census Bureau →

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Illinois · FIPS 17131

Local mortgage market. Mercer County, Illinois saw 454 HMDA-reported mortgage applications in 2024. Lenders originated 278 of those loans and denied 58, producing a denial rate of 12.8% and an approval (origination) rate of 61.2%. The average loan amount was $116,916 at an average note rate of 6.93%, with applicants self-reporting average annual income of $35K. 65 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 17131 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

454
Applications
278
Originated
12.8%
Denial Rate
61.2%
Approval Rate
$116,916
Avg Loan Amount
6.93%
Avg Interest Rate
$35K
Avg Applicant Income
3.3x
Loan-to-Income Ratio

Nearby Lenders in Mercer 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 CBI Bank & Trust 32 11.5%
2 Blackhawk Bank & Trust 25 9.0%
3 Empeople Credit Union 22 7.9%
4 I H Mississippi Valley Credit Union 16 5.8%
5 Midwest Bank 14 5.0%
Compare CBI Bank & Trust vs Blackhawk Bank & Trust →

Frequently Asked Questions

How many mortgage applications were filed in Mercer County?
In the 2024 HMDA reporting year, 454 mortgage applications were filed in Mercer County, Illinois. Of these, 278 were originated (approved and funded), while 58 were denied, resulting in a denial rate of 12.8%.
What is the mortgage denial rate in Mercer County?
The mortgage denial rate in Mercer County is 12.8%. The approval (origination) rate is 61.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Mercer County?
The average mortgage loan amount in Mercer County is $116,916. The average interest rate is 6.928%. The average applicant income is $35K.
What is the loan-to-income ratio in Mercer County?
The average loan-to-income ratio in Mercer 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 Mercer County?
The top mortgage lenders in Mercer County by origination volume are CBI Bank & Trust, Blackhawk Bank & Trust, Empeople Credit Union. In total, 65 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.