PlainLender
2024 data HMDA 2024 disclosure official source

Howard County

4,070 mortgage applications, 14.6% denial rate. Verify FIPS 18067 with U.S. Census Bureau →

PlainLender home → About this data

Indiana · FIPS 18067

Local mortgage market. Howard County, Indiana saw 4,070 HMDA-reported mortgage applications in 2024. Lenders originated 2,249 of those loans and denied 593, producing a denial rate of 14.6% and an approval (origination) rate of 55.3%. The average loan amount was $144,651 at an average note rate of 7.38%, with applicants self-reporting average annual income of $36K. 196 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.0x, meaning typical borrowers took on mortgages of about 4.0 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 18067 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

4,070
Applications
2,249
Originated
14.6%
Denial Rate
55.3%
Approval Rate
$144,651
Avg Loan Amount
7.38%
Avg Interest Rate
$36K
Avg Applicant Income
4.0x
Loan-to-Income Ratio

Nearby Lenders in Howard 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 Ruoff Mortgage Company 153 6.8%
2 First Farmers Bank & Trust 139 6.2%
3 Solidarity Community Federal Credit Union 121 5.4%
4 Gvc Mortgage, INC. 114 5.1%
5 Rocket Mortgage 109 4.8%
Compare Ruoff Mortgage Company vs First Farmers Bank & Trust →

Frequently Asked Questions

How many mortgage applications were filed in Howard County?
In the 2024 HMDA reporting year, 4,070 mortgage applications were filed in Howard County, Indiana. Of these, 2,249 were originated (approved and funded), while 593 were denied, resulting in a denial rate of 14.6%.
What is the mortgage denial rate in Howard County?
The mortgage denial rate in Howard County is 14.6%. The approval (origination) rate is 55.3%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Howard County?
The average mortgage loan amount in Howard County is $144,651. The average interest rate is 7.376%. The average applicant income is $36K.
What is the loan-to-income ratio in Howard County?
The average loan-to-income ratio in Howard County is 4.0x, meaning borrowers took on loans averaging 4.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Howard County?
The top mortgage lenders in Howard County by origination volume are Ruoff Mortgage Company, First Farmers Bank & Trust, Solidarity Community Federal Credit Union. In total, 196 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.