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2024 data HMDA 2024 disclosure official source

Miami County

1,219 mortgage applications, 17.1% denial rate. Verify FIPS 18103 with U.S. Census Bureau →

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Indiana · FIPS 18103

Local mortgage market. Miami County, Indiana saw 1,219 HMDA-reported mortgage applications in 2024. Lenders originated 669 of those loans and denied 209, producing a denial rate of 17.1% and an approval (origination) rate of 54.9%. The average loan amount was $115,304 at an average note rate of 7.41%, with applicants self-reporting average annual income of $34K. 99 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.4x, meaning typical borrowers took on mortgages of about 3.4 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 18103 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,219
Applications
669
Originated
17.1%
Denial Rate
54.9%
Approval Rate
$115,304
Avg Loan Amount
7.41%
Avg Interest Rate
$34K
Avg Applicant Income
3.4x
Loan-to-Income Ratio

Nearby Lenders in Miami 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 First Farmers Bank & Trust 91 13.6%
2 Beacon Credit Union 72 10.8%
3 Ruoff Mortgage Company 56 8.4%
4 Rocket Mortgage 39 5.8%
5 Pnc Bank N.A. 29 4.3%
Compare First Farmers Bank & Trust vs Beacon Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Miami County?
In the 2024 HMDA reporting year, 1,219 mortgage applications were filed in Miami County, Indiana. Of these, 669 were originated (approved and funded), while 209 were denied, resulting in a denial rate of 17.1%.
What is the mortgage denial rate in Miami County?
The mortgage denial rate in Miami County is 17.1%. The approval (origination) rate is 54.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Miami County?
The average mortgage loan amount in Miami County is $115,304. The average interest rate is 7.408%. The average applicant income is $34K.
What is the loan-to-income ratio in Miami County?
The average loan-to-income ratio in Miami County is 3.4x, meaning borrowers took on loans averaging 3.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Miami County?
The top mortgage lenders in Miami County by origination volume are First Farmers Bank & Trust, Beacon Credit Union, Ruoff Mortgage Company. In total, 99 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.