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2024 data HMDA 2024 disclosure official source

Montgomery County

1,701 mortgage applications, 14.1% denial rate. Verify FIPS 18107 with U.S. Census Bureau →

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Indiana · FIPS 18107

Local mortgage market. Montgomery County, Indiana saw 1,701 HMDA-reported mortgage applications in 2024. Lenders originated 940 of those loans and denied 240, producing a denial rate of 14.1% and an approval (origination) rate of 55.3%. The average loan amount was $174,465 at an average note rate of 7.32%, with applicants self-reporting average annual income of $36K. 123 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.8x, meaning typical borrowers took on mortgages of about 4.8 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 18107 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,701
Applications
940
Originated
14.1%
Denial Rate
55.3%
Approval Rate
$174,465
Avg Loan Amount
7.32%
Avg Interest Rate
$36K
Avg Applicant Income
4.8x
Loan-to-Income Ratio

Nearby Lenders in Montgomery 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 Pnc Bank N.A. 116 12.3%
2 University Bank 92 9.8%
3 Wolfe Financial Inc 68 7.2%
4 Rocket Mortgage 58 6.2%
5 Everwise Credit Union 50 5.3%
Compare Pnc Bank N.A. vs University Bank →

Frequently Asked Questions

How many mortgage applications were filed in Montgomery County?
In the 2024 HMDA reporting year, 1,701 mortgage applications were filed in Montgomery County, Indiana. Of these, 940 were originated (approved and funded), while 240 were denied, resulting in a denial rate of 14.1%.
What is the mortgage denial rate in Montgomery County?
The mortgage denial rate in Montgomery County is 14.1%. The approval (origination) rate is 55.3%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Montgomery County?
The average mortgage loan amount in Montgomery County is $174,465. The average interest rate is 7.324%. The average applicant income is $36K.
What is the loan-to-income ratio in Montgomery County?
The average loan-to-income ratio in Montgomery County is 4.8x, meaning borrowers took on loans averaging 4.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Montgomery County?
The top mortgage lenders in Montgomery County by origination volume are Pnc Bank N.A., University Bank, Wolfe Financial Inc. In total, 123 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.