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2024 data HMDA 2024 disclosure official source

Switzerland County

382 mortgage applications, 13.9% denial rate. Verify FIPS 18155 with U.S. Census Bureau →

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Indiana · FIPS 18155

Local mortgage market. Switzerland County, Indiana saw 382 HMDA-reported mortgage applications in 2024. Lenders originated 210 of those loans and denied 53, producing a denial rate of 13.9% and an approval (origination) rate of 55.0%. The average loan amount was $177,356 at an average note rate of 7.07%, with applicants self-reporting average annual income of $36K. 48 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.9x, meaning typical borrowers took on mortgages of about 4.9 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 18155 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

382
Applications
210
Originated
13.9%
Denial Rate
55.0%
Approval Rate
$177,356
Avg Loan Amount
7.07%
Avg Interest Rate
$36K
Avg Applicant Income
4.9x
Loan-to-Income Ratio

Nearby Lenders in Switzerland 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 Financial Bank 41 19.5%
2 The Friendship State Bank 35 16.7%
3 Ruoff Mortgage Company 16 7.6%
4 Rocket Mortgage 14 6.7%
5 Geneva Financial LLC 12 5.7%
Compare First Financial Bank vs The Friendship State Bank →

Frequently Asked Questions

How many mortgage applications were filed in Switzerland County?
In the 2024 HMDA reporting year, 382 mortgage applications were filed in Switzerland County, Indiana. Of these, 210 were originated (approved and funded), while 53 were denied, resulting in a denial rate of 13.9%.
What is the mortgage denial rate in Switzerland County?
The mortgage denial rate in Switzerland County is 13.9%. The approval (origination) rate is 55.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Switzerland County?
The average mortgage loan amount in Switzerland County is $177,356. The average interest rate is 7.071%. The average applicant income is $36K.
What is the loan-to-income ratio in Switzerland County?
The average loan-to-income ratio in Switzerland County is 4.9x, meaning borrowers took on loans averaging 4.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Switzerland County?
The top mortgage lenders in Switzerland County by origination volume are First Financial Bank, The Friendship State Bank, Ruoff Mortgage Company. In total, 48 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.