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2024 data HMDA 2024 disclosure official source

Tipton County

686 mortgage applications, 17.5% denial rate. Verify FIPS 18159 with U.S. Census Bureau →

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Indiana · FIPS 18159

Local mortgage market. Tipton County, Indiana saw 686 HMDA-reported mortgage applications in 2024. Lenders originated 392 of those loans and denied 120, producing a denial rate of 17.5% and an approval (origination) rate of 57.1%. The average loan amount was $145,408 at an average note rate of 7.52%, with applicants self-reporting average annual income of $34K. 98 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.3x, meaning typical borrowers took on mortgages of about 4.3 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 18159 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

686
Applications
392
Originated
17.5%
Denial Rate
57.1%
Approval Rate
$145,408
Avg Loan Amount
7.52%
Avg Interest Rate
$34K
Avg Applicant Income
4.3x
Loan-to-Income Ratio

Nearby Lenders in Tipton 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 45 11.5%
2 Encompass Federal Credit Union 40 10.2%
3 STAR Financial Bank 28 7.1%
4 Rocket Mortgage 23 5.9%
5 Ruoff Mortgage Company 16 4.1%
Compare First Farmers Bank & Trust vs Encompass Federal Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Tipton County?
In the 2024 HMDA reporting year, 686 mortgage applications were filed in Tipton County, Indiana. Of these, 392 were originated (approved and funded), while 120 were denied, resulting in a denial rate of 17.5%.
What is the mortgage denial rate in Tipton County?
The mortgage denial rate in Tipton County is 17.5%. The approval (origination) rate is 57.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Tipton County?
The average mortgage loan amount in Tipton County is $145,408. The average interest rate is 7.518%. The average applicant income is $34K.
What is the loan-to-income ratio in Tipton County?
The average loan-to-income ratio in Tipton County is 4.3x, meaning borrowers took on loans averaging 4.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Tipton County?
The top mortgage lenders in Tipton County by origination volume are First Farmers Bank & Trust, Encompass Federal Credit Union, STAR Financial Bank. In total, 98 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.