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2024 data HMDA 2024 disclosure official source

Union County

249 mortgage applications, 15.3% denial rate. Verify FIPS 18161 with U.S. Census Bureau →

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Indiana · FIPS 18161

Local mortgage market. Union County, Indiana saw 249 HMDA-reported mortgage applications in 2024. Lenders originated 155 of those loans and denied 38, producing a denial rate of 15.3% and an approval (origination) rate of 62.2%. The average loan amount was $141,586 at an average note rate of 7.32%, with applicants self-reporting average annual income of $36K. 42 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.9x, meaning typical borrowers took on mortgages of about 3.9 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 18161 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

249
Applications
155
Originated
15.3%
Denial Rate
62.2%
Approval Rate
$141,586
Avg Loan Amount
7.32%
Avg Interest Rate
$36K
Avg Applicant Income
3.9x
Loan-to-Income Ratio

Nearby Lenders in Union 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 The Bath State Bank 38 24.5%
2 First Merchants Bank 22 14.2%
3 Three Rivers Federal Crediit U 13 8.4%
4 Rocket Mortgage 10 6.5%
5 Somerville Bank 7 4.5%
Compare The Bath State Bank vs First Merchants Bank →

Frequently Asked Questions

How many mortgage applications were filed in Union County?
In the 2024 HMDA reporting year, 249 mortgage applications were filed in Union County, Indiana. Of these, 155 were originated (approved and funded), while 38 were denied, resulting in a denial rate of 15.3%.
What is the mortgage denial rate in Union County?
The mortgage denial rate in Union County is 15.3%. The approval (origination) rate is 62.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Union County?
The average mortgage loan amount in Union County is $141,586. The average interest rate is 7.322%. The average applicant income is $36K.
What is the loan-to-income ratio in Union County?
The average loan-to-income ratio in Union County is 3.9x, meaning borrowers took on loans averaging 3.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Union County?
The top mortgage lenders in Union County by origination volume are The Bath State Bank, First Merchants Bank, Three Rivers Federal Crediit U. In total, 42 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.