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2024 data HMDA 2024 disclosure official source

Boone County

1,115 mortgage applications, 11.7% denial rate. Verify FIPS 19015 with U.S. Census Bureau →

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Iowa · FIPS 19015

Local mortgage market. Boone County, Iowa saw 1,115 HMDA-reported mortgage applications in 2024. Lenders originated 696 of those loans and denied 130, producing a denial rate of 11.7% and an approval (origination) rate of 62.4%. The average loan amount was $185,879 at an average note rate of 6.87%, with applicants self-reporting average annual income of $37K. 110 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.0x, meaning typical borrowers took on mortgages of about 5.0 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 19015 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,115
Applications
696
Originated
11.7%
Denial Rate
62.4%
Approval Rate
$185,879
Avg Loan Amount
6.87%
Avg Interest Rate
$37K
Avg Applicant Income
5.0x
Loan-to-Income Ratio

Nearby Lenders in Boone 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 Iowa Bankers Mortgage Corporation 68 9.8%
2 Guild Mortgage Company 43 6.2%
3 Veridian Credit Union 41 5.9%
4 Community Choice Credit Union 36 5.2%
5 Rocket Mortgage 28 4.0%
Compare Iowa Bankers Mortgage Corporation vs Guild Mortgage Company →

Frequently Asked Questions

How many mortgage applications were filed in Boone County?
In the 2024 HMDA reporting year, 1,115 mortgage applications were filed in Boone County, Iowa. Of these, 696 were originated (approved and funded), while 130 were denied, resulting in a denial rate of 11.7%.
What is the mortgage denial rate in Boone County?
The mortgage denial rate in Boone County is 11.7%. The approval (origination) rate is 62.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Boone County?
The average mortgage loan amount in Boone County is $185,879. The average interest rate is 6.866%. The average applicant income is $37K.
What is the loan-to-income ratio in Boone County?
The average loan-to-income ratio in Boone County is 5.0x, meaning borrowers took on loans averaging 5.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Boone County?
The top mortgage lenders in Boone County by origination volume are Iowa Bankers Mortgage Corporation, Guild Mortgage Company, Veridian Credit Union. In total, 110 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.