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2024 data HMDA 2024 disclosure official source

Cerro Gordo County

663 mortgage applications, 11.9% denial rate. Verify FIPS 19033 with U.S. Census Bureau →

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Iowa · FIPS 19033

Local mortgage market. Cerro Gordo County, Iowa saw 663 HMDA-reported mortgage applications in 2024. Lenders originated 400 of those loans and denied 79, producing a denial rate of 11.9% and an approval (origination) rate of 60.3%. The average loan amount was $172,089 at an average note rate of 6.99%, with applicants self-reporting average annual income of $36K. 102 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 19033 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

663
Applications
400
Originated
11.9%
Denial Rate
60.3%
Approval Rate
$172,089
Avg Loan Amount
6.99%
Avg Interest Rate
$36K
Avg Applicant Income
4.8x
Loan-to-Income Ratio

Nearby Lenders in Cerro Gordo 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 Wells Fargo Bank NA 36 9.0%
2 Us Bank, N.A. 29 7.2%
3 Plains Commerce Bank 29 7.2%
4 Rocket Mortgage 28 7.0%
5 Manufacturers Bank & Trust Co 23 5.8%
Compare Wells Fargo Bank NA vs Us Bank, N.A. →

Frequently Asked Questions

How many mortgage applications were filed in Cerro Gordo County?
In the 2024 HMDA reporting year, 663 mortgage applications were filed in Cerro Gordo County, Iowa. Of these, 400 were originated (approved and funded), while 79 were denied, resulting in a denial rate of 11.9%.
What is the mortgage denial rate in Cerro Gordo County?
The mortgage denial rate in Cerro Gordo County is 11.9%. The approval (origination) rate is 60.3%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Cerro Gordo County?
The average mortgage loan amount in Cerro Gordo County is $172,089. The average interest rate is 6.989%. The average applicant income is $36K.
What is the loan-to-income ratio in Cerro Gordo County?
The average loan-to-income ratio in Cerro Gordo 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 Cerro Gordo County?
The top mortgage lenders in Cerro Gordo County by origination volume are Wells Fargo Bank NA, Us Bank, N.A., Plains Commerce Bank. In total, 102 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.