PlainLender
2024 data HMDA 2024 disclosure official source

Shelby County

360 mortgage applications, 10.8% denial rate. Verify FIPS 19165 with U.S. Census Bureau →

PlainLender home → About this data

Iowa · FIPS 19165

Local mortgage market. Shelby County, Iowa saw 360 HMDA-reported mortgage applications in 2024. Lenders originated 248 of those loans and denied 39, producing a denial rate of 10.8% and an approval (origination) rate of 68.9%. The average loan amount was $131,139 at an average note rate of 6.96%, with applicants self-reporting average annual income of $36K. 57 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.6x, meaning typical borrowers took on mortgages of about 3.6 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 19165 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

360
Applications
248
Originated
10.8%
Denial Rate
68.9%
Approval Rate
$131,139
Avg Loan Amount
6.96%
Avg Interest Rate
$36K
Avg Applicant Income
3.6x
Loan-to-Income Ratio

Nearby Lenders in Shelby 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 Shelby County State Bank 73 29.4%
2 Iowa Bankers Mortgage Corporation 18 7.3%
3 Farmers Trust and Savings Bank 18 7.3%
4 Rocket Mortgage 9 3.6%
5 Veridian Credit Union 9 3.6%
Compare Shelby County State Bank vs Iowa Bankers Mortgage Corporation →

Frequently Asked Questions

How many mortgage applications were filed in Shelby County?
In the 2024 HMDA reporting year, 360 mortgage applications were filed in Shelby County, Iowa. Of these, 248 were originated (approved and funded), while 39 were denied, resulting in a denial rate of 10.8%.
What is the mortgage denial rate in Shelby County?
The mortgage denial rate in Shelby County is 10.8%. The approval (origination) rate is 68.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Shelby County?
The average mortgage loan amount in Shelby County is $131,139. The average interest rate is 6.957%. The average applicant income is $36K.
What is the loan-to-income ratio in Shelby County?
The average loan-to-income ratio in Shelby County is 3.6x, meaning borrowers took on loans averaging 3.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Shelby County?
The top mortgage lenders in Shelby County by origination volume are Shelby County State Bank, Iowa Bankers Mortgage Corporation, Farmers Trust and Savings Bank. In total, 57 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.