PlainLender
2024 data HMDA 2024 disclosure official source

Carter County

778 mortgage applications, 22.5% denial rate. Verify FIPS 21043 with U.S. Census Bureau →

PlainLender home → About this data

Kentucky · FIPS 21043

Local mortgage market. Carter County, Kentucky saw 778 HMDA-reported mortgage applications in 2024. Lenders originated 373 of those loans and denied 175, producing a denial rate of 22.5% and an approval (origination) rate of 47.9%. The average loan amount was $136,645 at an average note rate of 7.19%, with applicants self-reporting average annual income of $35K. 70 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 21043 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

778
Applications
373
Originated
22.5%
Denial Rate
47.9%
Approval Rate
$136,645
Avg Loan Amount
7.19%
Avg Interest Rate
$35K
Avg Applicant Income
3.9x
Loan-to-Income Ratio

Nearby Lenders in Carter 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 Commercial Bank of Grayson 75 20.1%
2 First National Bank of Grayson 43 11.5%
3 City National Bank of WV 27 7.2%
4 Vanderbilt Mortgage and Finance, INC 25 6.7%
5 United Wholesale Mortgage 23 6.2%
Compare Commercial Bank of Grayson vs First National Bank of Grayson →

Frequently Asked Questions

How many mortgage applications were filed in Carter County?
In the 2024 HMDA reporting year, 778 mortgage applications were filed in Carter County, Kentucky. Of these, 373 were originated (approved and funded), while 175 were denied, resulting in a denial rate of 22.5%.
What is the mortgage denial rate in Carter County?
The mortgage denial rate in Carter County is 22.5%. The approval (origination) rate is 47.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Carter County?
The average mortgage loan amount in Carter County is $136,645. The average interest rate is 7.192%. The average applicant income is $35K.
What is the loan-to-income ratio in Carter County?
The average loan-to-income ratio in Carter 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 Carter County?
The top mortgage lenders in Carter County by origination volume are Commercial Bank of Grayson, First National Bank of Grayson, City National Bank of WV. In total, 70 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.