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2024 data HMDA 2024 disclosure official source

Floyd County

948 mortgage applications, 35.0% denial rate. Verify FIPS 21071 with U.S. Census Bureau →

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Kentucky · FIPS 21071

Local mortgage market. Floyd County, Kentucky saw 948 HMDA-reported mortgage applications in 2024. Lenders originated 332 of those loans and denied 332, producing a denial rate of 35.0% and an approval (origination) rate of 35.0%. The average loan amount was $119,451 at an average note rate of 7.66%, with applicants self-reporting average annual income of $34K. 56 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.5x, meaning typical borrowers took on mortgages of about 3.5 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 21071 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

948
Applications
332
Originated
35.0%
Denial Rate
35.0%
Approval Rate
$119,451
Avg Loan Amount
7.66%
Avg Interest Rate
$34K
Avg Applicant Income
3.5x
Loan-to-Income Ratio

Nearby Lenders in Floyd 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 Community Trust Bank, Inc. 74 22.3%
2 Vanderbilt Mortgage and Finance, INC 37 11.1%
3 Stockton Mortgage Corporation 36 10.8%
4 Peoples Bank 24 7.2%
5 Us Bank, N.A. 21 6.3%
Compare Community Trust Bank, Inc. vs Vanderbilt Mortgage and Finance, INC →

Frequently Asked Questions

How many mortgage applications were filed in Floyd County?
In the 2024 HMDA reporting year, 948 mortgage applications were filed in Floyd County, Kentucky. Of these, 332 were originated (approved and funded), while 332 were denied, resulting in a denial rate of 35.0%.
What is the mortgage denial rate in Floyd County?
The mortgage denial rate in Floyd County is 35.0%. The approval (origination) rate is 35.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Floyd County?
The average mortgage loan amount in Floyd County is $119,451. The average interest rate is 7.663%. The average applicant income is $34K.
What is the loan-to-income ratio in Floyd County?
The average loan-to-income ratio in Floyd County is 3.5x, meaning borrowers took on loans averaging 3.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Floyd County?
The top mortgage lenders in Floyd County by origination volume are Community Trust Bank, Inc., Vanderbilt Mortgage and Finance, INC, Stockton Mortgage Corporation. In total, 56 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.