PlainLender
2024 data HMDA 2024 disclosure official source

Gallatin County

400 mortgage applications, 24.0% denial rate. Verify FIPS 21077 with U.S. Census Bureau →

PlainLender home → About this data

Kentucky · FIPS 21077

Local mortgage market. Gallatin County, Kentucky saw 400 HMDA-reported mortgage applications in 2024. Lenders originated 187 of those loans and denied 96, producing a denial rate of 24.0% and an approval (origination) rate of 46.8%. The average loan amount was $155,675 at an average note rate of 6.82%, with applicants self-reporting average annual income of $36K. 64 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.3x, meaning typical borrowers took on mortgages of about 4.3 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 21077 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

400
Applications
187
Originated
24.0%
Denial Rate
46.8%
Approval Rate
$155,675
Avg Loan Amount
6.82%
Avg Interest Rate
$36K
Avg Applicant Income
4.3x
Loan-to-Income Ratio

Nearby Lenders in Gallatin 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 German American Bank 23 12.3%
2 Stockton Mortgage Corporation 14 7.5%
3 Rocket Mortgage 12 6.4%
4 21st Mortgage 10 5.3%
5 United Wholesale Mortgage 7 3.7%
Compare German American Bank vs Stockton Mortgage Corporation →

Frequently Asked Questions

How many mortgage applications were filed in Gallatin County?
In the 2024 HMDA reporting year, 400 mortgage applications were filed in Gallatin County, Kentucky. Of these, 187 were originated (approved and funded), while 96 were denied, resulting in a denial rate of 24.0%.
What is the mortgage denial rate in Gallatin County?
The mortgage denial rate in Gallatin County is 24.0%. The approval (origination) rate is 46.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Gallatin County?
The average mortgage loan amount in Gallatin County is $155,675. The average interest rate is 6.822%. The average applicant income is $36K.
What is the loan-to-income ratio in Gallatin County?
The average loan-to-income ratio in Gallatin County is 4.3x, meaning borrowers took on loans averaging 4.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Gallatin County?
The top mortgage lenders in Gallatin County by origination volume are German American Bank, Stockton Mortgage Corporation, Rocket Mortgage. In total, 64 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.