Gallatin County
Kentucky · FIPS 21077
According to CFPB HMDA 2024 application volume among U.S. counties, Gallatin County ranks #2,169 of 3,210, and #76 of 120 in Kentucky.
Mortgage lending activity in Gallatin County, Kentucky based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Gallatin County
In Gallatin County, lead originator German American Bank funded 12.3% of 187 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 26.2% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Counties With Similar Application Volume
Nationwide counties nearest to Gallatin County's 400 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Gallatin County's $155,675 average loan (deduped against volume peers).
Lenders active in Gallatin County
German American Bank funded 23 of the 187 loans originated in Gallatin County, 12.3% of the county. 64 lenders reported activity here.
| # | 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% |
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; does not constitute financial advice for Gallatin County borrowers.
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 Gallatin County 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. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.