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2024 data HMDA 2024 disclosure official source

Garrard County

805 mortgage applications, 18.8% denial rate. Verify FIPS 21079 with U.S. Census Bureau →

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Kentucky · FIPS 21079

Local mortgage market. Garrard County, Kentucky saw 805 HMDA-reported mortgage applications in 2024. Lenders originated 416 of those loans and denied 151, producing a denial rate of 18.8% and an approval (origination) rate of 51.7%. The average loan amount was $178,453 at an average note rate of 7.22%, with applicants self-reporting average annual income of $37K. 93 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.8x, meaning typical borrowers took on mortgages of about 4.8 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 21079 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

805
Applications
416
Originated
18.8%
Denial Rate
51.7%
Approval Rate
$178,453
Avg Loan Amount
7.22%
Avg Interest Rate
$37K
Avg Applicant Income
4.8x
Loan-to-Income Ratio

Nearby Lenders in Garrard 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 Whitaker Bank INC 60 14.4%
2 First Southern National Bank 32 7.7%
3 Rocket Mortgage 28 6.7%
4 Geneva Financial LLC 17 4.1%
5 New American Funding, LLC. 16 3.8%
Compare Whitaker Bank INC vs First Southern National Bank →

Frequently Asked Questions

How many mortgage applications were filed in Garrard County?
In the 2024 HMDA reporting year, 805 mortgage applications were filed in Garrard County, Kentucky. Of these, 416 were originated (approved and funded), while 151 were denied, resulting in a denial rate of 18.8%.
What is the mortgage denial rate in Garrard County?
The mortgage denial rate in Garrard County is 18.8%. The approval (origination) rate is 51.7%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Garrard County?
The average mortgage loan amount in Garrard County is $178,453. The average interest rate is 7.223%. The average applicant income is $37K.
What is the loan-to-income ratio in Garrard County?
The average loan-to-income ratio in Garrard County is 4.8x, meaning borrowers took on loans averaging 4.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Garrard County?
The top mortgage lenders in Garrard County by origination volume are Whitaker Bank INC, First Southern National Bank, Rocket Mortgage. In total, 93 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.