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2024 data HMDA 2024 disclosure official source

Hancock County

332 mortgage applications, 16.6% denial rate. Verify FIPS 21091 with U.S. Census Bureau →

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Kentucky · FIPS 21091

Local mortgage market. Hancock County, Kentucky saw 332 HMDA-reported mortgage applications in 2024. Lenders originated 195 of those loans and denied 55, producing a denial rate of 16.6% and an approval (origination) rate of 58.7%. The average loan amount was $145,723 at an average note rate of 7.15%, with applicants self-reporting average annual income of $34K. 48 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 21091 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

332
Applications
195
Originated
16.6%
Denial Rate
58.7%
Approval Rate
$145,723
Avg Loan Amount
7.15%
Avg Interest Rate
$34K
Avg Applicant Income
4.3x
Loan-to-Income Ratio

Nearby Lenders in Hancock 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 Liberty Federal Credit Union 47 24.1%
2 Independence Bank of Kentucky 38 19.5%
3 Rocket Mortgage 10 5.1%
4 First Financial Bank, NA 7 3.6%
5 Farm Credit Mid-America, Aca 6 3.1%
Compare Liberty Federal Credit Union vs Independence Bank of Kentucky →

Frequently Asked Questions

How many mortgage applications were filed in Hancock County?
In the 2024 HMDA reporting year, 332 mortgage applications were filed in Hancock County, Kentucky. Of these, 195 were originated (approved and funded), while 55 were denied, resulting in a denial rate of 16.6%.
What is the mortgage denial rate in Hancock County?
The mortgage denial rate in Hancock County is 16.6%. The approval (origination) rate is 58.7%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Hancock County?
The average mortgage loan amount in Hancock County is $145,723. The average interest rate is 7.152%. The average applicant income is $34K.
What is the loan-to-income ratio in Hancock County?
The average loan-to-income ratio in Hancock 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 Hancock County?
The top mortgage lenders in Hancock County by origination volume are Liberty Federal Credit Union, Independence Bank of Kentucky, Rocket Mortgage. In total, 48 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.