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2024 data HMDA 2024 disclosure official source

Laurel County

2,462 mortgage applications, 28.7% denial rate. Verify FIPS 21125 with U.S. Census Bureau →

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Kentucky · FIPS 21125

Local mortgage market. Laurel County, Kentucky saw 2,462 HMDA-reported mortgage applications in 2024. Lenders originated 968 of those loans and denied 707, producing a denial rate of 28.7% and an approval (origination) rate of 39.3%. The average loan amount was $145,597 at an average note rate of 7.60%, with applicants self-reporting average annual income of $36K. 124 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.0x, meaning typical borrowers took on mortgages of about 4.0 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 21125 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,462
Applications
968
Originated
28.7%
Denial Rate
39.3%
Approval Rate
$145,597
Avg Loan Amount
7.60%
Avg Interest Rate
$36K
Avg Applicant Income
4.0x
Loan-to-Income Ratio

Nearby Lenders in Laurel 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 L&N Federal Credit Union 138 14.3%
2 Community Trust Bank, Inc. 85 8.8%
3 Rocket Mortgage 82 8.5%
4 Vanderbilt Mortgage and Finance, INC 49 5.1%
5 Polaris Home Funding Corp. 46 4.8%
Compare L&N Federal Credit Union vs Community Trust Bank, Inc. →

Frequently Asked Questions

How many mortgage applications were filed in Laurel County?
In the 2024 HMDA reporting year, 2,462 mortgage applications were filed in Laurel County, Kentucky. Of these, 968 were originated (approved and funded), while 707 were denied, resulting in a denial rate of 28.7%.
What is the mortgage denial rate in Laurel County?
The mortgage denial rate in Laurel County is 28.7%. The approval (origination) rate is 39.3%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Laurel County?
The average mortgage loan amount in Laurel County is $145,597. The average interest rate is 7.603%. The average applicant income is $36K.
What is the loan-to-income ratio in Laurel County?
The average loan-to-income ratio in Laurel County is 4.0x, meaning borrowers took on loans averaging 4.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Laurel County?
The top mortgage lenders in Laurel County by origination volume are L&N Federal Credit Union, Community Trust Bank, Inc., Rocket Mortgage. In total, 124 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.