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2024 data HMDA 2024 disclosure official source

Magoffin County

264 mortgage applications, 42.4% denial rate. Verify FIPS 21153 with U.S. Census Bureau →

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Kentucky · FIPS 21153

Local mortgage market. Magoffin County, Kentucky saw 264 HMDA-reported mortgage applications in 2024. Lenders originated 78 of those loans and denied 112, producing a denial rate of 42.4% and an approval (origination) rate of 29.5%. The average loan amount was $135,795 at an average note rate of 8.33%, with applicants self-reporting average annual income of $37K. 23 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.7x, meaning typical borrowers took on mortgages of about 3.7 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 21153 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

264
Applications
78
Originated
42.4%
Denial Rate
29.5%
Approval Rate
$135,795
Avg Loan Amount
8.33%
Avg Interest Rate
$37K
Avg Applicant Income
3.7x
Loan-to-Income Ratio

Nearby Lenders in Magoffin 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 Vanderbilt Mortgage and Finance, INC 17 21.8%
2 21st Mortgage 6 7.7%
3 Community Trust Bank, Inc. 6 7.7%
4 Rocket Mortgage 5 6.4%
5 Peoples Bank 5 6.4%
Compare Vanderbilt Mortgage and Finance, INC vs 21st Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Magoffin County?
In the 2024 HMDA reporting year, 264 mortgage applications were filed in Magoffin County, Kentucky. Of these, 78 were originated (approved and funded), while 112 were denied, resulting in a denial rate of 42.4%.
What is the mortgage denial rate in Magoffin County?
The mortgage denial rate in Magoffin County is 42.4%. The approval (origination) rate is 29.5%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Magoffin County?
The average mortgage loan amount in Magoffin County is $135,795. The average interest rate is 8.328%. The average applicant income is $37K.
What is the loan-to-income ratio in Magoffin County?
The average loan-to-income ratio in Magoffin County is 3.7x, meaning borrowers took on loans averaging 3.7 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Magoffin County?
The top mortgage lenders in Magoffin County by origination volume are Vanderbilt Mortgage and Finance, INC, 21st Mortgage, Community Trust Bank, Inc.. In total, 23 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.