Mercer County
Kentucky · FIPS 21167
According to CFPB HMDA 2024 application volume among U.S. counties, Mercer County ranks #1,411 of 3,223, and #39 of 120 in Kentucky.
Mortgage lending activity in Mercer 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. Mercer County, Kentucky lenders denied 167 of the applications reported here, financing the rest at an average note rate of 7.10%, with applicants self-reporting average annual income of $36K. 114 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 5.1x, meaning typical borrowers took on mortgages of about 5.1 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 Mercer County
In Mercer County, lead originator Whitaker Bank INC funded 11.8% of 561 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 22.5% 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 Mercer County's 1,024 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Mercer County's $183,301 average loan (deduped against volume peers).
Lenders active in Mercer County
Whitaker Bank INC funded 66 of the 561 loans originated in Mercer County, 11.8% of the county. 114 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Whitaker Bank INC | 66 | 11.8% |
| 2 | Community Trust Bank, Inc. | 31 | 5.5% |
| 3 | Rocket Mortgage | 29 | 5.2% |
| 4 | Commonwealth Credit Union | 29 | 5.2% |
| 5 | New American Funding, LLC. | 22 | 3.9% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Mercer County, from the FFIEC/CFPB HMDA Snapshot National Loan-Level Dataset (2024) -- county FIPS codes follow U.S. Census Bureau standards. Not financial advice for Mercer County borrowers. 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.