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2024 data HMDA 2024 disclosure official source

Essex County

25,025 mortgage applications, 17.8% denial rate. Verify FIPS 25009 with U.S. Census Bureau →

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Massachusetts · FIPS 25009

Local mortgage market. Essex County, Massachusetts saw 25,025 HMDA-reported mortgage applications in 2024. Lenders originated 13,607 of those loans and denied 4,450, producing a denial rate of 17.8% and an approval (origination) rate of 54.4%. The average loan amount was $416,589 at an average note rate of 7.19%, with applicants self-reporting average annual income of $39K. 374 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 10.7x, meaning typical borrowers took on mortgages of about 10.7 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 25009 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

25,025
Applications
13,607
Originated
17.8%
Denial Rate
54.4%
Approval Rate
$416,589
Avg Loan Amount
7.19%
Avg Interest Rate
$39K
Avg Applicant Income
10.7x
Loan-to-Income Ratio

Nearby Lenders in Essex 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 CBNA Year to Date 808 5.9%
2 Eastern Bank 707 5.2%
3 Crosscountry Mortgage, LLC 679 5.0%
4 Guaranteed Rate, INC. 676 5.0%
5 Rocket Mortgage 534 3.9%
Compare CBNA Year to Date vs Eastern Bank →

Frequently Asked Questions

How many mortgage applications were filed in Essex County?
In the 2024 HMDA reporting year, 25,025 mortgage applications were filed in Essex County, Massachusetts. Of these, 13,607 were originated (approved and funded), while 4,450 were denied, resulting in a denial rate of 17.8%.
What is the mortgage denial rate in Essex County?
The mortgage denial rate in Essex County is 17.8%. The approval (origination) rate is 54.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Essex County?
The average mortgage loan amount in Essex County is $416,589. The average interest rate is 7.193%. The average applicant income is $39K.
What is the loan-to-income ratio in Essex County?
The average loan-to-income ratio in Essex County is 10.7x, meaning borrowers took on loans averaging 10.7 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Essex County?
The top mortgage lenders in Essex County by origination volume are CBNA Year to Date, Eastern Bank, Crosscountry Mortgage, LLC. In total, 374 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.