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2024 data HMDA 2024 disclosure official source

Norfolk County

21,648 mortgage applications, 16.2% denial rate. Verify FIPS 25021 with U.S. Census Bureau →

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Massachusetts · FIPS 25021

Local mortgage market. Norfolk County, Massachusetts saw 21,648 HMDA-reported mortgage applications in 2024. Lenders originated 12,244 of those loans and denied 3,503, producing a denial rate of 16.2% and an approval (origination) rate of 56.6%. The average loan amount was $467,702 at an average note rate of 7.19%, with applicants self-reporting average annual income of $38K. 389 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 12.3x, meaning typical borrowers took on mortgages of about 12.3 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 25021 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

21,648
Applications
12,244
Originated
16.2%
Denial Rate
56.6%
Approval Rate
$467,702
Avg Loan Amount
7.19%
Avg Interest Rate
$38K
Avg Applicant Income
12.3x
Loan-to-Income Ratio

Nearby Lenders in Norfolk 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 1,250 10.2%
2 Leader Bank NA 648 5.3%
3 Rocket Mortgage 527 4.3%
4 Bank of America NA 515 4.2%
5 Guaranteed Rate, INC. 498 4.1%
Compare CBNA Year to Date vs Leader Bank NA →

Frequently Asked Questions

How many mortgage applications were filed in Norfolk County?
In the 2024 HMDA reporting year, 21,648 mortgage applications were filed in Norfolk County, Massachusetts. Of these, 12,244 were originated (approved and funded), while 3,503 were denied, resulting in a denial rate of 16.2%.
What is the mortgage denial rate in Norfolk County?
The mortgage denial rate in Norfolk County is 16.2%. The approval (origination) rate is 56.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Norfolk County?
The average mortgage loan amount in Norfolk County is $467,702. The average interest rate is 7.191%. The average applicant income is $38K.
What is the loan-to-income ratio in Norfolk County?
The average loan-to-income ratio in Norfolk County is 12.3x, meaning borrowers took on loans averaging 12.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Norfolk County?
The top mortgage lenders in Norfolk County by origination volume are CBNA Year to Date, Leader Bank NA, Rocket Mortgage. In total, 389 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.