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2024 data HMDA 2024 disclosure official source

Wayne County

59,504 mortgage applications, 22.4% denial rate. Verify FIPS 26163 with U.S. Census Bureau →

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Michigan · FIPS 26163

Local mortgage market. Wayne County, Michigan saw 59,504 HMDA-reported mortgage applications in 2024. Lenders originated 30,332 of those loans and denied 13,354, producing a denial rate of 22.4% and an approval (origination) rate of 51.0%. The average loan amount was $164,738 at an average note rate of 7.44%, with applicants self-reporting average annual income of $37K. 431 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.5x, meaning typical borrowers took on mortgages of about 4.5 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 26163 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

59,504
Applications
30,332
Originated
22.4%
Denial Rate
51.0%
Approval Rate
$164,738
Avg Loan Amount
7.44%
Avg Interest Rate
$37K
Avg Applicant Income
4.5x
Loan-to-Income Ratio

Nearby Lenders in Wayne 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 United Wholesale Mortgage 4,597 15.2%
2 Rocket Mortgage 4,193 13.8%
3 Dfcu Financial 1,248 4.1%
4 CBNA Year to Date 966 3.2%
5 Huntington National Bank 964 3.2%
Compare United Wholesale Mortgage vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Wayne County?
In the 2024 HMDA reporting year, 59,504 mortgage applications were filed in Wayne County, Michigan. Of these, 30,332 were originated (approved and funded), while 13,354 were denied, resulting in a denial rate of 22.4%.
What is the mortgage denial rate in Wayne County?
The mortgage denial rate in Wayne County is 22.4%. The approval (origination) rate is 51.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Wayne County?
The average mortgage loan amount in Wayne County is $164,738. The average interest rate is 7.439%. The average applicant income is $37K.
What is the loan-to-income ratio in Wayne County?
The average loan-to-income ratio in Wayne County is 4.5x, meaning borrowers took on loans averaging 4.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Wayne County?
The top mortgage lenders in Wayne County by origination volume are United Wholesale Mortgage, Rocket Mortgage, Dfcu Financial. In total, 431 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.