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2024 data HMDA 2024 disclosure official source

Choctaw County

203 mortgage applications, 32.0% denial rate. Verify FIPS 28019 with U.S. Census Bureau →

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Mississippi · FIPS 28019

Local mortgage market. Choctaw County, Mississippi saw 203 HMDA-reported mortgage applications in 2024. Lenders originated 72 of those loans and denied 65, producing a denial rate of 32.0% and an approval (origination) rate of 35.5%. The average loan amount was $112,438 at an average note rate of 7.91%, with applicants self-reporting average annual income of $36K. 24 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.1x, meaning typical borrowers took on mortgages of about 3.1 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.

FIPS 28019 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

203
Applications
72
Originated
32.0%
Denial Rate
35.5%
Approval Rate
$112,438
Avg Loan Amount
7.91%
Avg Interest Rate
$36K
Avg Applicant Income
3.1x
Loan-to-Income Ratio

Nearby Lenders in Choctaw 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 Cadence Bank 13 18.1%
2 21st Mortgage 10 13.9%
3 Rocket Mortgage 9 12.5%
4 Renasant Bank 9 12.5%
5 Regions Bank 7 9.7%
Compare Cadence Bank vs 21st Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Choctaw County?
In the 2024 HMDA reporting year, 203 mortgage applications were filed in Choctaw County, Mississippi. Of these, 72 were originated (approved and funded), while 65 were denied, resulting in a denial rate of 32.0%.
What is the mortgage denial rate in Choctaw County?
The mortgage denial rate in Choctaw County is 32.0%. The approval (origination) rate is 35.5%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Choctaw County?
The average mortgage loan amount in Choctaw County is $112,438. The average interest rate is 7.907%. The average applicant income is $36K.
What is the loan-to-income ratio in Choctaw County?
The average loan-to-income ratio in Choctaw County is 3.1x, meaning borrowers took on loans averaging 3.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Choctaw County?
The top mortgage lenders in Choctaw County by origination volume are Cadence Bank, 21st Mortgage, Rocket Mortgage. In total, 24 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.