Covington County
Mississippi · FIPS 28031
According to CFPB HMDA 2024 application volume among U.S. counties, Covington County ranks #1,803 of 3,210, and #38 of 82 in Mississippi.
Mortgage lending activity in Covington County, Mississippi 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. Covington County, Mississippi saw 654 HMDA-reported mortgage applications in 2024. Lenders originated 221 of those loans and denied 232, producing a denial rate of 35.5% and an approval (origination) rate of 33.8%. The average loan amount was $112,355 at an average note rate of 8.32%, with applicants self-reporting average annual income of $35K. 45 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 3.2x, meaning typical borrowers took on mortgages of about 3.2 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 Covington County
In Covington County, lead originator PriorityOne Bank funded 19.5% of 221 originated loans, above the county fleet's upper tercile (~16.7% top-1). The top three reporters together hold 34.8% of the book, so a handful of names dominate disclosed volume here.
Counties With Similar Application Volume
Nationwide counties nearest to Covington County's 654 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Covington County's $112,355 average loan (deduped against volume peers).
Lenders active in Covington County
PriorityOne Bank funded 43 of the 221 loans originated in Covington County, 19.5% of the county. 45 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | PriorityOne Bank | 43 | 19.5% |
| 2 | 21st Mortgage | 17 | 7.7% |
| 3 | Peoples Bank | 17 | 7.7% |
| 4 | Regions Bank | 16 | 7.2% |
| 5 | Citizens Bank | 15 | 6.8% |
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; does not constitute financial advice for Covington County borrowers.
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 Covington County 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. 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.