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2024 data HMDA 2024 disclosure official source

Polk County

1,344 mortgage applications, 15.6% denial rate. Verify FIPS 29167 with U.S. Census Bureau →

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Missouri · FIPS 29167

Local mortgage market. Polk County, Missouri saw 1,344 HMDA-reported mortgage applications in 2024. Lenders originated 721 of those loans and denied 209, producing a denial rate of 15.6% and an approval (origination) rate of 53.6%. The average loan amount was $189,717 at an average note rate of 7.10%, with applicants self-reporting average annual income of $37K. 110 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.1x, meaning typical borrowers took on mortgages of about 5.1 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 29167 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,344
Applications
721
Originated
15.6%
Denial Rate
53.6%
Approval Rate
$189,717
Avg Loan Amount
7.10%
Avg Interest Rate
$37K
Avg Applicant Income
5.1x
Loan-to-Income Ratio

Nearby Lenders in Polk 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 Oakstar Bank 82 11.4%
2 The Bank of Missouri 73 10.1%
3 LimeBank 48 6.7%
4 Rocket Mortgage 38 5.3%
5 Flat Branch Mortgage, INC. 31 4.3%
Compare Oakstar Bank vs The Bank of Missouri →

Frequently Asked Questions

How many mortgage applications were filed in Polk County?
In the 2024 HMDA reporting year, 1,344 mortgage applications were filed in Polk County, Missouri. Of these, 721 were originated (approved and funded), while 209 were denied, resulting in a denial rate of 15.6%.
What is the mortgage denial rate in Polk County?
The mortgage denial rate in Polk County is 15.6%. The approval (origination) rate is 53.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Polk County?
The average mortgage loan amount in Polk County is $189,717. The average interest rate is 7.100%. The average applicant income is $37K.
What is the loan-to-income ratio in Polk County?
The average loan-to-income ratio in Polk County is 5.1x, meaning borrowers took on loans averaging 5.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Polk County?
The top mortgage lenders in Polk County by origination volume are Oakstar Bank, The Bank of Missouri, LimeBank. In total, 110 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.