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2024 data HMDA 2024 disclosure official source

Madison County

490 mortgage applications, 15.9% denial rate. Verify FIPS 30057 with U.S. Census Bureau →

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Montana · FIPS 30057

Local mortgage market. Madison County, Montana saw 490 HMDA-reported mortgage applications in 2024. Lenders originated 269 of those loans and denied 78, producing a denial rate of 15.9% and an approval (origination) rate of 54.9%. The average loan amount was $1,033,755 at an average note rate of 7.23%, with applicants self-reporting average annual income of $37K. 78 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 27.9x, meaning typical borrowers took on mortgages of about 27.9 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 30057 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

490
Applications
269
Originated
15.9%
Denial Rate
54.9%
Approval Rate
$1,033,755
Avg Loan Amount
7.23%
Avg Interest Rate
$37K
Avg Applicant Income
27.9x
Loan-to-Income Ratio

Nearby Lenders in Madison 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 Stockman Bank of Montana 28 10.4%
2 Opportunity Bank of Montana 25 9.3%
3 JPMorgan Chase Bank, NA 21 7.8%
4 Glacier Bank 17 6.3%
5 First Interstate Bank 16 5.9%
Compare Stockman Bank of Montana vs Opportunity Bank of Montana →

Frequently Asked Questions

How many mortgage applications were filed in Madison County?
In the 2024 HMDA reporting year, 490 mortgage applications were filed in Madison County, Montana. Of these, 269 were originated (approved and funded), while 78 were denied, resulting in a denial rate of 15.9%.
What is the mortgage denial rate in Madison County?
The mortgage denial rate in Madison County is 15.9%. The approval (origination) rate is 54.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Madison County?
The average mortgage loan amount in Madison County is $1,033,755. The average interest rate is 7.229%. The average applicant income is $37K.
What is the loan-to-income ratio in Madison County?
The average loan-to-income ratio in Madison County is 27.9x, meaning borrowers took on loans averaging 27.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Madison County?
The top mortgage lenders in Madison County by origination volume are Stockman Bank of Montana, Opportunity Bank of Montana, JPMorgan Chase Bank, NA. In total, 78 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.