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2024 data HMDA 2024 disclosure official source

Avery County

896 mortgage applications, 18.3% denial rate. Verify FIPS 37011 with U.S. Census Bureau →

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North Carolina · FIPS 37011

Local mortgage market. Avery County, North Carolina saw 896 HMDA-reported mortgage applications in 2024. Lenders originated 473 of those loans and denied 164, producing a denial rate of 18.3% and an approval (origination) rate of 52.8%. The average loan amount was $335,737 at an average note rate of 7.20%, with applicants self-reporting average annual income of $36K. 119 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 9.3x, meaning typical borrowers took on mortgages of about 9.3 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 37011 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

896
Applications
473
Originated
18.3%
Denial Rate
52.8%
Approval Rate
$335,737
Avg Loan Amount
7.20%
Avg Interest Rate
$36K
Avg Applicant Income
9.3x
Loan-to-Income Ratio

Nearby Lenders in Avery 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 Community Bank 71 15.0%
2 State Employees' Credit Union 58 12.3%
3 Bank of Tennessee 31 6.6%
4 Rocket Mortgage 24 5.1%
5 First Ciitizens Bank and Trust 20 4.2%
Compare United Community Bank vs State Employees' Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Avery County?
In the 2024 HMDA reporting year, 896 mortgage applications were filed in Avery County, North Carolina. Of these, 473 were originated (approved and funded), while 164 were denied, resulting in a denial rate of 18.3%.
What is the mortgage denial rate in Avery County?
The mortgage denial rate in Avery County is 18.3%. The approval (origination) rate is 52.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Avery County?
The average mortgage loan amount in Avery County is $335,737. The average interest rate is 7.203%. The average applicant income is $36K.
What is the loan-to-income ratio in Avery County?
The average loan-to-income ratio in Avery County is 9.3x, meaning borrowers took on loans averaging 9.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Avery County?
The top mortgage lenders in Avery County by origination volume are United Community Bank, State Employees' Credit Union, Bank of Tennessee. In total, 119 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.