Avery County
North Carolina · FIPS 37011
According to CFPB HMDA 2024 application volume among U.S. counties, Avery County ranks #1,522 of 3,210, and #75 of 100 in North Carolina.
Mortgage lending activity in Avery County, North Carolina 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. 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Avery County
In Avery County, lead originator United Community Bank funded 15.0% of 473 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 33.8% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Counties With Similar Application Volume
Nationwide counties nearest to Avery County's 896 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Avery County's $335,737 average loan (deduped against volume peers).
Lenders active in Avery County
United Community Bank funded 71 of the 473 loans originated in Avery County, 15.0% of the county. 119 lenders reported activity here.
| # | 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% |
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 Avery 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 Avery 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.