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2024 data HMDA 2024 disclosure official source

Buncombe County

9,351 mortgage applications, 18.0% denial rate. Verify FIPS 37021 with U.S. Census Bureau →

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North Carolina · FIPS 37021

Local mortgage market. Buncombe County, North Carolina saw 9,351 HMDA-reported mortgage applications in 2024. Lenders originated 4,896 of those loans and denied 1,686, producing a denial rate of 18.0% and an approval (origination) rate of 52.4%. The average loan amount was $380,016 at an average note rate of 7.18%, with applicants self-reporting average annual income of $37K. 320 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 10.3x, meaning typical borrowers took on mortgages of about 10.3 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 37021 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

9,351
Applications
4,896
Originated
18.0%
Denial Rate
52.4%
Approval Rate
$380,016
Avg Loan Amount
7.18%
Avg Interest Rate
$37K
Avg Applicant Income
10.3x
Loan-to-Income Ratio

Nearby Lenders in Buncombe 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 State Employees' Credit Union 594 12.1%
2 Movement Mortgage, LLC 345 7.0%
3 First Ciitizens Bank and Trust 302 6.2%
4 Rocket Mortgage 284 5.8%
5 Hometrust Bank 209 4.3%
Compare State Employees' Credit Union vs Movement Mortgage, LLC →

Frequently Asked Questions

How many mortgage applications were filed in Buncombe County?
In the 2024 HMDA reporting year, 9,351 mortgage applications were filed in Buncombe County, North Carolina. Of these, 4,896 were originated (approved and funded), while 1,686 were denied, resulting in a denial rate of 18.0%.
What is the mortgage denial rate in Buncombe County?
The mortgage denial rate in Buncombe County is 18.0%. The approval (origination) rate is 52.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Buncombe County?
The average mortgage loan amount in Buncombe County is $380,016. The average interest rate is 7.182%. The average applicant income is $37K.
What is the loan-to-income ratio in Buncombe County?
The average loan-to-income ratio in Buncombe County is 10.3x, meaning borrowers took on loans averaging 10.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Buncombe County?
The top mortgage lenders in Buncombe County by origination volume are State Employees' Credit Union, Movement Mortgage, LLC, First Ciitizens Bank and Trust. In total, 320 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.