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2024 data HMDA 2024 disclosure official source

Carteret County

4,017 mortgage applications, 15.4% denial rate. Verify FIPS 37031 with U.S. Census Bureau →

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North Carolina · FIPS 37031

Local mortgage market. Carteret County, North Carolina saw 4,017 HMDA-reported mortgage applications in 2024. Lenders originated 2,176 of those loans and denied 620, producing a denial rate of 15.4% and an approval (origination) rate of 54.2%. The average loan amount was $319,782 at an average note rate of 7.15%, with applicants self-reporting average annual income of $37K. 234 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 8.6x, meaning typical borrowers took on mortgages of about 8.6 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 37031 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

4,017
Applications
2,176
Originated
15.4%
Denial Rate
54.2%
Approval Rate
$319,782
Avg Loan Amount
7.15%
Avg Interest Rate
$37K
Avg Applicant Income
8.6x
Loan-to-Income Ratio

Nearby Lenders in Carteret 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 313 14.4%
2 First Ciitizens Bank and Trust 186 8.5%
3 Rocket Mortgage 125 5.7%
4 Navy Federal Credit Union 114 5.2%
5 Atlantic Bay Mortgage Group 99 4.5%
Compare State Employees' Credit Union vs First Ciitizens Bank and Trust →

Frequently Asked Questions

How many mortgage applications were filed in Carteret County?
In the 2024 HMDA reporting year, 4,017 mortgage applications were filed in Carteret County, North Carolina. Of these, 2,176 were originated (approved and funded), while 620 were denied, resulting in a denial rate of 15.4%.
What is the mortgage denial rate in Carteret County?
The mortgage denial rate in Carteret County is 15.4%. The approval (origination) rate is 54.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Carteret County?
The average mortgage loan amount in Carteret County is $319,782. The average interest rate is 7.148%. The average applicant income is $37K.
What is the loan-to-income ratio in Carteret County?
The average loan-to-income ratio in Carteret County is 8.6x, meaning borrowers took on loans averaging 8.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Carteret County?
The top mortgage lenders in Carteret County by origination volume are State Employees' Credit Union, First Ciitizens Bank and Trust, Rocket Mortgage. In total, 234 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.