PlainLender
2024 data HMDA 2024 disclosure official source

Cleveland County

4,369 mortgage applications, 22.0% denial rate. Verify FIPS 37045 with U.S. Census Bureau →

PlainLender home → About this data

North Carolina · FIPS 37045

Local mortgage market. Cleveland County, North Carolina saw 4,369 HMDA-reported mortgage applications in 2024. Lenders originated 2,107 of those loans and denied 960, producing a denial rate of 22.0% and an approval (origination) rate of 48.2%. The average loan amount was $182,393 at an average note rate of 7.11%, with applicants self-reporting average annual income of $38K. 208 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.8x, meaning typical borrowers took on mortgages of about 4.8 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 37045 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

4,369
Applications
2,107
Originated
22.0%
Denial Rate
48.2%
Approval Rate
$182,393
Avg Loan Amount
7.11%
Avg Interest Rate
$38K
Avg Applicant Income
4.8x
Loan-to-Income Ratio

Nearby Lenders in Cleveland 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 338 16.0%
2 Rocket Mortgage 158 7.5%
3 Truliant Federal Credit Union 117 5.6%
4 United Wholesale Mortgage 91 4.3%
5 Movement Mortgage, LLC 69 3.3%
Compare State Employees' Credit Union vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Cleveland County?
In the 2024 HMDA reporting year, 4,369 mortgage applications were filed in Cleveland County, North Carolina. Of these, 2,107 were originated (approved and funded), while 960 were denied, resulting in a denial rate of 22.0%.
What is the mortgage denial rate in Cleveland County?
The mortgage denial rate in Cleveland County is 22.0%. The approval (origination) rate is 48.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Cleveland County?
The average mortgage loan amount in Cleveland County is $182,393. The average interest rate is 7.112%. The average applicant income is $38K.
What is the loan-to-income ratio in Cleveland County?
The average loan-to-income ratio in Cleveland County is 4.8x, meaning borrowers took on loans averaging 4.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Cleveland County?
The top mortgage lenders in Cleveland County by origination volume are State Employees' Credit Union, Rocket Mortgage, Truliant Federal Credit Union. In total, 208 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.