PlainLender
2024 data HMDA 2024 disclosure official source

Cumberland County

17,212 mortgage applications, 16.4% denial rate. Verify FIPS 37051 with U.S. Census Bureau →

PlainLender home → About this data

North Carolina · FIPS 37051

Local mortgage market. Cumberland County, North Carolina saw 17,212 HMDA-reported mortgage applications in 2024. Lenders originated 8,216 of those loans and denied 2,817, producing a denial rate of 16.4% and an approval (origination) rate of 47.7%. The average loan amount was $223,032 at an average note rate of 6.77%, with applicants self-reporting average annual income of $39K. 334 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.7x, meaning typical borrowers took on mortgages of about 5.7 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 37051 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

17,212
Applications
8,216
Originated
16.4%
Denial Rate
47.7%
Approval Rate
$223,032
Avg Loan Amount
6.77%
Avg Interest Rate
$39K
Avg Applicant Income
5.7x
Loan-to-Income Ratio

Nearby Lenders in Cumberland 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 Mortgage Research Center 720 8.8%
2 United Wholesale Mortgage 547 6.7%
3 Rocket Mortgage 515 6.3%
4 Freedom Mortgage Corporation 406 4.9%
5 Navy Federal Credit Union 396 4.8%
Compare Mortgage Research Center vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Cumberland County?
In the 2024 HMDA reporting year, 17,212 mortgage applications were filed in Cumberland County, North Carolina. Of these, 8,216 were originated (approved and funded), while 2,817 were denied, resulting in a denial rate of 16.4%.
What is the mortgage denial rate in Cumberland County?
The mortgage denial rate in Cumberland County is 16.4%. The approval (origination) rate is 47.7%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Cumberland County?
The average mortgage loan amount in Cumberland County is $223,032. The average interest rate is 6.774%. The average applicant income is $39K.
What is the loan-to-income ratio in Cumberland County?
The average loan-to-income ratio in Cumberland County is 5.7x, meaning borrowers took on loans averaging 5.7 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Cumberland County?
The top mortgage lenders in Cumberland County by origination volume are Mortgage Research Center, United Wholesale Mortgage, Rocket Mortgage. In total, 334 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.