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2024 data HMDA 2024 disclosure official source

Dare County

2,815 mortgage applications, 16.1% denial rate. Verify FIPS 37055 with U.S. Census Bureau →

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North Carolina · FIPS 37055

Local mortgage market. Dare County, North Carolina saw 2,815 HMDA-reported mortgage applications in 2024. Lenders originated 1,527 of those loans and denied 454, producing a denial rate of 16.1% and an approval (origination) rate of 54.2%. The average loan amount was $389,252 at an average note rate of 7.33%, with applicants self-reporting average annual income of $38K. 218 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 10.2x, meaning typical borrowers took on mortgages of about 10.2 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 37055 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,815
Applications
1,527
Originated
16.1%
Denial Rate
54.2%
Approval Rate
$389,252
Avg Loan Amount
7.33%
Avg Interest Rate
$38K
Avg Applicant Income
10.2x
Loan-to-Income Ratio

Nearby Lenders in Dare 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 153 10.0%
2 TowneBank 120 7.9%
3 Southern Bank and Trust Company 101 6.6%
4 Rocket Mortgage 93 6.1%
5 Southern Trust Mortgage, LLC 65 4.3%
Compare State Employees' Credit Union vs TowneBank →

Frequently Asked Questions

How many mortgage applications were filed in Dare County?
In the 2024 HMDA reporting year, 2,815 mortgage applications were filed in Dare County, North Carolina. Of these, 1,527 were originated (approved and funded), while 454 were denied, resulting in a denial rate of 16.1%.
What is the mortgage denial rate in Dare County?
The mortgage denial rate in Dare County is 16.1%. The approval (origination) rate is 54.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Dare County?
The average mortgage loan amount in Dare County is $389,252. The average interest rate is 7.331%. The average applicant income is $38K.
What is the loan-to-income ratio in Dare County?
The average loan-to-income ratio in Dare County is 10.2x, meaning borrowers took on loans averaging 10.2 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Dare County?
The top mortgage lenders in Dare County by origination volume are State Employees' Credit Union, TowneBank, Southern Bank and Trust Company. In total, 218 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.