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2024 data HMDA 2024 disclosure official source

Davidson County

8,527 mortgage applications, 17.9% denial rate. Verify FIPS 37057 with U.S. Census Bureau →

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North Carolina · FIPS 37057

Local mortgage market. Davidson County, North Carolina saw 8,527 HMDA-reported mortgage applications in 2024. Lenders originated 4,647 of those loans and denied 1,522, producing a denial rate of 17.9% and an approval (origination) rate of 54.5%. The average loan amount was $199,015 at an average note rate of 6.88%, with applicants self-reporting average annual income of $37K. 266 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.4x, meaning typical borrowers took on mortgages of about 5.4 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 37057 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

8,527
Applications
4,647
Originated
17.9%
Denial Rate
54.5%
Approval Rate
$199,015
Avg Loan Amount
6.88%
Avg Interest Rate
$37K
Avg Applicant Income
5.4x
Loan-to-Income Ratio

Nearby Lenders in Davidson 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 520 11.2%
2 Atlantic Bay Mortgage Group 383 8.2%
3 Rocket Mortgage 270 5.8%
4 Truliant Federal Credit Union 263 5.7%
5 First National Bank of PA 227 4.9%
Compare State Employees' Credit Union vs Atlantic Bay Mortgage Group →

Frequently Asked Questions

How many mortgage applications were filed in Davidson County?
In the 2024 HMDA reporting year, 8,527 mortgage applications were filed in Davidson County, North Carolina. Of these, 4,647 were originated (approved and funded), while 1,522 were denied, resulting in a denial rate of 17.9%.
What is the mortgage denial rate in Davidson County?
The mortgage denial rate in Davidson County is 17.9%. The approval (origination) rate is 54.5%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Davidson County?
The average mortgage loan amount in Davidson County is $199,015. The average interest rate is 6.875%. The average applicant income is $37K.
What is the loan-to-income ratio in Davidson County?
The average loan-to-income ratio in Davidson County is 5.4x, meaning borrowers took on loans averaging 5.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Davidson County?
The top mortgage lenders in Davidson County by origination volume are State Employees' Credit Union, Atlantic Bay Mortgage Group, Rocket Mortgage. In total, 266 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.