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2024 data HMDA 2024 disclosure official source

Forsyth County

15,793 mortgage applications, 18.0% denial rate. Verify FIPS 37067 with U.S. Census Bureau →

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North Carolina · FIPS 37067

Local mortgage market. Forsyth County, North Carolina saw 15,793 HMDA-reported mortgage applications in 2024. Lenders originated 8,650 of those loans and denied 2,836, producing a denial rate of 18.0% and an approval (origination) rate of 54.8%. The average loan amount was $247,720 at an average note rate of 6.93%, with applicants self-reporting average annual income of $37K. 371 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.7x, meaning typical borrowers took on mortgages of about 6.7 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 37067 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

15,793
Applications
8,650
Originated
18.0%
Denial Rate
54.8%
Approval Rate
$247,720
Avg Loan Amount
6.93%
Avg Interest Rate
$37K
Avg Applicant Income
6.7x
Loan-to-Income Ratio

Nearby Lenders in Forsyth 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 821 9.5%
2 Rocket Mortgage 579 6.7%
3 Allegacy Federal Credit Union 577 6.7%
4 Truliant Federal Credit Union 543 6.3%
5 Atlantic Bay Mortgage Group 314 3.6%
Compare State Employees' Credit Union vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Forsyth County?
In the 2024 HMDA reporting year, 15,793 mortgage applications were filed in Forsyth County, North Carolina. Of these, 8,650 were originated (approved and funded), while 2,836 were denied, resulting in a denial rate of 18.0%.
What is the mortgage denial rate in Forsyth County?
The mortgage denial rate in Forsyth County is 18.0%. The approval (origination) rate is 54.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Forsyth County?
The average mortgage loan amount in Forsyth County is $247,720. The average interest rate is 6.934%. The average applicant income is $37K.
What is the loan-to-income ratio in Forsyth County?
The average loan-to-income ratio in Forsyth County is 6.7x, meaning borrowers took on loans averaging 6.7 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Forsyth County?
The top mortgage lenders in Forsyth County by origination volume are State Employees' Credit Union, Rocket Mortgage, Allegacy Federal Credit Union. In total, 371 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.