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2024 data HMDA 2024 disclosure official source

Gaston County

12,472 mortgage applications, 17.3% denial rate. Verify FIPS 37071 with U.S. Census Bureau →

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North Carolina · FIPS 37071

Local mortgage market. Gaston County, North Carolina saw 12,472 HMDA-reported mortgage applications in 2024. Lenders originated 6,456 of those loans and denied 2,156, producing a denial rate of 17.3% and an approval (origination) rate of 51.8%. The average loan amount was $244,343 at an average note rate of 7.00%, with applicants self-reporting average annual income of $38K. 358 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.4x, meaning typical borrowers took on mortgages of about 6.4 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 37071 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

12,472
Applications
6,456
Originated
17.3%
Denial Rate
51.8%
Approval Rate
$244,343
Avg Loan Amount
7.00%
Avg Interest Rate
$38K
Avg Applicant Income
6.4x
Loan-to-Income Ratio

Nearby Lenders in Gaston 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 Rocket Mortgage 488 7.6%
2 State Employees' Credit Union 482 7.5%
3 United Wholesale Mortgage 340 5.3%
4 DHI Mortgage Company, LTD. 272 4.2%
5 Movement Mortgage, LLC 268 4.2%
Compare Rocket Mortgage vs State Employees' Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Gaston County?
In the 2024 HMDA reporting year, 12,472 mortgage applications were filed in Gaston County, North Carolina. Of these, 6,456 were originated (approved and funded), while 2,156 were denied, resulting in a denial rate of 17.3%.
What is the mortgage denial rate in Gaston County?
The mortgage denial rate in Gaston County is 17.3%. The approval (origination) rate is 51.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Gaston County?
The average mortgage loan amount in Gaston County is $244,343. The average interest rate is 6.997%. The average applicant income is $38K.
What is the loan-to-income ratio in Gaston County?
The average loan-to-income ratio in Gaston County is 6.4x, meaning borrowers took on loans averaging 6.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Gaston County?
The top mortgage lenders in Gaston County by origination volume are Rocket Mortgage, State Employees' Credit Union, United Wholesale Mortgage. In total, 358 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.