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2024 data HMDA 2024 disclosure official source

Martin County

646 mortgage applications, 25.5% denial rate. Verify FIPS 37117 with U.S. Census Bureau →

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North Carolina · FIPS 37117

Local mortgage market. Martin County, North Carolina saw 646 HMDA-reported mortgage applications in 2024. Lenders originated 262 of those loans and denied 165, producing a denial rate of 25.5% and an approval (origination) rate of 40.6%. The average loan amount was $133,916 at an average note rate of 7.25%, with applicants self-reporting average annual income of $37K. 67 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.6x, meaning typical borrowers took on mortgages of about 3.6 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 37117 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

646
Applications
262
Originated
25.5%
Denial Rate
40.6%
Approval Rate
$133,916
Avg Loan Amount
7.25%
Avg Interest Rate
$37K
Avg Applicant Income
3.6x
Loan-to-Income Ratio

Nearby Lenders in Martin 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 48 18.3%
2 Vanderbilt Mortgage and Finance, INC 24 9.2%
3 Truist Bank 22 8.4%
4 Atlantic Bay Mortgage Group 16 6.1%
5 Southern Bank and Trust Company 14 5.3%
Compare State Employees' Credit Union vs Vanderbilt Mortgage and Finance, INC →

Frequently Asked Questions

How many mortgage applications were filed in Martin County?
In the 2024 HMDA reporting year, 646 mortgage applications were filed in Martin County, North Carolina. Of these, 262 were originated (approved and funded), while 165 were denied, resulting in a denial rate of 25.5%.
What is the mortgage denial rate in Martin County?
The mortgage denial rate in Martin County is 25.5%. The approval (origination) rate is 40.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Martin County?
The average mortgage loan amount in Martin County is $133,916. The average interest rate is 7.247%. The average applicant income is $37K.
What is the loan-to-income ratio in Martin County?
The average loan-to-income ratio in Martin County is 3.6x, meaning borrowers took on loans averaging 3.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Martin County?
The top mortgage lenders in Martin County by origination volume are State Employees' Credit Union, Vanderbilt Mortgage and Finance, INC, Truist Bank. In total, 67 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.