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2024 data HMDA 2024 disclosure official source

Mitchell County

526 mortgage applications, 24.1% denial rate. Verify FIPS 37121 with U.S. Census Bureau →

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North Carolina · FIPS 37121

Local mortgage market. Mitchell County, North Carolina saw 526 HMDA-reported mortgage applications in 2024. Lenders originated 233 of those loans and denied 127, producing a denial rate of 24.1% and an approval (origination) rate of 44.3%. The average loan amount was $181,787 at an average note rate of 7.12%, with applicants self-reporting average annual income of $36K. 58 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.0x, meaning typical borrowers took on mortgages of about 5.0 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 37121 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

526
Applications
233
Originated
24.1%
Denial Rate
44.3%
Approval Rate
$181,787
Avg Loan Amount
7.12%
Avg Interest Rate
$36K
Avg Applicant Income
5.0x
Loan-to-Income Ratio

Nearby Lenders in Mitchell 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 United Community Bank 60 25.8%
2 State Employees' Credit Union 45 19.3%
3 United Wholesale Mortgage 17 7.3%
4 Rocket Mortgage 8 3.4%
5 Movement Mortgage, LLC 7 3.0%
Compare United Community Bank vs State Employees' Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Mitchell County?
In the 2024 HMDA reporting year, 526 mortgage applications were filed in Mitchell County, North Carolina. Of these, 233 were originated (approved and funded), while 127 were denied, resulting in a denial rate of 24.1%.
What is the mortgage denial rate in Mitchell County?
The mortgage denial rate in Mitchell County is 24.1%. The approval (origination) rate is 44.3%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Mitchell County?
The average mortgage loan amount in Mitchell County is $181,787. The average interest rate is 7.116%. The average applicant income is $36K.
What is the loan-to-income ratio in Mitchell County?
The average loan-to-income ratio in Mitchell County is 5.0x, meaning borrowers took on loans averaging 5.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Mitchell County?
The top mortgage lenders in Mitchell County by origination volume are United Community Bank, State Employees' Credit Union, United Wholesale Mortgage. In total, 58 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.