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2024 data HMDA 2024 disclosure official source

Rowan County

6,934 mortgage applications, 18.0% denial rate. Verify FIPS 37159 with U.S. Census Bureau →

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North Carolina · FIPS 37159

Local mortgage market. Rowan County, North Carolina saw 6,934 HMDA-reported mortgage applications in 2024. Lenders originated 3,591 of those loans and denied 1,246, producing a denial rate of 18.0% and an approval (origination) rate of 51.8%. The average loan amount was $208,352 at an average note rate of 7.07%, with applicants self-reporting average annual income of $38K. 277 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.5x, meaning typical borrowers took on mortgages of about 5.5 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 37159 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

6,934
Applications
3,591
Originated
18.0%
Denial Rate
51.8%
Approval Rate
$208,352
Avg Loan Amount
7.07%
Avg Interest Rate
$38K
Avg Applicant Income
5.5x
Loan-to-Income Ratio

Nearby Lenders in Rowan 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 469 13.1%
2 Rocket Mortgage 308 8.6%
3 Fairway Independent Mort CORP 170 4.7%
4 Movement Mortgage, LLC 152 4.2%
5 United Wholesale Mortgage 137 3.8%
Compare State Employees' Credit Union vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Rowan County?
In the 2024 HMDA reporting year, 6,934 mortgage applications were filed in Rowan County, North Carolina. Of these, 3,591 were originated (approved and funded), while 1,246 were denied, resulting in a denial rate of 18.0%.
What is the mortgage denial rate in Rowan County?
The mortgage denial rate in Rowan County is 18.0%. The approval (origination) rate is 51.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Rowan County?
The average mortgage loan amount in Rowan County is $208,352. The average interest rate is 7.069%. The average applicant income is $38K.
What is the loan-to-income ratio in Rowan County?
The average loan-to-income ratio in Rowan County is 5.5x, meaning borrowers took on loans averaging 5.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Rowan County?
The top mortgage lenders in Rowan County by origination volume are State Employees' Credit Union, Rocket Mortgage, Fairway Independent Mort CORP. In total, 277 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.