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2024 data HMDA 2024 disclosure official source

Surry County

2,375 mortgage applications, 19.1% denial rate. Verify FIPS 37171 with U.S. Census Bureau →

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North Carolina · FIPS 37171

Local mortgage market. Surry County, North Carolina saw 2,375 HMDA-reported mortgage applications in 2024. Lenders originated 1,262 of those loans and denied 453, producing a denial rate of 19.1% and an approval (origination) rate of 53.1%. The average loan amount was $173,400 at an average note rate of 6.95%, with applicants self-reporting average annual income of $36K. 152 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.8x, meaning typical borrowers took on mortgages of about 4.8 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 37171 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,375
Applications
1,262
Originated
19.1%
Denial Rate
53.1%
Approval Rate
$173,400
Avg Loan Amount
6.95%
Avg Interest Rate
$36K
Avg Applicant Income
4.8x
Loan-to-Income Ratio

Nearby Lenders in Surry 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 253 20.0%
2 Rocket Mortgage 100 7.9%
3 Atlantic Bay Mortgage Group 85 6.7%
4 Allegacy Federal Credit Union 68 5.4%
5 EMM Loans LLC 47 3.7%
Compare State Employees' Credit Union vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Surry County?
In the 2024 HMDA reporting year, 2,375 mortgage applications were filed in Surry County, North Carolina. Of these, 1,262 were originated (approved and funded), while 453 were denied, resulting in a denial rate of 19.1%.
What is the mortgage denial rate in Surry County?
The mortgage denial rate in Surry County is 19.1%. The approval (origination) rate is 53.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Surry County?
The average mortgage loan amount in Surry County is $173,400. The average interest rate is 6.948%. The average applicant income is $36K.
What is the loan-to-income ratio in Surry County?
The average loan-to-income ratio in Surry County is 4.8x, meaning borrowers took on loans averaging 4.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Surry County?
The top mortgage lenders in Surry County by origination volume are State Employees' Credit Union, Rocket Mortgage, Atlantic Bay Mortgage Group. In total, 152 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.