PlainLender
2024 data HMDA 2024 disclosure official source

Swain County

522 mortgage applications, 22.6% denial rate. Verify FIPS 37173 with U.S. Census Bureau →

PlainLender home → About this data

North Carolina · FIPS 37173

Local mortgage market. Swain County, North Carolina saw 522 HMDA-reported mortgage applications in 2024. Lenders originated 263 of those loans and denied 118, producing a denial rate of 22.6% and an approval (origination) rate of 50.4%. The average loan amount was $256,015 at an average note rate of 7.09%, with applicants self-reporting average annual income of $37K. 81 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.9x, meaning typical borrowers took on mortgages of about 6.9 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 37173 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

522
Applications
263
Originated
22.6%
Denial Rate
50.4%
Approval Rate
$256,015
Avg Loan Amount
7.09%
Avg Interest Rate
$37K
Avg Applicant Income
6.9x
Loan-to-Income Ratio

Nearby Lenders in Swain 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 44 16.7%
2 United Community Bank 27 10.3%
3 Rocket Mortgage 24 9.1%
4 United Wholesale Mortgage 12 4.6%
5 Movement Mortgage, LLC 10 3.8%
Compare State Employees' Credit Union vs United Community Bank →

Frequently Asked Questions

How many mortgage applications were filed in Swain County?
In the 2024 HMDA reporting year, 522 mortgage applications were filed in Swain County, North Carolina. Of these, 263 were originated (approved and funded), while 118 were denied, resulting in a denial rate of 22.6%.
What is the mortgage denial rate in Swain County?
The mortgage denial rate in Swain County is 22.6%. The approval (origination) rate is 50.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Swain County?
The average mortgage loan amount in Swain County is $256,015. The average interest rate is 7.086%. The average applicant income is $37K.
What is the loan-to-income ratio in Swain County?
The average loan-to-income ratio in Swain County is 6.9x, meaning borrowers took on loans averaging 6.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Swain County?
The top mortgage lenders in Swain County by origination volume are State Employees' Credit Union, United Community Bank, Rocket Mortgage. In total, 81 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.