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2024 data HMDA 2024 disclosure official source

Wake County

55,169 mortgage applications, 13.9% denial rate. Verify FIPS 37183 with U.S. Census Bureau →

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North Carolina · FIPS 37183

Local mortgage market. Wake County, North Carolina saw 55,169 HMDA-reported mortgage applications in 2024. Lenders originated 29,958 of those loans and denied 7,655, producing a denial rate of 13.9% and an approval (origination) rate of 54.3%. The average loan amount was $372,076 at an average note rate of 6.97%, with applicants self-reporting average annual income of $37K. 588 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 10.1x, meaning typical borrowers took on mortgages of about 10.1 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 37183 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

55,169
Applications
29,958
Originated
13.9%
Denial Rate
54.3%
Approval Rate
$372,076
Avg Loan Amount
6.97%
Avg Interest Rate
$37K
Avg Applicant Income
10.1x
Loan-to-Income Ratio

Nearby Lenders in Wake 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 3,424 11.4%
2 Coastal Federal Credit Union 1,594 5.3%
3 Lennar Mortgage, LLC 1,560 5.2%
4 Rocket Mortgage 1,541 5.1%
5 United Wholesale Mortgage 1,449 4.8%
Compare State Employees' Credit Union vs Coastal Federal Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Wake County?
In the 2024 HMDA reporting year, 55,169 mortgage applications were filed in Wake County, North Carolina. Of these, 29,958 were originated (approved and funded), while 7,655 were denied, resulting in a denial rate of 13.9%.
What is the mortgage denial rate in Wake County?
The mortgage denial rate in Wake County is 13.9%. The approval (origination) rate is 54.3%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Wake County?
The average mortgage loan amount in Wake County is $372,076. The average interest rate is 6.966%. The average applicant income is $37K.
What is the loan-to-income ratio in Wake County?
The average loan-to-income ratio in Wake County is 10.1x, meaning borrowers took on loans averaging 10.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Wake County?
The top mortgage lenders in Wake County by origination volume are State Employees' Credit Union, Coastal Federal Credit Union, Lennar Mortgage, LLC. In total, 588 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.