PlainLender
2024 data HMDA 2024 disclosure official source

Washington County

285 mortgage applications, 24.9% denial rate. Verify FIPS 37187 with U.S. Census Bureau →

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North Carolina · FIPS 37187

Local mortgage market. Washington County, North Carolina saw 285 HMDA-reported mortgage applications in 2024. Lenders originated 129 of those loans and denied 71, producing a denial rate of 24.9% and an approval (origination) rate of 45.3%. The average loan amount was $127,140 at an average note rate of 6.96%, with applicants self-reporting average annual income of $36K. 54 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.5x, meaning typical borrowers took on mortgages of about 3.5 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 37187 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

285
Applications
129
Originated
24.9%
Denial Rate
45.3%
Approval Rate
$127,140
Avg Loan Amount
6.96%
Avg Interest Rate
$36K
Avg Applicant Income
3.5x
Loan-to-Income Ratio

Nearby Lenders in Washington 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 26 20.2%
2 Rocket Mortgage 17 13.2%
3 Southern Bank and Trust Company 8 6.2%
4 Weyco Community Credit Union 7 5.4%
5 Mortgage Research Center 6 4.7%
Compare State Employees' Credit Union vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Washington County?
In the 2024 HMDA reporting year, 285 mortgage applications were filed in Washington County, North Carolina. Of these, 129 were originated (approved and funded), while 71 were denied, resulting in a denial rate of 24.9%.
What is the mortgage denial rate in Washington County?
The mortgage denial rate in Washington County is 24.9%. The approval (origination) rate is 45.3%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Washington County?
The average mortgage loan amount in Washington County is $127,140. The average interest rate is 6.963%. The average applicant income is $36K.
What is the loan-to-income ratio in Washington County?
The average loan-to-income ratio in Washington County is 3.5x, meaning borrowers took on loans averaging 3.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Washington County?
The top mortgage lenders in Washington County by origination volume are State Employees' Credit Union, Rocket Mortgage, Southern Bank and Trust Company. In total, 54 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.