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2024 data HMDA 2024 disclosure official source

Yancey County

589 mortgage applications, 21.7% denial rate. Verify FIPS 37199 with U.S. Census Bureau →

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North Carolina · FIPS 37199

Local mortgage market. Yancey County, North Carolina saw 589 HMDA-reported mortgage applications in 2024. Lenders originated 274 of those loans and denied 128, producing a denial rate of 21.7% and an approval (origination) rate of 46.5%. The average loan amount was $236,986 at an average note rate of 7.20%, with applicants self-reporting average annual income of $36K. 81 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.6x, meaning typical borrowers took on mortgages of about 6.6 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 37199 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

589
Applications
274
Originated
21.7%
Denial Rate
46.5%
Approval Rate
$236,986
Avg Loan Amount
7.20%
Avg Interest Rate
$36K
Avg Applicant Income
6.6x
Loan-to-Income Ratio

Nearby Lenders in Yancey 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 43 15.7%
2 United Community Bank 38 13.9%
3 Rocket Mortgage 25 9.1%
4 Movement Mortgage, LLC 10 3.6%
5 United Wholesale Mortgage 10 3.6%
Compare State Employees' Credit Union vs United Community Bank →

Frequently Asked Questions

How many mortgage applications were filed in Yancey County?
In the 2024 HMDA reporting year, 589 mortgage applications were filed in Yancey County, North Carolina. Of these, 274 were originated (approved and funded), while 128 were denied, resulting in a denial rate of 21.7%.
What is the mortgage denial rate in Yancey County?
The mortgage denial rate in Yancey County is 21.7%. The approval (origination) rate is 46.5%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Yancey County?
The average mortgage loan amount in Yancey County is $236,986. The average interest rate is 7.201%. The average applicant income is $36K.
What is the loan-to-income ratio in Yancey County?
The average loan-to-income ratio in Yancey County is 6.6x, meaning borrowers took on loans averaging 6.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Yancey County?
The top mortgage lenders in Yancey 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.