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2024 data HMDA 2024 disclosure official source

Erie County

7,360 mortgage applications, 20.1% denial rate. Verify FIPS 42049 with U.S. Census Bureau →

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Pennsylvania · FIPS 42049

Local mortgage market. Erie County, Pennsylvania saw 7,360 HMDA-reported mortgage applications in 2024. Lenders originated 4,326 of those loans and denied 1,481, producing a denial rate of 20.1% and an approval (origination) rate of 58.8%. The average loan amount was $138,490 at an average note rate of 7.14%, with applicants self-reporting average annual income of $36K. 191 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.8x, meaning typical borrowers took on mortgages of about 3.8 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 42049 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

7,360
Applications
4,326
Originated
20.1%
Denial Rate
58.8%
Approval Rate
$138,490
Avg Loan Amount
7.14%
Avg Interest Rate
$36K
Avg Applicant Income
3.8x
Loan-to-Income Ratio

Nearby Lenders in Erie 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 Marquette Savings Bank 549 12.7%
2 Erie Federal Credit Union 381 8.8%
3 United Wholesale Mortgage 316 7.3%
4 Northwest Bank 309 7.1%
5 Pnc Bank N.A. 259 6.0%
Compare Marquette Savings Bank vs Erie Federal Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Erie County?
In the 2024 HMDA reporting year, 7,360 mortgage applications were filed in Erie County, Pennsylvania. Of these, 4,326 were originated (approved and funded), while 1,481 were denied, resulting in a denial rate of 20.1%.
What is the mortgage denial rate in Erie County?
The mortgage denial rate in Erie County is 20.1%. The approval (origination) rate is 58.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Erie County?
The average mortgage loan amount in Erie County is $138,490. The average interest rate is 7.139%. The average applicant income is $36K.
What is the loan-to-income ratio in Erie County?
The average loan-to-income ratio in Erie County is 3.8x, meaning borrowers took on loans averaging 3.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Erie County?
The top mortgage lenders in Erie County by origination volume are Marquette Savings Bank, Erie Federal Credit Union, United Wholesale Mortgage. In total, 191 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.