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2024 data HMDA 2024 disclosure official source

Fayette County

3,528 mortgage applications, 21.6% denial rate. Verify FIPS 42051 with U.S. Census Bureau →

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Pennsylvania · FIPS 42051

Local mortgage market. Fayette County, Pennsylvania saw 3,528 HMDA-reported mortgage applications in 2024. Lenders originated 1,902 of those loans and denied 761, producing a denial rate of 21.6% and an approval (origination) rate of 53.9%. The average loan amount was $120,672 at an average note rate of 7.35%, with applicants self-reporting average annual income of $34K. 167 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 42051 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

3,528
Applications
1,902
Originated
21.6%
Denial Rate
53.9%
Approval Rate
$120,672
Avg Loan Amount
7.35%
Avg Interest Rate
$34K
Avg Applicant Income
3.5x
Loan-to-Income Ratio

Nearby Lenders in Fayette 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 Pnc Bank N.A. 311 16.4%
2 Somerset Trust Company 182 9.6%
3 First Federal Savings and Loan 157 8.3%
4 First National Bank of PA 124 6.5%
5 Rocket Mortgage 117 6.2%
Compare Pnc Bank N.A. vs Somerset Trust Company →

Frequently Asked Questions

How many mortgage applications were filed in Fayette County?
In the 2024 HMDA reporting year, 3,528 mortgage applications were filed in Fayette County, Pennsylvania. Of these, 1,902 were originated (approved and funded), while 761 were denied, resulting in a denial rate of 21.6%.
What is the mortgage denial rate in Fayette County?
The mortgage denial rate in Fayette County is 21.6%. The approval (origination) rate is 53.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Fayette County?
The average mortgage loan amount in Fayette County is $120,672. The average interest rate is 7.352%. The average applicant income is $34K.
What is the loan-to-income ratio in Fayette County?
The average loan-to-income ratio in Fayette 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 Fayette County?
The top mortgage lenders in Fayette County by origination volume are Pnc Bank N.A., Somerset Trust Company, First Federal Savings and Loan. In total, 167 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.