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2024 data HMDA 2024 disclosure official source

Philadelphia County

48,314 mortgage applications, 22.2% denial rate. Verify FIPS 42101 with U.S. Census Bureau →

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Pennsylvania · FIPS 42101

Local mortgage market. Philadelphia County, Pennsylvania saw 48,314 HMDA-reported mortgage applications in 2024. Lenders originated 22,965 of those loans and denied 10,733, producing a denial rate of 22.2% and an approval (origination) rate of 47.5%. The average loan amount was $246,428 at an average note rate of 7.19%, with applicants self-reporting average annual income of $37K. 490 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.7x, meaning typical borrowers took on mortgages of about 6.7 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 42101 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

48,314
Applications
22,965
Originated
22.2%
Denial Rate
47.5%
Approval Rate
$246,428
Avg Loan Amount
7.19%
Avg Interest Rate
$37K
Avg Applicant Income
6.7x
Loan-to-Income Ratio

Nearby Lenders in Philadelphia 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 Police and Fire Federal Credit Union 1,680 7.3%
2 Crosscountry Mortgage, LLC 1,276 5.6%
3 Rocket Mortgage 1,131 4.9%
4 CBNA Year to Date 953 4.1%
5 Guaranteed Rate, INC. 936 4.1%
Compare Police and Fire Federal Credit Union vs Crosscountry Mortgage, LLC →

Frequently Asked Questions

How many mortgage applications were filed in Philadelphia County?
In the 2024 HMDA reporting year, 48,314 mortgage applications were filed in Philadelphia County, Pennsylvania. Of these, 22,965 were originated (approved and funded), while 10,733 were denied, resulting in a denial rate of 22.2%.
What is the mortgage denial rate in Philadelphia County?
The mortgage denial rate in Philadelphia County is 22.2%. The approval (origination) rate is 47.5%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Philadelphia County?
The average mortgage loan amount in Philadelphia County is $246,428. The average interest rate is 7.191%. The average applicant income is $37K.
What is the loan-to-income ratio in Philadelphia County?
The average loan-to-income ratio in Philadelphia County is 6.7x, meaning borrowers took on loans averaging 6.7 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Philadelphia County?
The top mortgage lenders in Philadelphia County by origination volume are Police and Fire Federal Credit Union, Crosscountry Mortgage, LLC, Rocket Mortgage. In total, 490 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.