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2024 data HMDA 2024 disclosure official source

Cherokee County

1,910 mortgage applications, 20.8% denial rate. Verify FIPS 45021 with U.S. Census Bureau →

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South Carolina · FIPS 45021

Local mortgage market. Cherokee County, South Carolina saw 1,910 HMDA-reported mortgage applications in 2024. Lenders originated 882 of those loans and denied 398, producing a denial rate of 20.8% and an approval (origination) rate of 46.2%. The average loan amount was $180,204 at an average note rate of 7.10%, with applicants self-reporting average annual income of $37K. 158 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.9x, meaning typical borrowers took on mortgages of about 4.9 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 45021 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,910
Applications
882
Originated
20.8%
Denial Rate
46.2%
Approval Rate
$180,204
Avg Loan Amount
7.10%
Avg Interest Rate
$37K
Avg Applicant Income
4.9x
Loan-to-Income Ratio

Nearby Lenders in Cherokee 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 First Piedmont Federal Sla 93 10.5%
2 Rocket Mortgage 74 8.4%
3 Founders Federal Credit Union 56 6.3%
4 Vanderbilt Mortgage and Finance, INC 38 4.3%
5 United Wholesale Mortgage 37 4.2%
Compare First Piedmont Federal Sla vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Cherokee County?
In the 2024 HMDA reporting year, 1,910 mortgage applications were filed in Cherokee County, South Carolina. Of these, 882 were originated (approved and funded), while 398 were denied, resulting in a denial rate of 20.8%.
What is the mortgage denial rate in Cherokee County?
The mortgage denial rate in Cherokee County is 20.8%. The approval (origination) rate is 46.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Cherokee County?
The average mortgage loan amount in Cherokee County is $180,204. The average interest rate is 7.101%. The average applicant income is $37K.
What is the loan-to-income ratio in Cherokee County?
The average loan-to-income ratio in Cherokee County is 4.9x, meaning borrowers took on loans averaging 4.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Cherokee County?
The top mortgage lenders in Cherokee County by origination volume are First Piedmont Federal Sla, Rocket Mortgage, Founders Federal Credit Union. In total, 158 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.