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2024 data HMDA 2024 disclosure official source

Bedford County

2,320 mortgage applications, 14.1% denial rate. Verify FIPS 47003 with U.S. Census Bureau →

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Tennessee · FIPS 47003

Local mortgage market. Bedford County, Tennessee saw 2,320 HMDA-reported mortgage applications in 2024. Lenders originated 1,224 of those loans and denied 327, producing a denial rate of 14.1% and an approval (origination) rate of 52.8%. The average loan amount was $257,991 at an average note rate of 7.14%, with applicants self-reporting average annual income of $39K. 171 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 47003 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,320
Applications
1,224
Originated
14.1%
Denial Rate
52.8%
Approval Rate
$257,991
Avg Loan Amount
7.14%
Avg Interest Rate
$39K
Avg Applicant Income
6.6x
Loan-to-Income Ratio

Nearby Lenders in Bedford 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 Community Mortgage 177 14.5%
2 Rocket Mortgage 94 7.7%
3 Cmg Mortgage INC 78 6.4%
4 Ascend Federal Credit Union 78 6.4%
5 FIRSTBANK 63 5.1%
Compare First Community Mortgage vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Bedford County?
In the 2024 HMDA reporting year, 2,320 mortgage applications were filed in Bedford County, Tennessee. Of these, 1,224 were originated (approved and funded), while 327 were denied, resulting in a denial rate of 14.1%.
What is the mortgage denial rate in Bedford County?
The mortgage denial rate in Bedford County is 14.1%. The approval (origination) rate is 52.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Bedford County?
The average mortgage loan amount in Bedford County is $257,991. The average interest rate is 7.138%. The average applicant income is $39K.
What is the loan-to-income ratio in Bedford County?
The average loan-to-income ratio in Bedford 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 Bedford County?
The top mortgage lenders in Bedford County by origination volume are First Community Mortgage, Rocket Mortgage, Cmg Mortgage INC. In total, 171 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.