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2024 data HMDA 2024 disclosure official source

Coffee County

2,500 mortgage applications, 14.1% denial rate. Verify FIPS 47031 with U.S. Census Bureau →

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Tennessee · FIPS 47031

Local mortgage market. Coffee County, Tennessee saw 2,500 HMDA-reported mortgage applications in 2024. Lenders originated 1,324 of those loans and denied 352, producing a denial rate of 14.1% and an approval (origination) rate of 53.0%. The average loan amount was $230,068 at an average note rate of 7.14%, with applicants self-reporting average annual income of $38K. 161 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.1x, meaning typical borrowers took on mortgages of about 6.1 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 47031 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,500
Applications
1,324
Originated
14.1%
Denial Rate
53.0%
Approval Rate
$230,068
Avg Loan Amount
7.14%
Avg Interest Rate
$38K
Avg Applicant Income
6.1x
Loan-to-Income Ratio

Nearby Lenders in Coffee 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 Ascend Federal Credit Union 153 11.6%
2 Rocket Mortgage 115 8.7%
3 Cmg Mortgage INC 111 8.4%
4 FIRSTBANK 75 5.7%
5 First Community Mortgage 70 5.3%
Compare Ascend Federal Credit Union vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Coffee County?
In the 2024 HMDA reporting year, 2,500 mortgage applications were filed in Coffee County, Tennessee. Of these, 1,324 were originated (approved and funded), while 352 were denied, resulting in a denial rate of 14.1%.
What is the mortgage denial rate in Coffee County?
The mortgage denial rate in Coffee County is 14.1%. The approval (origination) rate is 53.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Coffee County?
The average mortgage loan amount in Coffee County is $230,068. The average interest rate is 7.139%. The average applicant income is $38K.
What is the loan-to-income ratio in Coffee County?
The average loan-to-income ratio in Coffee County is 6.1x, meaning borrowers took on loans averaging 6.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Coffee County?
The top mortgage lenders in Coffee County by origination volume are Ascend Federal Credit Union, Rocket Mortgage, Cmg Mortgage INC. In total, 161 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.