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2024 data HMDA 2024 disclosure official source

Lake County

166 mortgage applications, 28.9% denial rate. Verify FIPS 47095 with U.S. Census Bureau →

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Tennessee · FIPS 47095

Local mortgage market. Lake County, Tennessee saw 166 HMDA-reported mortgage applications in 2024. Lenders originated 75 of those loans and denied 48, producing a denial rate of 28.9% and an approval (origination) rate of 45.2%. The average loan amount was $97,711 at an average note rate of 7.00%, with applicants self-reporting average annual income of $36K. 19 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 2.7x, meaning typical borrowers took on mortgages of about 2.7 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 47095 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

166
Applications
75
Originated
28.9%
Denial Rate
45.2%
Approval Rate
$97,711
Avg Loan Amount
7.00%
Avg Interest Rate
$36K
Avg Applicant Income
2.7x
Loan-to-Income Ratio

Nearby Lenders in Lake 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 Leaders Credit Union 17 22.7%
2 First Citizens National Bank 11 14.7%
3 Cadence Bank 10 13.3%
4 Regions Bank 7 9.3%
5 Rocket Mortgage 6 8.0%
Compare Leaders Credit Union vs First Citizens National Bank →

Frequently Asked Questions

How many mortgage applications were filed in Lake County?
In the 2024 HMDA reporting year, 166 mortgage applications were filed in Lake County, Tennessee. Of these, 75 were originated (approved and funded), while 48 were denied, resulting in a denial rate of 28.9%.
What is the mortgage denial rate in Lake County?
The mortgage denial rate in Lake County is 28.9%. The approval (origination) rate is 45.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Lake County?
The average mortgage loan amount in Lake County is $97,711. The average interest rate is 6.995%. The average applicant income is $36K.
What is the loan-to-income ratio in Lake County?
The average loan-to-income ratio in Lake County is 2.7x, meaning borrowers took on loans averaging 2.7 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Lake County?
The top mortgage lenders in Lake County by origination volume are Leaders Credit Union, First Citizens National Bank, Cadence Bank. In total, 19 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.