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2024 data HMDA 2024 disclosure official source

Madison County

4,001 mortgage applications, 17.7% denial rate. Verify FIPS 47113 with U.S. Census Bureau →

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Tennessee · FIPS 47113

Local mortgage market. Madison County, Tennessee saw 4,001 HMDA-reported mortgage applications in 2024. Lenders originated 2,042 of those loans and denied 709, producing a denial rate of 17.7% and an approval (origination) rate of 51.0%. The average loan amount was $194,985 at an average note rate of 7.19%, with applicants self-reporting average annual income of $37K. 202 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.3x, meaning typical borrowers took on mortgages of about 5.3 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 47113 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

4,001
Applications
2,042
Originated
17.7%
Denial Rate
51.0%
Approval Rate
$194,985
Avg Loan Amount
7.19%
Avg Interest Rate
$37K
Avg Applicant Income
5.3x
Loan-to-Income Ratio

Nearby Lenders in Madison 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 413 20.2%
2 Regions Bank 137 6.7%
3 Cadence Bank 122 6.0%
4 Rocket Mortgage 110 5.4%
5 Commercial Bank & Trust Company 83 4.1%
Compare Leaders Credit Union vs Regions Bank →

Frequently Asked Questions

How many mortgage applications were filed in Madison County?
In the 2024 HMDA reporting year, 4,001 mortgage applications were filed in Madison County, Tennessee. Of these, 2,042 were originated (approved and funded), while 709 were denied, resulting in a denial rate of 17.7%.
What is the mortgage denial rate in Madison County?
The mortgage denial rate in Madison County is 17.7%. The approval (origination) rate is 51.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Madison County?
The average mortgage loan amount in Madison County is $194,985. The average interest rate is 7.189%. The average applicant income is $37K.
What is the loan-to-income ratio in Madison County?
The average loan-to-income ratio in Madison County is 5.3x, meaning borrowers took on loans averaging 5.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Madison County?
The top mortgage lenders in Madison County by origination volume are Leaders Credit Union, Regions Bank, Cadence Bank. In total, 202 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.