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2024 data HMDA 2024 disclosure official source

Meigs County

648 mortgage applications, 25.5% denial rate. Verify FIPS 47121 with U.S. Census Bureau →

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Tennessee · FIPS 47121

Local mortgage market. Meigs County, Tennessee saw 648 HMDA-reported mortgage applications in 2024. Lenders originated 280 of those loans and denied 165, producing a denial rate of 25.5% and an approval (origination) rate of 43.2%. The average loan amount was $228,272 at an average note rate of 7.31%, with applicants self-reporting average annual income of $37K. 98 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.2x, meaning typical borrowers took on mortgages of about 6.2 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 47121 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

648
Applications
280
Originated
25.5%
Denial Rate
43.2%
Approval Rate
$228,272
Avg Loan Amount
7.31%
Avg Interest Rate
$37K
Avg Applicant Income
6.2x
Loan-to-Income Ratio

Nearby Lenders in Meigs 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 Rocket Mortgage 17 6.1%
2 United Wholesale Mortgage 16 5.7%
3 Tennessee Valley Federal C U 14 5.0%
4 Vanderbilt Mortgage and Finance, INC 12 4.3%
5 SouthEast Bank 12 4.3%
Compare Rocket Mortgage vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Meigs County?
In the 2024 HMDA reporting year, 648 mortgage applications were filed in Meigs County, Tennessee. Of these, 280 were originated (approved and funded), while 165 were denied, resulting in a denial rate of 25.5%.
What is the mortgage denial rate in Meigs County?
The mortgage denial rate in Meigs County is 25.5%. The approval (origination) rate is 43.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Meigs County?
The average mortgage loan amount in Meigs County is $228,272. The average interest rate is 7.309%. The average applicant income is $37K.
What is the loan-to-income ratio in Meigs County?
The average loan-to-income ratio in Meigs County is 6.2x, meaning borrowers took on loans averaging 6.2 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Meigs County?
The top mortgage lenders in Meigs County by origination volume are Rocket Mortgage, United Wholesale Mortgage, Tennessee Valley Federal C U. In total, 98 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.