PlainLender
2024 data HMDA 2024 disclosure official source

Putnam County

2,653 mortgage applications, 14.6% denial rate. Verify FIPS 47141 with U.S. Census Bureau →

PlainLender home → About this data

Tennessee · FIPS 47141

Local mortgage market. Putnam County, Tennessee saw 2,653 HMDA-reported mortgage applications in 2024. Lenders originated 1,441 of those loans and denied 386, producing a denial rate of 14.6% and an approval (origination) rate of 54.3%. The average loan amount was $230,058 at an average note rate of 7.21%, with applicants self-reporting average annual income of $37K. 180 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 47141 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,653
Applications
1,441
Originated
14.6%
Denial Rate
54.3%
Approval Rate
$230,058
Avg Loan Amount
7.21%
Avg Interest Rate
$37K
Avg Applicant Income
6.2x
Loan-to-Income Ratio

Nearby Lenders in Putnam 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 99 6.9%
2 Citizens Bank 84 5.8%
3 United Wholesale Mortgage 83 5.8%
4 FIRSTBANK 71 4.9%
5 Regions Bank 68 4.7%
Compare Rocket Mortgage vs Citizens Bank →

Frequently Asked Questions

How many mortgage applications were filed in Putnam County?
In the 2024 HMDA reporting year, 2,653 mortgage applications were filed in Putnam County, Tennessee. Of these, 1,441 were originated (approved and funded), while 386 were denied, resulting in a denial rate of 14.6%.
What is the mortgage denial rate in Putnam County?
The mortgage denial rate in Putnam County is 14.6%. The approval (origination) rate is 54.3%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Putnam County?
The average mortgage loan amount in Putnam County is $230,058. The average interest rate is 7.208%. The average applicant income is $37K.
What is the loan-to-income ratio in Putnam County?
The average loan-to-income ratio in Putnam 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 Putnam County?
The top mortgage lenders in Putnam County by origination volume are Rocket Mortgage, Citizens Bank, United Wholesale Mortgage. In total, 180 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.