Cherokee County
Texas · FIPS 48073
According to CFPB HMDA 2024 application volume among U.S. counties, Cherokee County ranks #1,025 of 3,210, and #67 of 253 in Texas.
Mortgage lending activity in Cherokee County, Texas based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Cherokee County, Texas saw 1,676 HMDA-reported mortgage applications in 2024. Lenders originated 643 of those loans and denied 468, producing a denial rate of 27.9% and an approval (origination) rate of 38.4%. The average loan amount was $181,868 at an average note rate of 7.54%, with applicants self-reporting average annual income of $38K. 136 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 4.8x, meaning typical borrowers took on mortgages of about 4.8 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Cherokee County
In Cherokee County, lead originator Austin Bank, Texas National Association funded 15.9% of 643 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 28.9% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Counties With Similar Application Volume
Nationwide counties nearest to Cherokee County's 1,676 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Cherokee County's $181,868 average loan (deduped against volume peers).
Lenders active in Cherokee County
Austin Bank, Texas National Association funded 102 of the 643 loans originated in Cherokee County, 15.9% of the county. 136 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Austin Bank, Texas National Association | 102 | 15.9% |
| 2 | 21st Mortgage | 50 | 7.8% |
| 3 | Rocket Mortgage | 34 | 5.3% |
| 4 | United Wholesale Mortgage | 30 | 4.7% |
| 5 | Altra Federal Credit Union | 24 | 3.7% |
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; does not constitute financial advice for Cherokee County borrowers.
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 Cherokee County 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. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.