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2024 data HMDA 2024 disclosure official source

Cherokee County

1,676 mortgage applications, 27.9% denial rate. Verify FIPS 48073 with U.S. Census Bureau →

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Texas · FIPS 48073

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.

FIPS 48073 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,676
Applications
643
Originated
27.9%
Denial Rate
38.4%
Approval Rate
$181,868
Avg Loan Amount
7.54%
Avg Interest Rate
$38K
Avg Applicant Income
4.8x
Loan-to-Income Ratio

Nearby Lenders in Cherokee 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 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%
Compare Austin Bank, Texas National Association vs 21st Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Cherokee County?
In the 2024 HMDA reporting year, 1,676 mortgage applications were filed in Cherokee County, Texas. Of these, 643 were originated (approved and funded), while 468 were denied, resulting in a denial rate of 27.9%.
What is the mortgage denial rate in Cherokee County?
The mortgage denial rate in Cherokee County is 27.9%. The approval (origination) rate is 38.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Cherokee County?
The average mortgage loan amount in Cherokee County is $181,868. The average interest rate is 7.544%. The average applicant income is $38K.
What is the loan-to-income ratio in Cherokee County?
The average loan-to-income ratio in Cherokee County is 4.8x, meaning borrowers took on loans averaging 4.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Cherokee County?
The top mortgage lenders in Cherokee County by origination volume are Austin Bank, Texas National Association, 21st Mortgage, Rocket Mortgage. In total, 136 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.