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2024 data HMDA 2024 disclosure official source

Lynn County

273 mortgage applications, 21.6% denial rate. Verify FIPS 48305 with U.S. Census Bureau →

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Texas · FIPS 48305

Local mortgage market. Lynn County, Texas saw 273 HMDA-reported mortgage applications in 2024. Lenders originated 104 of those loans and denied 59, producing a denial rate of 21.6% and an approval (origination) rate of 38.1%. The average loan amount was $277,784 at an average note rate of 7.24%, with applicants self-reporting average annual income of $39K. 41 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.1x, meaning typical borrowers took on mortgages of about 7.1 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 48305 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

273
Applications
104
Originated
21.6%
Denial Rate
38.1%
Approval Rate
$277,784
Avg Loan Amount
7.24%
Avg Interest Rate
$39K
Avg Applicant Income
7.1x
Loan-to-Income Ratio

Nearby Lenders in Lynn 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 Texas Tech Federal Credit Union 17 16.3%
2 Cardinal Financial Company, Li 13 12.5%
3 T2 Financial LLC 8 7.7%
4 Alliance Credit Union 7 6.7%
5 City Bank 6 5.8%
Compare Texas Tech Federal Credit Union vs Cardinal Financial Company, Li →

Frequently Asked Questions

How many mortgage applications were filed in Lynn County?
In the 2024 HMDA reporting year, 273 mortgage applications were filed in Lynn County, Texas. Of these, 104 were originated (approved and funded), while 59 were denied, resulting in a denial rate of 21.6%.
What is the mortgage denial rate in Lynn County?
The mortgage denial rate in Lynn County is 21.6%. The approval (origination) rate is 38.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Lynn County?
The average mortgage loan amount in Lynn County is $277,784. The average interest rate is 7.235%. The average applicant income is $39K.
What is the loan-to-income ratio in Lynn County?
The average loan-to-income ratio in Lynn County is 7.1x, meaning borrowers took on loans averaging 7.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Lynn County?
The top mortgage lenders in Lynn County by origination volume are Texas Tech Federal Credit Union, Cardinal Financial Company, Li, T2 Financial LLC. In total, 41 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.