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2024 data HMDA 2024 disclosure official source

Polk County

1,676 mortgage applications, 27.3% denial rate. Verify FIPS 48373 with U.S. Census Bureau →

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Texas · FIPS 48373

Local mortgage market. Polk County, Texas saw 1,676 HMDA-reported mortgage applications in 2024. Lenders originated 607 of those loans and denied 457, producing a denial rate of 27.3% and an approval (origination) rate of 36.2%. The average loan amount was $174,368 at an average note rate of 7.55%, with applicants self-reporting average annual income of $38K. 151 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.6x, meaning typical borrowers took on mortgages of about 4.6 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 48373 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,676
Applications
607
Originated
27.3%
Denial Rate
36.2%
Approval Rate
$174,368
Avg Loan Amount
7.55%
Avg Interest Rate
$38K
Avg Applicant Income
4.6x
Loan-to-Income Ratio

Nearby Lenders in Polk 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 21st Mortgage 67 11.0%
2 United Wholesale Mortgage 45 7.4%
3 Rocket Mortgage 44 7.2%
4 Eustis Mortgage Corp 29 4.8%
5 Vanderbilt Mortgage and Finance, INC 20 3.3%
Compare 21st Mortgage vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Polk County?
In the 2024 HMDA reporting year, 1,676 mortgage applications were filed in Polk County, Texas. Of these, 607 were originated (approved and funded), while 457 were denied, resulting in a denial rate of 27.3%.
What is the mortgage denial rate in Polk County?
The mortgage denial rate in Polk County is 27.3%. The approval (origination) rate is 36.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Polk County?
The average mortgage loan amount in Polk County is $174,368. The average interest rate is 7.553%. The average applicant income is $38K.
What is the loan-to-income ratio in Polk County?
The average loan-to-income ratio in Polk County is 4.6x, meaning borrowers took on loans averaging 4.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Polk County?
The top mortgage lenders in Polk County by origination volume are 21st Mortgage, United Wholesale Mortgage, Rocket Mortgage. In total, 151 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.