PlainLender
2024 data HMDA 2024 disclosure official source

Smith County

8,403 mortgage applications, 21.2% denial rate. Verify FIPS 48423 with U.S. Census Bureau →

PlainLender home → About this data

Texas · FIPS 48423

Local mortgage market. Smith County, Texas saw 8,403 HMDA-reported mortgage applications in 2024. Lenders originated 3,918 of those loans and denied 1,778, producing a denial rate of 21.2% and an approval (origination) rate of 46.6%. The average loan amount was $243,352 at an average note rate of 7.26%, with applicants self-reporting average annual income of $38K. 320 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.4x, meaning typical borrowers took on mortgages of about 6.4 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 48423 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

8,403
Applications
3,918
Originated
21.2%
Denial Rate
46.6%
Approval Rate
$243,352
Avg Loan Amount
7.26%
Avg Interest Rate
$38K
Avg Applicant Income
6.4x
Loan-to-Income Ratio

Nearby Lenders in Smith 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 303 7.7%
2 United Wholesale Mortgage 290 7.4%
3 Altra Federal Credit Union 239 6.1%
4 Cmg Mortgage INC 199 5.1%
5 21st Mortgage 134 3.4%
Compare Rocket Mortgage vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Smith County?
In the 2024 HMDA reporting year, 8,403 mortgage applications were filed in Smith County, Texas. Of these, 3,918 were originated (approved and funded), while 1,778 were denied, resulting in a denial rate of 21.2%.
What is the mortgage denial rate in Smith County?
The mortgage denial rate in Smith County is 21.2%. The approval (origination) rate is 46.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Smith County?
The average mortgage loan amount in Smith County is $243,352. The average interest rate is 7.262%. The average applicant income is $38K.
What is the loan-to-income ratio in Smith County?
The average loan-to-income ratio in Smith County is 6.4x, meaning borrowers took on loans averaging 6.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Smith County?
The top mortgage lenders in Smith County by origination volume are Rocket Mortgage, United Wholesale Mortgage, Altra Federal Credit Union. In total, 320 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.