PlainLender
2024 data HMDA 2024 disclosure official source

Millard County

509 mortgage applications, 17.3% denial rate. Verify FIPS 49027 with U.S. Census Bureau →

PlainLender home → About this data

Utah · FIPS 49027

Local mortgage market. Millard County, Utah saw 509 HMDA-reported mortgage applications in 2024. Lenders originated 275 of those loans and denied 88, producing a denial rate of 17.3% and an approval (origination) rate of 54.0%. The average loan amount was $222,583 at an average note rate of 7.41%, with applicants self-reporting average annual income of $37K. 52 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.0x, meaning typical borrowers took on mortgages of about 6.0 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 49027 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

509
Applications
275
Originated
17.3%
Denial Rate
54.0%
Approval Rate
$222,583
Avg Loan Amount
7.41%
Avg Interest Rate
$37K
Avg Applicant Income
6.0x
Loan-to-Income Ratio

Nearby Lenders in Millard 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 State Bank of Southern Utah 62 22.5%
2 United Wholesale Mortgage 33 12.0%
3 America First Federal Credit Union 23 8.4%
4 Zions Bancorporation, N.A. 23 8.4%
5 Intercap Lending Inc 19 6.9%
Compare State Bank of Southern Utah vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Millard County?
In the 2024 HMDA reporting year, 509 mortgage applications were filed in Millard County, Utah. Of these, 275 were originated (approved and funded), while 88 were denied, resulting in a denial rate of 17.3%.
What is the mortgage denial rate in Millard County?
The mortgage denial rate in Millard County is 17.3%. The approval (origination) rate is 54.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Millard County?
The average mortgage loan amount in Millard County is $222,583. The average interest rate is 7.412%. The average applicant income is $37K.
What is the loan-to-income ratio in Millard County?
The average loan-to-income ratio in Millard County is 6.0x, meaning borrowers took on loans averaging 6.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Millard County?
The top mortgage lenders in Millard County by origination volume are State Bank of Southern Utah, United Wholesale Mortgage, America First Federal Credit Union. In total, 52 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.