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2024 data HMDA 2024 disclosure official source

Benton County

8,205 mortgage applications, 14.7% denial rate. Verify FIPS 53005 with U.S. Census Bureau →

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Washington · FIPS 53005

Local mortgage market. Benton County, Washington saw 8,205 HMDA-reported mortgage applications in 2024. Lenders originated 4,893 of those loans and denied 1,203, producing a denial rate of 14.7% and an approval (origination) rate of 59.6%. The average loan amount was $295,447 at an average note rate of 7.07%, with applicants self-reporting average annual income of $39K. 232 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.6x, meaning typical borrowers took on mortgages of about 7.6 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 53005 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

8,205
Applications
4,893
Originated
14.7%
Denial Rate
59.6%
Approval Rate
$295,447
Avg Loan Amount
7.07%
Avg Interest Rate
$39K
Avg Applicant Income
7.6x
Loan-to-Income Ratio

Nearby Lenders in Benton 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 Gesa Credit Union 568 11.6%
2 United Wholesale Mortgage 440 9.0%
3 Cmg Mortgage INC 408 8.3%
4 Rocket Mortgage 283 5.8%
5 1st Security Bank of Washington 188 3.8%
Compare Gesa Credit Union vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Benton County?
In the 2024 HMDA reporting year, 8,205 mortgage applications were filed in Benton County, Washington. Of these, 4,893 were originated (approved and funded), while 1,203 were denied, resulting in a denial rate of 14.7%.
What is the mortgage denial rate in Benton County?
The mortgage denial rate in Benton County is 14.7%. The approval (origination) rate is 59.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Benton County?
The average mortgage loan amount in Benton County is $295,447. The average interest rate is 7.065%. The average applicant income is $39K.
What is the loan-to-income ratio in Benton County?
The average loan-to-income ratio in Benton County is 7.6x, meaning borrowers took on loans averaging 7.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Benton County?
The top mortgage lenders in Benton County by origination volume are Gesa Credit Union, United Wholesale Mortgage, Cmg Mortgage INC. In total, 232 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.