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2024 data HMDA 2024 disclosure official source

Pierce County

37,538 mortgage applications, 17.1% denial rate. Verify FIPS 53053 with U.S. Census Bureau →

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Washington · FIPS 53053

Local mortgage market. Pierce County, Washington saw 37,538 HMDA-reported mortgage applications in 2024. Lenders originated 20,414 of those loans and denied 6,409, producing a denial rate of 17.1% and an approval (origination) rate of 54.4%. The average loan amount was $359,647 at an average note rate of 7.19%, with applicants self-reporting average annual income of $40K. 417 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 9.0x, meaning typical borrowers took on mortgages of about 9.0 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 53053 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

37,538
Applications
20,414
Originated
17.1%
Denial Rate
54.4%
Approval Rate
$359,647
Avg Loan Amount
7.19%
Avg Interest Rate
$40K
Avg Applicant Income
9.0x
Loan-to-Income Ratio

Nearby Lenders in Pierce 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 Boeing Employees' Credit Union 1,868 9.2%
2 United Wholesale Mortgage 1,276 6.3%
3 Rocket Mortgage 1,022 5.0%
4 Movement Mortgage, LLC 985 4.8%
5 Crosscountry Mortgage, LLC 811 4.0%
Compare Boeing Employees' Credit Union vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Pierce County?
In the 2024 HMDA reporting year, 37,538 mortgage applications were filed in Pierce County, Washington. Of these, 20,414 were originated (approved and funded), while 6,409 were denied, resulting in a denial rate of 17.1%.
What is the mortgage denial rate in Pierce County?
The mortgage denial rate in Pierce County is 17.1%. The approval (origination) rate is 54.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Pierce County?
The average mortgage loan amount in Pierce County is $359,647. The average interest rate is 7.193%. The average applicant income is $40K.
What is the loan-to-income ratio in Pierce County?
The average loan-to-income ratio in Pierce County is 9.0x, meaning borrowers took on loans averaging 9.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Pierce County?
The top mortgage lenders in Pierce County by origination volume are Boeing Employees' Credit Union, United Wholesale Mortgage, Rocket Mortgage. In total, 417 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.