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2024 data HMDA 2024 disclosure official source

Whatcom County

7,366 mortgage applications, 14.3% denial rate. Verify FIPS 53073 with U.S. Census Bureau →

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Washington · FIPS 53073

Local mortgage market. Whatcom County, Washington saw 7,366 HMDA-reported mortgage applications in 2024. Lenders originated 4,186 of those loans and denied 1,051, producing a denial rate of 14.3% and an approval (origination) rate of 56.8%. The average loan amount was $381,774 at an average note rate of 7.25%, with applicants self-reporting average annual income of $38K. 247 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 10.0x, meaning typical borrowers took on mortgages of about 10.0 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 53073 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

7,366
Applications
4,186
Originated
14.3%
Denial Rate
56.8%
Approval Rate
$381,774
Avg Loan Amount
7.25%
Avg Interest Rate
$38K
Avg Applicant Income
10.0x
Loan-to-Income Ratio

Nearby Lenders in Whatcom 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 Whatcom Educational Credit Uni 767 18.3%
2 Evergreen Moneysource Mortgage Company 308 7.4%
3 Movement Mortgage, LLC 231 5.5%
4 Peoples Bank 228 5.4%
5 United Wholesale Mortgage 194 4.6%
Compare Whatcom Educational Credit Uni vs Evergreen Moneysource Mortgage Company →

Frequently Asked Questions

How many mortgage applications were filed in Whatcom County?
In the 2024 HMDA reporting year, 7,366 mortgage applications were filed in Whatcom County, Washington. Of these, 4,186 were originated (approved and funded), while 1,051 were denied, resulting in a denial rate of 14.3%.
What is the mortgage denial rate in Whatcom County?
The mortgage denial rate in Whatcom County is 14.3%. The approval (origination) rate is 56.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Whatcom County?
The average mortgage loan amount in Whatcom County is $381,774. The average interest rate is 7.247%. The average applicant income is $38K.
What is the loan-to-income ratio in Whatcom County?
The average loan-to-income ratio in Whatcom County is 10.0x, meaning borrowers took on loans averaging 10.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Whatcom County?
The top mortgage lenders in Whatcom County by origination volume are Whatcom Educational Credit Uni, Evergreen Moneysource Mortgage Company, Movement Mortgage, LLC. In total, 247 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.