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2024 data HMDA 2024 disclosure official source

Morgan County

876 mortgage applications, 14.7% denial rate. Verify FIPS 54065 with U.S. Census Bureau →

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West Virginia · FIPS 54065

Local mortgage market. Morgan County, West Virginia saw 876 HMDA-reported mortgage applications in 2024. Lenders originated 469 of those loans and denied 129, producing a denial rate of 14.7% and an approval (origination) rate of 53.5%. The average loan amount was $213,630 at an average note rate of 6.76%, with applicants self-reporting average annual income of $38K. 104 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.6x, meaning typical borrowers took on mortgages of about 5.6 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 54065 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

876
Applications
469
Originated
14.7%
Denial Rate
53.5%
Approval Rate
$213,630
Avg Loan Amount
6.76%
Avg Interest Rate
$38K
Avg Applicant Income
5.6x
Loan-to-Income Ratio

Nearby Lenders in Morgan 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 Cnb Bank INC. 45 9.6%
2 Rocket Mortgage 43 9.2%
3 Homespire Mortgage Corporation 28 6.0%
4 United Wholesale Mortgage 23 4.9%
5 City National Bank of WV 22 4.7%
Compare Cnb Bank INC. vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Morgan County?
In the 2024 HMDA reporting year, 876 mortgage applications were filed in Morgan County, West Virginia. Of these, 469 were originated (approved and funded), while 129 were denied, resulting in a denial rate of 14.7%.
What is the mortgage denial rate in Morgan County?
The mortgage denial rate in Morgan County is 14.7%. The approval (origination) rate is 53.5%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Morgan County?
The average mortgage loan amount in Morgan County is $213,630. The average interest rate is 6.756%. The average applicant income is $38K.
What is the loan-to-income ratio in Morgan County?
The average loan-to-income ratio in Morgan County is 5.6x, meaning borrowers took on loans averaging 5.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Morgan County?
The top mortgage lenders in Morgan County by origination volume are Cnb Bank INC., Rocket Mortgage, Homespire Mortgage Corporation. In total, 104 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.