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2024 data HMDA 2024 disclosure official source

Summers County

314 mortgage applications, 24.8% denial rate. Verify FIPS 54089 with U.S. Census Bureau →

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West Virginia · FIPS 54089

Local mortgage market. Summers County, West Virginia saw 314 HMDA-reported mortgage applications in 2024. Lenders originated 142 of those loans and denied 78, producing a denial rate of 24.8% and an approval (origination) rate of 45.2%. The average loan amount was $125,287 at an average note rate of 7.26%, with applicants self-reporting average annual income of $35K. 45 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.6x, meaning typical borrowers took on mortgages of about 3.6 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 54089 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

314
Applications
142
Originated
24.8%
Denial Rate
45.2%
Approval Rate
$125,287
Avg Loan Amount
7.26%
Avg Interest Rate
$35K
Avg Applicant Income
3.6x
Loan-to-Income Ratio

Nearby Lenders in Summers 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 City National Bank of WV 22 15.5%
2 Rocket Mortgage 16 11.3%
3 ALCOVA Mortgage, LLC 15 10.6%
4 Burke & Herbert Bk & Tr CO 12 8.5%
5 Summit Community Bank, INC 8 5.6%
Compare City National Bank of WV vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Summers County?
In the 2024 HMDA reporting year, 314 mortgage applications were filed in Summers County, West Virginia. Of these, 142 were originated (approved and funded), while 78 were denied, resulting in a denial rate of 24.8%.
What is the mortgage denial rate in Summers County?
The mortgage denial rate in Summers County is 24.8%. The approval (origination) rate is 45.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Summers County?
The average mortgage loan amount in Summers County is $125,287. The average interest rate is 7.256%. The average applicant income is $35K.
What is the loan-to-income ratio in Summers County?
The average loan-to-income ratio in Summers County is 3.6x, meaning borrowers took on loans averaging 3.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Summers County?
The top mortgage lenders in Summers County by origination volume are City National Bank of WV, Rocket Mortgage, ALCOVA Mortgage, LLC. In total, 45 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.