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2024 data HMDA 2024 disclosure official source

Bayfield County

666 mortgage applications, 18.2% denial rate. Verify FIPS 55007 with U.S. Census Bureau →

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Wisconsin · FIPS 55007

Local mortgage market. Bayfield County, Wisconsin saw 666 HMDA-reported mortgage applications in 2024. Lenders originated 395 of those loans and denied 121, producing a denial rate of 18.2% and an approval (origination) rate of 59.3%. The average loan amount was $180,871 at an average note rate of 7.07%, with applicants self-reporting average annual income of $35K. 94 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.2x, meaning typical borrowers took on mortgages of about 5.2 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 55007 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

666
Applications
395
Originated
18.2%
Denial Rate
59.3%
Approval Rate
$180,871
Avg Loan Amount
7.07%
Avg Interest Rate
$35K
Avg Applicant Income
5.2x
Loan-to-Income Ratio

Nearby Lenders in Bayfield 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 Superior Choice Credit Union 55 13.9%
2 Northern State Bank 44 11.1%
3 Rocket Mortgage 31 7.8%
4 Security State Bank 21 5.3%
5 Chippewa Valley Bank 20 5.1%
Compare Superior Choice Credit Union vs Northern State Bank →

Frequently Asked Questions

How many mortgage applications were filed in Bayfield County?
In the 2024 HMDA reporting year, 666 mortgage applications were filed in Bayfield County, Wisconsin. Of these, 395 were originated (approved and funded), while 121 were denied, resulting in a denial rate of 18.2%.
What is the mortgage denial rate in Bayfield County?
The mortgage denial rate in Bayfield County is 18.2%. The approval (origination) rate is 59.3%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Bayfield County?
The average mortgage loan amount in Bayfield County is $180,871. The average interest rate is 7.068%. The average applicant income is $35K.
What is the loan-to-income ratio in Bayfield County?
The average loan-to-income ratio in Bayfield County is 5.2x, meaning borrowers took on loans averaging 5.2 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Bayfield County?
The top mortgage lenders in Bayfield County by origination volume are Superior Choice Credit Union, Northern State Bank, Rocket Mortgage. In total, 94 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.