PlainLender
2024 data HMDA 2024 disclosure official source

Racine County

8,240 mortgage applications, 17.6% denial rate. Verify FIPS 55101 with U.S. Census Bureau →

PlainLender home → About this data

Wisconsin · FIPS 55101

Local mortgage market. Racine County, Wisconsin saw 8,240 HMDA-reported mortgage applications in 2024. Lenders originated 4,948 of those loans and denied 1,452, producing a denial rate of 17.6% and an approval (origination) rate of 60.0%. The average loan amount was $199,899 at an average note rate of 7.16%, with applicants self-reporting average annual income of $36K. 267 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 55101 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

8,240
Applications
4,948
Originated
17.6%
Denial Rate
60.0%
Approval Rate
$199,899
Avg Loan Amount
7.16%
Avg Interest Rate
$36K
Avg Applicant Income
5.6x
Loan-to-Income Ratio

Nearby Lenders in Racine 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 Educators Credit Union 948 19.2%
2 Landmark Credit Union 415 8.4%
3 Johnson Bank 326 6.6%
4 Summit Credit Union 197 4.0%
5 Rocket Mortgage 185 3.7%
Compare Educators Credit Union vs Landmark Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Racine County?
In the 2024 HMDA reporting year, 8,240 mortgage applications were filed in Racine County, Wisconsin. Of these, 4,948 were originated (approved and funded), while 1,452 were denied, resulting in a denial rate of 17.6%.
What is the mortgage denial rate in Racine County?
The mortgage denial rate in Racine County is 17.6%. The approval (origination) rate is 60.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Racine County?
The average mortgage loan amount in Racine County is $199,899. The average interest rate is 7.163%. The average applicant income is $36K.
What is the loan-to-income ratio in Racine County?
The average loan-to-income ratio in Racine 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 Racine County?
The top mortgage lenders in Racine County by origination volume are Educators Credit Union, Landmark Credit Union, Johnson Bank. In total, 267 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.