Armed Forces Bank in North Carolina vs the state
8.2%Denial rate-9.86 pts vs state
12.5%Decision denial rate-10.32 pts vs state
54.9%Origination rate-2.89 pts vs state
6.13%Median rate-0.38 pts vs state
-0.31Rate spread (pts)-0.40 pts vs state
$122kMedian applicant income
67Loans originated
10Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 84 | 56 | 3.6% | 6.13% | #309 |
| 2024 | 86 | 48 | 15.1% | 6.25% | #319 |
| 2025 | 122 | 67 | 8.2% | 6.13% | #293 |
What Armed Forces Bank lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most Armed Forces Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cumberland County | 24 | 13 | 3 | 12.5% |
| Wake County | 10 | 2 | 3 | 30.0% |
| Moore County | 9 | 5 | 0 | 0.0% |
| Mecklenburg County | 7 | 5 | 1 | 14.3% |
| Hoke County | 7 | 4 | 0 | 0.0% |
| Harnett County | 5 | 4 | 0 | 0.0% |
| Rowan County | 5 | 4 | 0 | 0.0% |
| Onslow County | 4 | 2 | 0 | 0.0% |
| Guilford County | 4 | 2 | 0 | 0.0% |
| Craven County | 4 | 2 | 0 | 0.0% |
Other large lenders in North Carolina
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| State Employees' | C | 47,893 | 25.2% | 6.25% |
| Rocket Mortgage | C | 25,109 | 16.0% | 6.63% |
| United Shore Financial Services | B | 18,884 | 11.4% | 6.13% |
| Vanderbilt Mortgage and Finance | F | 15,008 | 38.0% | 7.75% |
| Truist Bank | C | 14,364 | 30.3% | 6.50% |
| Movement Mortgage | A | 11,091 | 2.6% | 6.63% |
| Navy Federal Credit Union | D | 10,565 | 19.4% | 7.13% |
| First-Citizens Bank & Trust | B | 10,319 | 19.6% | 6.38% |
| Bank of America | F | 10,276 | 28.2% | 6.24% |
| Mortgage Research Center | C | 10,029 | 17.7% | 6.25% |
Frequently asked questions
North Carolina: 122 applications in 2025, of which 67 were originated and 10 denied.
8.2% of all applications, or 12.5% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Armed Forces Bank originated in North Carolina in 2025 was 6.13%, against a statewide median of 6.50%.
About this data. Figures are Armed Forces Bank's own HMDA filing for properties located in North Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology