Bank of America in South Carolina vs the state
33.1%Denial rate+14.83 pts vs state
43.5%Decision denial rate+20.00 pts vs state
42.3%Origination rate-14.31 pts vs state
6.24%Median rate-0.26 pts vs state
1.67Rate spread (pts)+1.45 pts vs state
$100kMedian applicant income
2,119Loans originated
1,660Denied
Trend in South Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 5,949 | 2,284 | 45.5% | 7.24% | #4 |
| 2024 | 5,178 | 2,116 | 36.0% | 6.99% | #7 |
| 2025 | 5,009 | 2,119 | 33.1% | 6.24% | #10 |
What Bank of America lends in South Carolina
By loan purpose
By loan type
Why it denied South Carolina applicants
Where in South Carolina
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Charleston County | 655 | 307 | 183 | 27.9% |
| Greenville County | 614 | 233 | 228 | 37.1% |
| Horry County | 534 | 215 | 186 | 34.8% |
| York County | 410 | 235 | 77 | 18.8% |
| Richland County | 387 | 176 | 126 | 32.6% |
| Spartanburg County | 321 | 120 | 125 | 38.9% |
| Beaufort County | 320 | 134 | 80 | 25.0% |
| Lexington County | 276 | 112 | 98 | 35.5% |
| Berkeley County | 194 | 72 | 84 | 43.3% |
| Lancaster County | 187 | 90 | 58 | 31.0% |
Other large lenders in South Carolina
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 13,403 | 16.8% | 6.63% |
| Vanderbilt Mortgage and Finance | F | 12,272 | 40.7% | 6.50% |
| United Shore Financial Services | B | 9,236 | 12.8% | 6.13% |
| 21st Mortgage | F | 6,510 | 48.2% | 10.41% |
| Dhi Mortgage Company | B | 6,184 | 17.4% | 4.99% |
| Navy Federal Credit Union | D | 5,424 | 21.2% | 7.50% |
| First-Citizens Bank & Trust | B | 5,399 | 20.9% | 6.38% |
| Freedom Mortgage | B | 5,296 | 7.3% | 6.25% |
| Mortgage Research Center | C | 5,189 | 19.1% | 6.25% |
| Pennymac Loan Services | C | 4,524 | 11.3% | 6.25% |
Frequently asked questions
South Carolina: 5,009 applications in 2025, of which 2,119 were originated and 1,660 denied.
33.1% of all applications, or 43.5% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.
The median rate on loans Bank of America originated in South Carolina in 2025 was 6.24%, against a statewide median of 6.50%.
About this data. Figures are Bank of America's own HMDA filing for properties located in South Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology