Better Mortgage in North Carolina vs the state
23.7%Denial rate+5.66 pts vs state
41.3%Decision denial rate+18.52 pts vs state
32.7%Origination rate-25.13 pts vs state
7.25%Median rate+0.75 pts vs state
0.61Rate spread (pts)+0.52 pts vs state
$157kMedian applicant income
664Loans originated
482Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 725 | 297 | 6.3% | 6.13% | #96 |
| 2024 | 857 | 312 | 9.1% | 6.63% | #83 |
| 2025 | 2,032 | 664 | 23.7% | 7.25% | #52 |
What Better Mortgage lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most Better Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Mecklenburg County | 403 | 142 | 95 | 23.6% |
| Wake County | 337 | 108 | 68 | 20.2% |
| Union County | 110 | 33 | 31 | 28.2% |
| Guilford County | 85 | 25 | 14 | 16.5% |
| Cabarrus County | 80 | 31 | 16 | 20.0% |
| Durham County | 73 | 26 | 14 | 19.2% |
| Buncombe County | 55 | 17 | 15 | 27.3% |
| Forsyth County | 51 | 12 | 16 | 31.4% |
| Gaston County | 50 | 13 | 11 | 22.0% |
| Iredell County | 47 | 24 | 8 | 17.0% |
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: 2,032 applications in 2025, of which 664 were originated and 482 denied.
23.7% of all applications, or 41.3% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Better Mortgage originated in North Carolina in 2025 was 7.25%, against a statewide median of 6.50%.
About this data. Figures are Better Mortgage'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