Better Mortgage · South Carolina · 2025

Better Mortgage in South Carolina: approval rate, denial rate and rates (2025)

Better Mortgage took 760 mortgage applications in South Carolina in 2025, ranking #75 of 1,143 lenders active in the state. It originated 30.8% of them and denied 25.5% (44.0% of the applications it decided), against a statewide denial rate of 18.3%.

760Applicationsin SC
44.0%Decision denial ratestate 23.5%
8.00%Median ratestate 6.50%
$165,000Median loanstate $225,000
$57MVolume38 counties

Better Mortgage in South Carolina vs the state

25.5%Denial rate+7.22 pts vs state
44.0%Decision denial rate+20.52 pts vs state
30.8%Origination rate-25.82 pts vs state
8.00%Median rate+1.50 pts vs state
1.07Rate spread (pts)+0.85 pts vs state
$140kMedian applicant income
234Loans originated
194Denied

Trend in South Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023243978.6%6.25%#142
20242518113.6%6.50%#149
202576023425.5%8.00%#75

What Better Mortgage lends in South Carolina

By loan purpose

Home purchase 207 27% · 15.0% denied
Refinance 57 8% · 19.3% denied
Cash-out refinance 85 11% · 23.5% denied
Home improvement 56 7% · 25.0% denied
Other / HELOC 355 47% · 33.2% denied

By loan type

Conventional 675 89% · 24.7% denied
FHA 76 10% · 31.6% denied
VA 9 1% · 33.3% denied

Why it denied South Carolina applicants

Incomplete application 66 34%
Debt-to-income ratio 44 23%
Credit history 44 23%
Collateral 19 10%
Unverifiable information 13 7%
Other 6 3%
Employment history 2 1%

Where in South Carolina

Counties with the most Better Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Charleston County 1003820 20.0%
Greenville County 932922 23.7%
York County 842521 25.0%
Horry County 641417 26.6%
Lexington County 461713 28.3%
Richland County 421910 23.8%
Spartanburg County 42118 19.0%
Beaufort County 411413 31.7%
Berkeley County 361010 27.8%
Aiken County 26107 26.9%

Other large lenders in South Carolina

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 13,40316.8%6.63%
Vanderbilt Mortgage and FinanceF 12,27240.7%6.50%
United Shore Financial ServicesB 9,23612.8%6.13%
21st MortgageF 6,51048.2%10.41%
Dhi Mortgage CompanyB 6,18417.4%4.99%
Navy Federal Credit UnionD 5,42421.2%7.50%
First-Citizens Bank & TrustB 5,39920.9%6.38%
Freedom MortgageB 5,2967.3%6.25%
Mortgage Research CenterC 5,18919.1%6.25%
Bank of AmericaF 5,00933.1%6.24%

Frequently asked questions

South Carolina: 760 applications in 2025, of which 234 were originated and 194 denied.

25.5% of all applications, or 44.0% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.

The median rate on loans Better Mortgage originated in South Carolina in 2025 was 8.00%, against a statewide median of 6.50%.

About this data. Figures are Better Mortgage'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