BMO Bank in North Carolina vs the state
41.8%Denial rate+23.76 pts vs state
56.1%Decision denial rate+33.28 pts vs state
30.9%Origination rate-26.90 pts vs state
7.00%Median rate+0.50 pts vs state
0.31Rate spread (pts)+0.22 pts vs state
$176kMedian applicant income
17Loans originated
23Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 114 | 53 | 33.3% | 6.50% | #271 |
| 2024 | 106 | 51 | 24.5% | 7.00% | #297 |
| 2025 | 55 | 17 | 41.8% | 7.00% | #386 |
What BMO 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 BMO Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wake County | 10 | 6 | 3 | 30.0% |
| Durham County | 5 | 0 | 3 | 60.0% |
| Mecklenburg County | 3 | 0 | 0 | 0.0% |
| Guilford County | 3 | 1 | 1 | 33.3% |
| Jackson County | 3 | 0 | 1 | 33.3% |
| Chatham County | 3 | 2 | 0 | 0.0% |
| Cabarrus County | 2 | 0 | 1 | 50.0% |
| Cumberland County | 2 | 1 | 0 | 0.0% |
| New Hanover County | 2 | 0 | 1 | 50.0% |
| Forsyth County | 2 | 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: 55 applications in 2025, of which 17 were originated and 23 denied.
41.8% of all applications, or 56.1% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans BMO Bank originated in North Carolina in 2025 was 7.00%, against a statewide median of 6.50%.
About this data. Figures are BMO 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