Carolina Trust Federal Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
1st52.9% deniedProcesswithdrawn + incomplete share, weight 15%
60th9.4%Closing coststotal loan costs ÷ loan amount, weight 10%
41st2.15% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 258 | 103 | 53.1% | 57.1% | 7.25% | $17M |
| 2024 | 299 | 106 | 53.9% | 60.3% | 6.75% | $18M |
| 2025 | 286 | 121 | 47.9% | 52.9% | 6.25% | $25M |
What Carolina Trust Federal Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 5 manufactured homes, 2 investment properties.
Why Carolina Trust Federal Credit Union denies applications
Primary reason reported for each of the 137 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Carolina Trust Federal Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 58 | 12 | 77.8% |
| $50k – $100k | 110 | 40 | 59.2% |
| $100k – $150k | 62 | 35 | 35.2% |
| $150k – $250k | 38 | 27 | 24.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 44 | 12 | 70.5% |
| 35–44 | 57 | 21 | 59.6% |
| 45–54 | 58 | 24 | 52.9% |
| 55–64 | 70 | 34 | 44.3% |
| 65–74 | 35 | 20 | 37.5% |
Where Carolina Trust Federal Credit Union lends
3 states and 14 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| South Carolina | 171 | 113 | 21.1% | 6.25% | #197 |
| North Carolina | 9 | 8 | 11.1% | 6.25% | #642 |
Frequently asked questions
Carolina Trust Federal Credit Union denied 52.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 1st percentile of small mortgage lenders.
The most common reason Carolina Trust Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 46.7% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Carolina Trust Federal Credit Union originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was 0.00 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 57% of its applications were for home purchases, 43% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 98% conventional, 1% FHA, 1% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.