Commerce Home Mortgage in North Carolina vs the state
11.0%Denial rate-7.09 pts vs state
14.7%Decision denial rate-8.10 pts vs state
62.9%Origination rate+5.09 pts vs state
7.75%Median rate+1.25 pts vs state
1.36Rate spread (pts)+1.28 pts vs state
$145kMedian applicant income
195Loans originated
34Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 183 | 91 | 16.9% | 8.75% | #202 |
| 2024 | 128 | 67 | 7.8% | 8.13% | #272 |
| 2025 | 310 | 195 | 11.0% | 7.75% | #191 |
What Commerce Home 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 Commerce Home Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Mecklenburg County | 42 | 27 | 8 | 19.0% |
| Union County | 31 | 21 | 3 | 9.7% |
| Wake County | 28 | 18 | 3 | 10.7% |
| Gaston County | 14 | 9 | 4 | 28.6% |
| Cumberland County | 14 | 9 | 0 | 0.0% |
| Iredell County | 11 | 6 | 0 | 0.0% |
| Brunswick County | 10 | 7 | 1 | 10.0% |
| New Hanover County | 10 | 7 | 0 | 0.0% |
| Buncombe County | 10 | 9 | 1 | 10.0% |
| Onslow County | 9 | 7 | 1 | 11.1% |
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: 310 applications in 2025, of which 195 were originated and 34 denied.
11.0% of all applications, or 14.7% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Commerce Home Mortgage originated in North Carolina in 2025 was 7.75%, against a statewide median of 6.50%.
About this data. Figures are Commerce Home 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