Farmers Bank & Trust · North Carolina · 2025

Farmers Bank & Trust in North Carolina: approval rate, denial rate and rates (2025)

Farmers Bank & Trust took 119 mortgage applications in North Carolina in 2025, ranking #295 of 1,253 lenders active in the state. It originated 39.5% of them and denied 5.9% (11.7% of the applications it decided), against a statewide denial rate of 18.1%.

119Applicationsin NC
11.7%Decision denial ratestate 22.8%
6.38%Median ratestate 6.50%
$435,000Median loanstate $225,000
$22MVolume36 counties

Farmers Bank & Trust in North Carolina vs the state

5.9%Denial rate-12.18 pts vs state
11.7%Decision denial rate-11.15 pts vs state
39.5%Origination rate-18.31 pts vs state
6.38%Median rate-0.13 pts vs state
-0.10Rate spread (pts)-0.19 pts vs state
$195kMedian applicant income
47Loans originated
7Denied

Trend in North Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023101514.0%6.13%#286
20241094811.0%6.38%#294
2025119475.9%6.38%#295

What Farmers Bank & Trust lends in North Carolina

By loan purpose

Home purchase 46 39% · 4.4% denied
Refinance 51 43% · 5.9% denied
Cash-out refinance 15 13% · 0.0% denied
Other / HELOC 7 6% · 28.6% denied

By loan type

Conventional 115 97% · 5.2% denied
VA 4 3% · 25.0% denied

Why it denied North Carolina applicants

Debt-to-income ratio 4 57%
Collateral 2 29%
Insufficient cash 1 14%

Where in North Carolina

Counties with the most Farmers Bank & Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Mecklenburg County 2281 4.5%
Wake County 2190 0.0%
Union County 731 14.3%
Durham County 612 33.3%
Onslow County 530 0.0%
Macon County 430 0.0%
Cabarrus County 400 0.0%
Brunswick County 411 25.0%
Dare County 430 0.0%
Guilford County 320 0.0%

Other large lenders in North Carolina

LenderGradeApplicationsDenial rateMedian rate
State Employees'C 47,89325.2%6.25%
Rocket MortgageC 25,10916.0%6.63%
United Shore Financial ServicesB 18,88411.4%6.13%
Vanderbilt Mortgage and FinanceF 15,00838.0%7.75%
Truist BankC 14,36430.3%6.50%
Movement MortgageA 11,0912.6%6.63%
Navy Federal Credit UnionD 10,56519.4%7.13%
First-Citizens Bank & TrustB 10,31919.6%6.38%
Bank of AmericaF 10,27628.2%6.24%
Mortgage Research CenterC 10,02917.7%6.25%

Frequently asked questions

North Carolina: 119 applications in 2025, of which 47 were originated and 7 denied.

5.9% of all applications, or 11.7% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.

The median rate on loans Farmers Bank & Trust originated in North Carolina in 2025 was 6.38%, against a statewide median of 6.50%.

About this data. Figures are Farmers Bank & Trust'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