Finance of America Reverse in North Carolina vs the state
9.1%Denial rate-8.99 pts vs state
11.3%Decision denial rate-11.48 pts vs state
69.8%Origination rate+11.97 pts vs state
6.13%Median rate-0.38 pts vs state
—Rate spread (pts)
$30kMedian applicant income
254Loans originated
33Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 346 | 231 | 12.7% | 7.69% | #143 |
| 2024 | 382 | 245 | 7.9% | 7.07% | #151 |
| 2025 | 364 | 254 | 9.1% | 6.13% | #170 |
What Finance of America Reverse lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most Finance of America Reverse applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Mecklenburg County | 48 | 35 | 8 | 16.7% |
| Wake County | 24 | 21 | 1 | 4.2% |
| Brunswick County | 23 | 16 | 2 | 8.7% |
| Durham County | 15 | 11 | 2 | 13.3% |
| Gaston County | 15 | 8 | 1 | 6.7% |
| Buncombe County | 14 | 12 | 0 | 0.0% |
| New Hanover County | 13 | 8 | 2 | 15.4% |
| Forsyth County | 9 | 6 | 2 | 22.2% |
| Iredell County | 9 | 5 | 2 | 22.2% |
| Union County | 9 | 7 | 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: 364 applications in 2025, of which 254 were originated and 33 denied.
9.1% of all applications, or 11.3% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Finance of America Reverse originated in North Carolina in 2025 was 6.13%, against a statewide median of 6.50%.
About this data. Figures are Finance of America Reverse'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