First Home Mortgage in North Carolina vs the state
2.3%Denial rate-15.79 pts vs state
2.8%Decision denial rate-20.02 pts vs state
78.9%Origination rate+21.05 pts vs state
6.50%Median rate0.00 pts vs state
0.29Rate spread (pts)+0.21 pts vs state
$133kMedian applicant income
347Loans originated
10Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 387 | 283 | 1.0% | 6.63% | #137 |
| 2024 | 527 | 415 | 3.0% | 6.63% | #123 |
| 2025 | 440 | 347 | 2.3% | 6.50% | #150 |
What First 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 First Home Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wake County | 130 | 100 | 2 | 1.5% |
| Johnston County | 79 | 58 | 2 | 2.5% |
| Harnett County | 56 | 48 | 2 | 3.6% |
| Chatham County | 18 | 17 | 0 | 0.0% |
| Mecklenburg County | 17 | 13 | 1 | 5.9% |
| Durham County | 11 | 10 | 0 | 0.0% |
| Moore County | 10 | 9 | 0 | 0.0% |
| Brunswick County | 9 | 9 | 0 | 0.0% |
| Franklin County | 8 | 4 | 0 | 0.0% |
| Watauga County | 8 | 6 | 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: 440 applications in 2025, of which 347 were originated and 10 denied.
2.3% of all applications, or 2.8% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans First Home Mortgage originated in North Carolina in 2025 was 6.50%, against a statewide median of 6.50%.
About this data. Figures are First 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