First Option Mortgage · South Carolina · 2025

First Option Mortgage in South Carolina: approval rate, denial rate and rates (2025)

First Option Mortgage took 28 mortgage applications in South Carolina in 2025, ranking #406 of 1,143 lenders active in the state. It originated 82.1% of them and denied 3.6% (4.0% of the applications it decided), against a statewide denial rate of 18.3%.

28Applicationsin SC
4.0%Decision denial ratestate 23.5%
8.25%Median ratestate 6.50%
$260,000Median loanstate $225,000
$4.3MVolume11 counties

First Option Mortgage in South Carolina vs the state

3.6%Denial rate-14.74 pts vs state
4.0%Decision denial rate-19.47 pts vs state
82.1%Origination rate+25.53 pts vs state
8.25%Median rate+1.75 pts vs state
2.71Rate spread (pts)+2.49 pts vs state
$106kMedian applicant income
23Loans originated
1Denied

Trend in South Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
202314100.0%7.00%#475
202438220.0%7.50%#363
202528233.6%8.25%#406

What First Option Mortgage lends in South Carolina

By loan purpose

Home purchase 26 93% · 3.9% denied
Refinance 2 7% · 0.0% denied

By loan type

Conventional 19 68% · 0.0% denied
FHA 9 32% · 11.1% denied

Why it denied South Carolina applicants

Incomplete application 1 100%

Where in South Carolina

Counties with the most First Option Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Berkeley County 14110 0.0%
Spartanburg County 330 0.0%
Horry County 220 0.0%
Dorchester County 220 0.0%
Charleston County 110 0.0%
Laurens County 101 100.0%
Cherokee County 110 0.0%
Aiken County 110 0.0%
York County 110 0.0%
Greenville County 100 0.0%

Other large lenders in South Carolina

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 13,40316.8%6.63%
Vanderbilt Mortgage and FinanceF 12,27240.7%6.50%
United Shore Financial ServicesB 9,23612.8%6.13%
21st MortgageF 6,51048.2%10.41%
Dhi Mortgage CompanyB 6,18417.4%4.99%
Navy Federal Credit UnionD 5,42421.2%7.50%
First-Citizens Bank & TrustB 5,39920.9%6.38%
Freedom MortgageB 5,2967.3%6.25%
Mortgage Research CenterC 5,18919.1%6.25%
Bank of AmericaF 5,00933.1%6.24%

Frequently asked questions

South Carolina: 28 applications in 2025, of which 23 were originated and 1 denied.

3.6% of all applications, or 4.0% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.

The median rate on loans First Option Mortgage originated in South Carolina in 2025 was 8.25%, against a statewide median of 6.50%.

About this data. Figures are First Option Mortgage's own HMDA filing for properties located in South Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology