First Palmetto Bank · South Carolina · 2025

First Palmetto Bank in South Carolina: approval rate, denial rate and rates (2025)

First Palmetto Bank took 518 mortgage applications in South Carolina in 2025, ranking #95 of 1,143 lenders active in the state. It originated 83.2% of them and denied 4.6% (5.3% of the applications it decided), against a statewide denial rate of 18.3%.

518Applicationsin SC
5.3%Decision denial ratestate 23.5%
6.50%Median ratestate 6.50%
$255,000Median loanstate $225,000
$143MVolume28 counties

First Palmetto Bank in South Carolina vs the state

4.6%Denial rate-13.68 pts vs state
5.3%Decision denial rate-18.21 pts vs state
83.2%Origination rate+26.59 pts vs state
6.50%Median rate0.00 pts vs state
0.22Rate spread (pts)0.00 pts vs state
$108kMedian applicant income
431Loans originated
24Denied

Trend in South Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
20235955283.4%6.75%#76
20245634883.6%6.63%#79
20255184314.6%6.50%#95

What First Palmetto Bank lends in South Carolina

By loan purpose

Home purchase 407 79% · 4.2% denied
Refinance 64 12% · 9.4% denied
Cash-out refinance 41 8% · 0.0% denied
Home improvement 6 1% · 16.7% denied

By loan type

Conventional 380 73% · 4.2% denied
FHA 82 16% · 7.3% denied
VA 43 8% · 4.7% denied
USDA / RHS 13 3% · 0.0% denied

Why it denied South Carolina applicants

Debt-to-income ratio 10 42%
Collateral 6 25%
Credit history 4 17%
Insufficient cash 2 8%
Other 1 4%
Unverifiable information 1 4%

Where in South Carolina

Counties with the most First Palmetto Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Richland County 1521245 3.3%
Lexington County 103925 4.9%
Kershaw County 60503 5.0%
Greenville County 58482 3.4%
Horry County 30215 16.7%
Spartanburg County 16140 0.0%
Aiken County 15140 0.0%
Charleston County 14110 0.0%
Orangeburg County 961 11.1%
Berkeley County 651 16.7%

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: 518 applications in 2025, of which 431 were originated and 24 denied.

4.6% of all applications, or 5.3% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.

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

About this data. Figures are First Palmetto Bank'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