Flagstar Bank in North Carolina vs the state
31.6%Denial rate+13.54 pts vs state
38.4%Decision denial rate+15.61 pts vs state
48.5%Origination rate-9.34 pts vs state
6.63%Median rate+0.13 pts vs state
0.20Rate spread (pts)+0.11 pts vs state
$122kMedian applicant income
158Loans originated
103Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,275 | 677 | 22.8% | 7.50% | #67 |
| 2024 | 1,095 | 608 | 21.4% | 6.75% | #75 |
| 2025 | 326 | 158 | 31.6% | 6.63% | #187 |
What Flagstar Bank lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most Flagstar Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Mecklenburg County | 56 | 29 | 14 | 25.0% |
| Wake County | 36 | 19 | 9 | 25.0% |
| Union County | 15 | 6 | 5 | 33.3% |
| Gaston County | 15 | 10 | 3 | 20.0% |
| Guilford County | 11 | 6 | 4 | 36.4% |
| Cumberland County | 11 | 6 | 2 | 18.2% |
| Iredell County | 11 | 5 | 3 | 27.3% |
| Lincoln County | 10 | 4 | 4 | 40.0% |
| Cabarrus County | 9 | 4 | 2 | 22.2% |
| Forsyth County | 9 | 6 | 3 | 33.3% |
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: 326 applications in 2025, of which 158 were originated and 103 denied.
31.6% of all applications, or 38.4% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Flagstar Bank originated in North Carolina in 2025 was 6.63%, against a statewide median of 6.50%.
About this data. Figures are Flagstar Bank'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