GMFS in North Carolina vs the state
4.2%Denial rate-13.89 pts vs state
5.3%Decision denial rate-17.56 pts vs state
37.5%Origination rate-20.31 pts vs state
6.75%Median rate+0.25 pts vs state
0.37Rate spread (pts)+0.29 pts vs state
$146kMedian applicant income
9Loans originated
1Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 14 | 13 | 0.0% | 7.00% | #567 |
| 2024 | 59 | 43 | 5.1% | 6.75% | #366 |
| 2025 | 24 | 9 | 4.2% | 6.75% | #500 |
What GMFS lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most GMFS applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Guilford County | 3 | 1 | 0 | 0.0% |
| Jackson County | 3 | 1 | 1 | 33.3% |
| Mecklenburg County | 3 | 1 | 0 | 0.0% |
| Davidson County | 2 | 0 | 0 | 0.0% |
| Yancey County | 1 | 0 | 0 | 0.0% |
| Wilkes County | 1 | 0 | 0 | 0.0% |
| Macon County | 1 | 1 | 0 | 0.0% |
| Caldwell County | 1 | 1 | 0 | 0.0% |
| Watauga County | 1 | 0 | 0 | 0.0% |
| Burke County | 1 | 0 | 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: 24 applications in 2025, of which 9 were originated and 1 denied.
4.2% of all applications, or 5.3% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans GMFS originated in North Carolina in 2025 was 6.75%, against a statewide median of 6.50%.
About this data. Figures are GMFS'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