Homestead Funding in North Carolina vs the state
1.0%Denial rate-17.11 pts vs state
1.0%Decision denial rate-21.78 pts vs state
90.5%Origination rate+32.67 pts vs state
5.99%Median rate-0.51 pts vs state
-0.19Rate spread (pts)-0.28 pts vs state
$175kMedian applicant income
95Loans originated
1Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 71 | 53 | 2.8% | 6.50% | #329 |
| 2024 | 114 | 96 | 1.8% | 6.38% | #286 |
| 2025 | 105 | 95 | 1.0% | 5.99% | #317 |
What Homestead Funding lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most Homestead Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wake County | 31 | 25 | 0 | 0.0% |
| Mecklenburg County | 14 | 13 | 0 | 0.0% |
| Durham County | 7 | 6 | 0 | 0.0% |
| Union County | 7 | 7 | 0 | 0.0% |
| Guilford County | 5 | 5 | 0 | 0.0% |
| New Hanover County | 5 | 4 | 1 | 20.0% |
| Cabarrus County | 4 | 4 | 0 | 0.0% |
| Johnston County | 4 | 4 | 0 | 0.0% |
| Brunswick County | 3 | 3 | 0 | 0.0% |
| Buncombe County | 2 | 2 | 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: 105 applications in 2025, of which 95 were originated and 1 denied.
1.0% of all applications, or 1.0% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Homestead Funding originated in North Carolina in 2025 was 5.99%, against a statewide median of 6.50%.
About this data. Figures are Homestead Funding'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