HONDA Federal Credit Union · North Carolina · 2025

HONDA Federal Credit Union in North Carolina: approval rate, denial rate and rates (2025)

HONDA Federal Credit Union took 29 mortgage applications in North Carolina in 2025, ranking #476 of 1,253 lenders active in the state. It originated 51.7% of them and denied 17.2% (25.0% of the applications it decided), against a statewide denial rate of 18.1%.

29Applicationsin NC
25.0%Decision denial ratestate 22.8%
7.25%Median ratestate 6.50%
$85,000Median loanstate $225,000
$1.4MVolume9 counties

HONDA Federal Credit Union in North Carolina vs the state

17.2%Denial rate-0.82 pts vs state
25.0%Decision denial rate+2.18 pts vs state
51.7%Origination rate-6.09 pts vs state
7.25%Median rate+0.75 pts vs state
7.03Rate spread (pts)+6.95 pts vs state
$118kMedian applicant income
15Loans originated
5Denied

Trend in North Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023201020.0%7.69%#505
202433279.1%8.00%#437
2025291517.2%7.25%#476

What HONDA Federal Credit Union lends in North Carolina

By loan purpose

Home purchase 6 21% · 16.7% denied
Refinance 2 7% · 0.0% denied
Cash-out refinance 18 62% · 22.2% denied
Home improvement 3 10% · 0.0% denied

By loan type

Conventional 29 100% · 17.2% denied

Why it denied North Carolina applicants

Credit history 3 60%
Insufficient cash 1 20%
Collateral 1 20%

Where in North Carolina

Counties with the most HONDA Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Guilford County 1142 18.2%
Alamance County 850 0.0%
Davie County 321 33.3%
Surry County 211 50.0%
Forsyth County 110 0.0%
Davidson County 101 100.0%
Randolph County 110 0.0%
Caswell County 110 0.0%
Catawba County 100 0.0%

Other large lenders in North Carolina

LenderGradeApplicationsDenial rateMedian rate
State Employees'C 47,89325.2%6.25%
Rocket MortgageC 25,10916.0%6.63%
United Shore Financial ServicesB 18,88411.4%6.13%
Vanderbilt Mortgage and FinanceF 15,00838.0%7.75%
Truist BankC 14,36430.3%6.50%
Movement MortgageA 11,0912.6%6.63%
Navy Federal Credit UnionD 10,56519.4%7.13%
First-Citizens Bank & TrustB 10,31919.6%6.38%
Bank of AmericaF 10,27628.2%6.24%
Mortgage Research CenterC 10,02917.7%6.25%

Frequently asked questions

North Carolina: 29 applications in 2025, of which 15 were originated and 5 denied.

17.2% of all applications, or 25.0% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.

The median rate on loans HONDA Federal Credit Union originated in North Carolina in 2025 was 7.25%, against a statewide median of 6.50%.

About this data. Figures are HONDA Federal Credit Union'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