HONDA Federal Credit Union · South Carolina · 2025

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

HONDA Federal Credit Union took 17 mortgage applications in South Carolina in 2025, ranking #470 of 1,143 lenders active in the state. It originated 47.1% of them and denied 29.4% (38.5% of the applications it decided), against a statewide denial rate of 18.3%.

17Applicationsin SC
38.5%Decision denial ratestate 23.5%
6.25%Median ratestate 6.50%
$175,000Median loanstate $225,000
$1.5MVolume6 counties

HONDA Federal Credit Union in South Carolina vs the state

29.4%Denial rate+11.10 pts vs state
38.5%Decision denial rate+14.99 pts vs state
47.1%Origination rate-9.55 pts vs state
6.25%Median rate-0.25 pts vs state
-0.17Rate spread (pts)-0.39 pts vs state
$84kMedian applicant income
8Loans originated
5Denied

Trend in South Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023221618.2%7.19%#413
20241080.0%8.50%#529
202517829.4%6.25%#470

What HONDA Federal Credit Union lends in South Carolina

By loan purpose

Home purchase 9 53% · 22.2% denied
Refinance 2 12% · 50.0% denied
Cash-out refinance 3 18% · 66.7% denied
Home improvement 3 18% · 0.0% denied

By loan type

Conventional 17 100% · 29.4% denied

Why it denied South Carolina applicants

Credit history 2 40%
Debt-to-income ratio 1 20%
Collateral 1 20%
Insufficient cash 1 20%

Where in South Carolina

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

CountyApplicationsOriginatedDeniedDenial rate
Florence County 1034 40.0%
Horry County 211 50.0%
Darlington County 220 0.0%
Richland County 110 0.0%
York County 100 0.0%
Oconee County 110 0.0%

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: 17 applications in 2025, of which 8 were originated and 5 denied.

29.4% of all applications, or 38.5% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.

The median rate on loans HONDA Federal Credit Union originated in South Carolina in 2025 was 6.25%, against a statewide median of 6.50%.

About this data. Figures are HONDA Federal Credit Union's own HMDA filing for properties located in South Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology