Lennar Mortgage · North Carolina · 2025

Lennar Mortgage in North Carolina: approval rate, denial rate and rates (2025)

Lennar Mortgage took 3,467 mortgage applications in North Carolina in 2025, ranking #31 of 1,253 lenders active in the state. It originated 79.5% of them and denied 8.7% (9.9% of the applications it decided), against a statewide denial rate of 18.1%.

3.5kApplicationsin NC
9.9%Decision denial ratestate 22.8%
5.38%Median ratestate 6.50%
$305,000Median loanstate $225,000
$875MVolume23 counties

Lennar Mortgage in North Carolina vs the state

8.7%Denial rate-9.32 pts vs state
9.9%Decision denial rate-12.94 pts vs state
79.5%Origination rate+21.68 pts vs state
5.38%Median rate-1.13 pts vs state
-0.40Rate spread (pts)-0.49 pts vs state
$132kMedian applicant income
2,756Loans originated
303Denied

Trend in North Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,2562,2056.5%6.25%#27
20243,6872,8239.2%6.13%#29
20253,4672,7568.7%5.38%#31

What Lennar Mortgage lends in North Carolina

By loan purpose

Home purchase 3,463 100% · 8.8% denied
Refinance 3 0% · 0.0% denied
Cash-out refinance 1 0% · 0.0% denied

By loan type

Conventional 2,715 78% · 6.3% denied
FHA 560 16% · 19.5% denied
VA 180 5% · 11.1% denied
USDA / RHS 12 0% · 25.0% denied

Why it denied North Carolina applicants

Debt-to-income ratio 184 61%
Credit history 42 14%
Unverifiable information 35 12%
Other 15 5%
Employment history 12 4%
Insufficient cash 12 4%
Collateral 2 1%
Incomplete application 1 0%

Where in North Carolina

Counties with the most Lennar Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wake County 1,4161,143113 8.0%
Durham County 46738138 8.1%
Johnston County 31225538 12.2%
Brunswick County 26319416 6.1%
Gaston County 18012524 13.3%
Forsyth County 17513810 5.7%
Iredell County 16212213 8.0%
Catawba County 12810412 9.4%
Alamance County 111939 8.1%
Harnett County 755217 22.7%

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: 3,467 applications in 2025, of which 2,756 were originated and 303 denied.

8.7% of all applications, or 9.9% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.

The median rate on loans Lennar Mortgage originated in North Carolina in 2025 was 5.38%, against a statewide median of 6.50%.

About this data. Figures are Lennar Mortgage'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