Local Government in North Carolina vs the state
44.5%Denial rate+26.48 pts vs state
54.1%Decision denial rate+31.31 pts vs state
36.7%Origination rate-21.10 pts vs state
8.00%Median rate+1.50 pts vs state
0.87Rate spread (pts)+0.78 pts vs state
$84kMedian applicant income
642Loans originated
779Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 6,096 | 3,722 | 23.3% | 5.50% | #15 |
| 2024 | 3,300 | 1,545 | 34.7% | 8.75% | #32 |
| 2025 | 1,749 | 642 | 44.5% | 8.00% | #56 |
What Local Government lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most Local Government applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wake County | 94 | 45 | 30 | 31.9% |
| Mecklenburg County | 90 | 38 | 37 | 41.1% |
| Guilford County | 60 | 15 | 31 | 51.7% |
| Catawba County | 59 | 25 | 20 | 33.9% |
| Johnston County | 59 | 28 | 23 | 39.0% |
| Rowan County | 58 | 13 | 31 | 53.4% |
| Cabarrus County | 53 | 18 | 25 | 47.2% |
| Pitt County | 53 | 19 | 23 | 43.4% |
| Iredell County | 47 | 19 | 21 | 44.7% |
| Davidson County | 46 | 18 | 17 | 37.0% |
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: 1,749 applications in 2025, of which 642 were originated and 779 denied.
44.5% of all applications, or 54.1% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Local Government originated in North Carolina in 2025 was 8.00%, against a statewide median of 6.50%.
About this data. Figures are Local Government'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