Lower in North Carolina vs the state
7.9%Denial rate-10.18 pts vs state
10.8%Decision denial rate-12.04 pts vs state
64.5%Origination rate+6.66 pts vs state
6.50%Median rate0.00 pts vs state
0.28Rate spread (pts)+0.20 pts vs state
$98kMedian applicant income
1,047Loans originated
128Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 771 | 570 | 10.8% | 6.88% | #92 |
| 2024 | 840 | 495 | 10.5% | 6.63% | #86 |
| 2025 | 1,624 | 1,047 | 7.9% | 6.50% | #61 |
What Lower lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most Lower applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Mecklenburg County | 125 | 65 | 12 | 9.6% |
| Nash County | 117 | 96 | 2 | 1.7% |
| Wake County | 103 | 64 | 5 | 4.9% |
| Wayne County | 101 | 86 | 1 | 1.0% |
| Brunswick County | 73 | 56 | 3 | 4.1% |
| Carteret County | 70 | 54 | 6 | 8.6% |
| Onslow County | 59 | 40 | 4 | 6.8% |
| Union County | 55 | 32 | 9 | 16.4% |
| Forsyth County | 48 | 19 | 6 | 12.5% |
| New Hanover County | 48 | 38 | 1 | 2.1% |
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: 1,624 applications in 2025, of which 1,047 were originated and 128 denied.
7.9% of all applications, or 10.8% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Lower originated in North Carolina in 2025 was 6.50%, against a statewide median of 6.50%.
About this data. Figures are Lower'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