M/i Financial in North Carolina vs the state
0.4%Denial rate-17.69 pts vs state
0.4%Decision denial rate-22.44 pts vs state
88.8%Origination rate+31.01 pts vs state
5.88%Median rate-0.63 pts vs state
-0.65Rate spread (pts)-0.74 pts vs state
$173kMedian applicant income
723Loans originated
3Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 801 | 624 | 0.3% | 6.38% | #89 |
| 2024 | 804 | 690 | 0.4% | 6.63% | #91 |
| 2025 | 814 | 723 | 0.4% | 5.88% | #96 |
What M/i Financial lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most M/i Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wake County | 313 | 282 | 0 | 0.0% |
| Mecklenburg County | 186 | 162 | 1 | 0.5% |
| Cabarrus County | 171 | 152 | 0 | 0.0% |
| Union County | 90 | 80 | 1 | 1.1% |
| Catawba County | 29 | 25 | 1 | 3.4% |
| Iredell County | 25 | 22 | 0 | 0.0% |
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: 814 applications in 2025, of which 723 were originated and 3 denied.
0.4% of all applications, or 0.4% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans M/i Financial originated in North Carolina in 2025 was 5.88%, against a statewide median of 6.50%.
About this data. Figures are M/i Financial'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