Mortgage Research Center · South Carolina · 2025

Mortgage Research Center in South Carolina: approval rate, denial rate and rates (2025)

Mortgage Research Center took 5,189 mortgage applications in South Carolina in 2025, ranking #9 of 1,143 lenders active in the state. It originated 45.0% of them and denied 19.1% (29.6% of the applications it decided), against a statewide denial rate of 18.3%.

5.2kApplicationsin SC
29.6%Decision denial ratestate 23.5%
6.25%Median ratestate 6.50%
$295,000Median loanstate $225,000
$750MVolume46 counties

Mortgage Research Center in South Carolina vs the state

19.1%Denial rate+0.75 pts vs state
29.6%Decision denial rate+6.08 pts vs state
45.0%Origination rate-11.65 pts vs state
6.25%Median rate-0.25 pts vs state
-0.25Rate spread (pts)-0.47 pts vs state
$93kMedian applicant income
2,333Loans originated
989Denied

Trend in South Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,6631,68016.9%6.75%#13
20244,4112,11116.6%6.63%#11
20255,1892,33319.1%6.25%#9

What Mortgage Research Center lends in South Carolina

By loan purpose

Home purchase 2,988 58% · 7.0% denied
Refinance 1,100 21% · 28.6% denied
Cash-out refinance 1,101 21% · 42.1% denied

By loan type

Conventional 360 7% · 25.0% denied
FHA 153 3% · 16.3% denied
VA 4,667 90% · 18.7% denied
USDA / RHS 9 0% · 11.1% denied

Why it denied South Carolina applicants

Credit history 560 57%
Other 188 19%
Incomplete application 144 15%
Debt-to-income ratio 54 5%
Collateral 28 3%
Employment history 8 1%
Insufficient cash 7 1%

Where in South Carolina

Counties with the most Mortgage Research Center applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Richland County 602255131 21.8%
Horry County 44618989 20.0%
Berkeley County 38915785 21.9%
Lexington County 33513771 21.2%
Spartanburg County 32214460 18.6%
Greenville County 32215359 18.3%
Dorchester County 30012352 17.3%
Sumter County 25413734 13.4%
York County 23411240 17.1%
Aiken County 22011631 14.1%

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%
Bank of AmericaF 5,00933.1%6.24%
Pennymac Loan ServicesC 4,52411.3%6.25%

Frequently asked questions

South Carolina: 5,189 applications in 2025, of which 2,333 were originated and 989 denied.

19.1% of all applications, or 29.6% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.

The median rate on loans Mortgage Research Center originated in South Carolina in 2025 was 6.25%, against a statewide median of 6.50%.

About this data. Figures are Mortgage Research Center'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