Newrez · South Carolina · 2025

Newrez in South Carolina: approval rate, denial rate and rates (2025)

Newrez took 3,749 mortgage applications in South Carolina in 2025, ranking #18 of 1,143 lenders active in the state. It originated 35.6% of them and denied 18.9% (34.1% of the applications it decided), against a statewide denial rate of 18.3%.

3.7kApplicationsin SC
34.1%Decision denial ratestate 23.5%
6.50%Median ratestate 6.50%
$225,000Median loanstate $225,000
$388MVolume46 counties

Newrez in South Carolina vs the state

18.9%Denial rate+0.60 pts vs state
34.1%Decision denial rate+10.67 pts vs state
35.6%Origination rate-21.03 pts vs state
6.50%Median rate0.00 pts vs state
0.35Rate spread (pts)+0.12 pts vs state
$90kMedian applicant income
1,334Loans originated
709Denied

Trend in South Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,76155723.9%6.75%#26
20242,64594920.7%6.75%#21
20253,7491,33418.9%6.50%#18

What Newrez lends in South Carolina

By loan purpose

Home purchase 664 18% · 10.4% denied
Refinance 1,242 33% · 11.8% denied
Cash-out refinance 1,841 49% · 26.7% denied
Home improvement 2 0% · 50.0% denied

By loan type

Conventional 1,937 52% · 18.6% denied
FHA 887 24% · 29.0% denied
VA 905 24% · 9.6% denied
USDA / RHS 20 1% · 20.0% denied

Why it denied South Carolina applicants

Debt-to-income ratio 410 58%
Credit history 123 17%
Collateral 59 8%
Unverifiable information 49 7%
Insufficient cash 26 4%
Other 26 4%
Employment history 14 2%
Mortgage insurance denied 1 0%
Incomplete application 1 0%

Where in South Carolina

Counties with the most Newrez applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Horry County 38813567 17.3%
Richland County 35111878 22.2%
Charleston County 34713959 17.0%
Greenville County 30611851 16.7%
Berkeley County 2618941 15.7%
Spartanburg County 2468148 19.5%
York County 2169542 19.4%
Lexington County 2107332 15.2%
Dorchester County 1756132 18.3%
Beaufort County 1606532 20.0%

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%
Mortgage Research CenterC 5,18919.1%6.25%
Bank of AmericaF 5,00933.1%6.24%

Frequently asked questions

South Carolina: 3,749 applications in 2025, of which 1,334 were originated and 709 denied.

18.9% of all applications, or 34.1% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.

The median rate on loans Newrez originated in South Carolina in 2025 was 6.50%, against a statewide median of 6.50%.

About this data. Figures are Newrez'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