North State Bank · North Carolina · 2025

North State Bank in North Carolina: approval rate, denial rate and rates (2025)

North State Bank took 596 mortgage applications in North Carolina in 2025, ranking #125 of 1,253 lenders active in the state. It originated 82.6% of them and denied 2.2% (2.6% of the applications it decided), against a statewide denial rate of 18.1%.

596Applicationsin NC
2.6%Decision denial ratestate 22.8%
6.63%Median ratestate 6.50%
$325,000Median loanstate $225,000
$193MVolume43 counties

North State Bank in North Carolina vs the state

2.2%Denial rate-15.88 pts vs state
2.6%Decision denial rate-20.27 pts vs state
82.6%Origination rate+24.74 pts vs state
6.63%Median rate+0.13 pts vs state
0.01Rate spread (pts)-0.08 pts vs state
$137kMedian applicant income
492Loans originated
13Denied

Trend in North Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
20237165964.5%6.50%#98
20246355433.0%6.63%#114
20255964922.2%6.63%#125

What North State Bank lends in North Carolina

By loan purpose

Home purchase 487 82% · 1.4% denied
Refinance 67 11% · 1.5% denied
Cash-out refinance 31 5% · 12.9% denied
Home improvement 8 1% · 0.0% denied
Other / HELOC 3 1% · 33.3% denied

By loan type

Conventional 516 87% · 1.9% denied
FHA 52 9% · 5.8% denied
VA 23 4% · 0.0% denied
USDA / RHS 5 1% · 0.0% denied

Why it denied North Carolina applicants

Debt-to-income ratio 6 46%
Credit history 3 23%
Other 3 23%
Collateral 1 8%

Where in North Carolina

Counties with the most North State Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wake County 2181846 2.8%
New Hanover County 85692 2.4%
Franklin County 48411 2.1%
Brunswick County 35320 0.0%
Durham County 34241 2.9%
Johnston County 33261 3.0%
Granville County 19150 0.0%
Harnett County 15130 0.0%
Wilson County 1370 0.0%
Pender County 970 0.0%

Other large lenders in North Carolina

LenderGradeApplicationsDenial rateMedian rate
State Employees'C 47,89325.2%6.25%
Rocket MortgageC 25,10916.0%6.63%
United Shore Financial ServicesB 18,88411.4%6.13%
Vanderbilt Mortgage and FinanceF 15,00838.0%7.75%
Truist BankC 14,36430.3%6.50%
Movement MortgageA 11,0912.6%6.63%
Navy Federal Credit UnionD 10,56519.4%7.13%
First-Citizens Bank & TrustB 10,31919.6%6.38%
Bank of AmericaF 10,27628.2%6.24%
Mortgage Research CenterC 10,02917.7%6.25%

Frequently asked questions

North Carolina: 596 applications in 2025, of which 492 were originated and 13 denied.

2.2% of all applications, or 2.6% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.

The median rate on loans North State Bank originated in North Carolina in 2025 was 6.63%, against a statewide median of 6.50%.

About this data. Figures are North State Bank'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