Pennymac Loan Services in North Carolina vs the state
9.5%Denial rate-8.59 pts vs state
14.9%Decision denial rate-7.96 pts vs state
51.7%Origination rate-6.09 pts vs state
6.00%Median rate-0.50 pts vs state
-0.01Rate spread (pts)-0.10 pts vs state
$123kMedian applicant income
3,751Loans originated
687Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,400 | 1,658 | 12.6% | 6.13% | #26 |
| 2024 | 5,199 | 2,705 | 10.5% | 6.00% | #19 |
| 2025 | 7,253 | 3,751 | 9.5% | 6.00% | #15 |
What Pennymac Loan Services lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most Pennymac Loan Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wake County | 879 | 537 | 61 | 6.9% |
| Mecklenburg County | 763 | 427 | 67 | 8.8% |
| Cumberland County | 397 | 173 | 34 | 8.6% |
| Onslow County | 330 | 142 | 34 | 10.3% |
| Guilford County | 235 | 113 | 28 | 11.9% |
| Johnston County | 233 | 106 | 23 | 9.9% |
| Cabarrus County | 211 | 102 | 24 | 11.4% |
| Brunswick County | 203 | 105 | 17 | 8.4% |
| Union County | 199 | 117 | 10 | 5.0% |
| Harnett County | 190 | 87 | 14 | 7.4% |
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: 7,253 applications in 2025, of which 3,751 were originated and 687 denied.
9.5% of all applications, or 14.9% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Pennymac Loan Services originated in North Carolina in 2025 was 6.00%, against a statewide median of 6.50%.
About this data. Figures are Pennymac Loan Services'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