Pennymac Loan Services · South Carolina · 2025

Pennymac Loan Services in South Carolina: approval rate, denial rate and rates (2025)

Pennymac Loan Services took 4,524 mortgage applications in South Carolina in 2025, ranking #11 of 1,143 lenders active in the state. It originated 48.6% of them and denied 11.3% (18.2% of the applications it decided), against a statewide denial rate of 18.3%.

4.5kApplicationsin SC
18.2%Decision denial ratestate 23.5%
6.25%Median ratestate 6.50%
$235,000Median loanstate $225,000
$573MVolume46 counties

Pennymac Loan Services in South Carolina vs the state

11.3%Denial rate-7.06 pts vs state
18.2%Decision denial rate-5.26 pts vs state
48.6%Origination rate-8.00 pts vs state
6.25%Median rate-0.25 pts vs state
0.24Rate spread (pts)+0.01 pts vs state
$97kMedian applicant income
2,199Loans originated
509Denied

Trend in South Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,76781013.4%6.25%#25
20242,7781,26613.1%6.38%#19
20254,5242,19911.3%6.25%#11

What Pennymac Loan Services lends in South Carolina

By loan purpose

Home purchase 626 14% · 11.3% denied
Refinance 1,757 39% · 7.4% denied
Cash-out refinance 1,043 23% · 15.7% denied
Other / HELOC 1,098 24% · 13.1% denied

By loan type

Conventional 2,100 46% · 11.3% denied
FHA 1,428 32% · 11.3% denied
VA 974 22% · 10.7% denied
USDA / RHS 22 0% · 31.8% denied

Why it denied South Carolina applicants

Debt-to-income ratio 134 26%
Incomplete application 109 21%
Collateral 107 21%
Credit history 91 18%
Unverifiable information 29 6%
Other 17 3%
Insufficient cash 16 3%
Employment history 6 1%

Where in South Carolina

Counties with the most Pennymac Loan Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Greenville County 48023546 9.6%
Horry County 43920051 11.6%
Richland County 38417242 10.9%
Spartanburg County 34015942 12.4%
York County 31617622 7.0%
Berkeley County 31214936 11.5%
Charleston County 30416129 9.5%
Lexington County 30415531 10.2%
Dorchester County 2119821 10.0%
Anderson County 1799227 15.1%

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

Frequently asked questions

South Carolina: 4,524 applications in 2025, of which 2,199 were originated and 509 denied.

11.3% of all applications, or 18.2% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.

The median rate on loans Pennymac Loan Services originated in South Carolina in 2025 was 6.25%, against a statewide median of 6.50%.

About this data. Figures are Pennymac Loan Services'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