PNC Bank in North Carolina vs the state
28.2%Denial rate+10.14 pts vs state
33.9%Decision denial rate+11.11 pts vs state
52.8%Origination rate-4.97 pts vs state
7.14%Median rate+0.64 pts vs state
0.13Rate spread (pts)+0.04 pts vs state
$104kMedian applicant income
2,361Loans originated
1,260Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 5,689 | 3,041 | 25.7% | 8.49% | #17 |
| 2024 | 4,432 | 2,338 | 26.9% | 8.53% | #26 |
| 2025 | 4,468 | 2,361 | 28.2% | 7.14% | #25 |
What PNC Bank lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most PNC Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wake County | 613 | 369 | 139 | 22.7% |
| Mecklenburg County | 533 | 310 | 131 | 24.6% |
| Johnston County | 187 | 113 | 44 | 23.5% |
| New Hanover County | 167 | 100 | 38 | 22.8% |
| Guilford County | 143 | 69 | 42 | 29.4% |
| Brunswick County | 133 | 72 | 35 | 26.3% |
| Cumberland County | 120 | 53 | 44 | 36.7% |
| Durham County | 120 | 74 | 27 | 22.5% |
| Union County | 109 | 51 | 32 | 29.4% |
| Iredell County | 106 | 59 | 31 | 29.2% |
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: 4,468 applications in 2025, of which 2,361 were originated and 1,260 denied.
28.2% of all applications, or 33.9% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans PNC Bank originated in North Carolina in 2025 was 7.14%, against a statewide median of 6.50%.
About this data. Figures are PNC 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