Sofi Bank in North Carolina vs the state
7.1%Denial rate-10.99 pts vs state
15.7%Decision denial rate-7.14 pts vs state
37.3%Origination rate-20.54 pts vs state
6.99%Median rate+0.49 pts vs state
0.83Rate spread (pts)+0.74 pts vs state
$135kMedian applicant income
865Loans originated
164Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 566 | 262 | 10.3% | 6.88% | #113 |
| 2024 | 918 | 430 | 11.0% | 6.63% | #82 |
| 2025 | 2,321 | 865 | 7.1% | 6.99% | #42 |
What Sofi 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 Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Mecklenburg County | 435 | 197 | 30 | 6.9% |
| Wake County | 318 | 114 | 21 | 6.6% |
| Union County | 94 | 42 | 5 | 5.3% |
| Cabarrus County | 92 | 39 | 6 | 6.5% |
| Forsyth County | 89 | 31 | 7 | 7.9% |
| Guilford County | 87 | 33 | 3 | 3.4% |
| Durham County | 76 | 33 | 6 | 7.9% |
| Iredell County | 72 | 20 | 8 | 11.1% |
| Brunswick County | 56 | 15 | 6 | 10.7% |
| Gaston County | 55 | 23 | 2 | 3.6% |
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: 2,321 applications in 2025, of which 865 were originated and 164 denied.
7.1% of all applications, or 15.7% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Sofi Bank originated in North Carolina in 2025 was 6.99%, against a statewide median of 6.50%.
About this data. Figures are Sofi 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