South Atlantic Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
74th4.9% deniedProcesswithdrawn + incomplete share, weight 15%
30th16.5%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 261 | 204 | 2.3% | 2.8% | 7.38% | $155M |
| 2024 | 280 | 225 | 4.3% | 5.0% | — | $113M |
| 2025 | 321 | 252 | 4.1% | 4.9% | — | $148M |
What South Atlantic Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 59 investment properties.
Who gets approved at South Atlantic Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 22 | 18 | 0.0% |
| $50k – $100k | 50 | 43 | 8.5% |
| $100k – $150k | 48 | 33 | 10.8% |
| $150k – $250k | 58 | 44 | 6.1% |
| Over $250k | 97 | 76 | 2.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 39 | 27 | 10.0% |
| 35–44 | 46 | 35 | 7.7% |
| 45–54 | 38 | 31 | 6.1% |
| 55–64 | 74 | 59 | 1.7% |
| 65–74 | 44 | 34 | 2.8% |
| Over 74 | 26 | 19 | 9.5% |
Where South Atlantic Bank lends
4 states and 19 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| South Carolina | 300 | 238 | 4.0% | — | #138 |
| North Carolina | 18 | 13 | 5.6% | — | #543 |
Frequently asked questions
South Atlantic Bank denied 4.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 74th percentile of small mortgage lenders.
In 2025, 67% of its applications were for home purchases, 29% for refinancing (including cash-out), and 4% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.