Southern First Bank · South Carolina · 2025

Southern First Bank in South Carolina: approval rate, denial rate and rates (2025)

Southern First Bank took 1,204 mortgage applications in South Carolina in 2025, ranking #48 of 1,143 lenders active in the state. It originated 85.6% of them and denied 1.7% (2.0% of the applications it decided), against a statewide denial rate of 18.3%.

1.2kApplicationsin SC
2.0%Decision denial ratestate 23.5%
6.88%Median ratestate 6.50%
$305,000Median loanstate $225,000
$412MVolume27 counties

Southern First Bank in South Carolina vs the state

1.7%Denial rate-16.57 pts vs state
2.0%Decision denial rate-21.50 pts vs state
85.6%Origination rate+28.94 pts vs state
6.88%Median rate+0.38 pts vs state
0.18Rate spread (pts)-0.04 pts vs state
$170kMedian applicant income
1,030Loans originated
21Denied

Trend in South Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,0348762.0%6.99%#47
20241,0378532.7%7.13%#48
20251,2041,0301.7%6.88%#48

What Southern First Bank lends in South Carolina

By loan purpose

Home purchase 691 57% · 1.0% denied
Refinance 227 19% · 2.2% denied
Cash-out refinance 22 2% · 9.1% denied
Home improvement 147 12% · 2.7% denied
Other / HELOC 117 10% · 2.6% denied

By loan type

Conventional 1,129 94% · 1.5% denied
FHA 44 4% · 6.8% denied
VA 27 2% · 3.7% denied
USDA / RHS 4 0% · 0.0% denied

Why it denied South Carolina applicants

Credit history 9 43%
Debt-to-income ratio 5 24%
Unverifiable information 3 14%
Collateral 2 10%
Other 2 10%

Where in South Carolina

Counties with the most Southern First Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Greenville County 6836006 0.9%
Charleston County 1331085 3.8%
Spartanburg County 84702 2.4%
Anderson County 78690 0.0%
Richland County 40342 5.0%
Pickens County 34271 2.9%
Dorchester County 31262 6.5%
Berkeley County 29231 3.4%
Lexington County 19121 5.3%
Oconee County 14120 0.0%

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: 1,204 applications in 2025, of which 1,030 were originated and 21 denied.

1.7% of all applications, or 2.0% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.

The median rate on loans Southern First Bank originated in South Carolina in 2025 was 6.88%, against a statewide median of 6.50%.

About this data. Figures are Southern First Bank'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