State Employees' in North Carolina vs the state
25.2%Denial rate+7.14 pts vs state
30.2%Decision denial rate+7.33 pts vs state
57.6%Origination rate-0.23 pts vs state
6.25%Median rate-0.25 pts vs state
-0.69Rate spread (pts)-0.78 pts vs state
$92kMedian applicant income
27,575Loans originated
12,069Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 51,589 | 33,002 | 19.8% | 5.65% | #1 |
| 2024 | 45,025 | 27,195 | 23.7% | 7.25% | #1 |
| 2025 | 47,893 | 27,575 | 25.2% | 6.25% | #1 |
What State Employees' lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most State Employees' applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wake County | 5,718 | 3,417 | 1,319 | 23.1% |
| Guilford County | 2,207 | 1,237 | 571 | 25.9% |
| Mecklenburg County | 2,192 | 1,165 | 641 | 29.2% |
| Johnston County | 1,744 | 1,048 | 407 | 23.3% |
| Durham County | 1,540 | 879 | 410 | 26.6% |
| Forsyth County | 1,422 | 844 | 329 | 23.1% |
| Alamance County | 1,153 | 707 | 255 | 22.1% |
| Buncombe County | 1,056 | 613 | 247 | 23.4% |
| Pitt County | 1,037 | 613 | 240 | 23.1% |
| New Hanover County | 987 | 611 | 234 | 23.7% |
Other large lenders in North Carolina
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| 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% |
| Freedom Mortgage | B | 9,632 | 7.1% | 6.13% |
Frequently asked questions
North Carolina: 47,893 applications in 2025, of which 27,575 were originated and 12,069 denied.
25.2% of all applications, or 30.2% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans State Employees' originated in North Carolina in 2025 was 6.25%, against a statewide median of 6.50%.
About this data. Figures are State Employees''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