T2 Financial in North Carolina vs the state
6.5%Denial rate-11.60 pts vs state
7.3%Decision denial rate-15.56 pts vs state
75.8%Origination rate+17.94 pts vs state
6.63%Median rate+0.13 pts vs state
0.39Rate spread (pts)+0.31 pts vs state
$98kMedian applicant income
762Loans originated
65Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 417 | 320 | 6.0% | 6.93% | #129 |
| 2024 | 821 | 608 | 6.6% | 6.75% | #88 |
| 2025 | 1,006 | 762 | 6.5% | 6.63% | #85 |
What T2 Financial lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most T2 Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wake County | 139 | 110 | 7 | 5.0% |
| Onslow County | 114 | 102 | 2 | 1.8% |
| Brunswick County | 75 | 57 | 6 | 8.0% |
| Wilson County | 68 | 56 | 5 | 7.4% |
| Pender County | 44 | 37 | 1 | 2.3% |
| Cumberland County | 35 | 26 | 1 | 2.9% |
| New Hanover County | 35 | 31 | 0 | 0.0% |
| Johnston County | 34 | 23 | 2 | 5.9% |
| Nash County | 27 | 16 | 4 | 14.8% |
| Buncombe County | 24 | 17 | 2 | 8.3% |
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: 1,006 applications in 2025, of which 762 were originated and 65 denied.
6.5% of all applications, or 7.3% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans T2 Financial originated in North Carolina in 2025 was 6.63%, against a statewide median of 6.50%.
About this data. Figures are T2 Financial'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