The Federal Savings Bank · North Carolina · 2025

The Federal Savings Bank in North Carolina: approval rate, denial rate and rates (2025)

The Federal Savings Bank took 1,033 mortgage applications in North Carolina in 2025, ranking #83 of 1,253 lenders active in the state. It originated 40.0% of them and denied 7.9% (16.2% of the applications it decided), against a statewide denial rate of 18.1%.

1.0kApplicationsin NC
16.2%Decision denial ratestate 22.8%
6.50%Median ratestate 6.50%
$305,000Median loanstate $225,000
$149MVolume90 counties

The Federal Savings Bank in North Carolina vs the state

7.9%Denial rate-10.12 pts vs state
16.2%Decision denial rate-6.61 pts vs state
40.0%Origination rate-17.83 pts vs state
6.50%Median rate0.00 pts vs state
0.32Rate spread (pts)+0.24 pts vs state
$90kMedian applicant income
413Loans originated
82Denied

Trend in North Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,2164888.9%6.63%#69
20241,1144348.0%6.63%#73
20251,0334137.9%6.50%#83

What The Federal Savings Bank lends in North Carolina

By loan purpose

Home purchase 205 20% · 5.4% denied
Refinance 100 10% · 17.0% denied
Cash-out refinance 685 66% · 7.5% denied
Home improvement 21 2% · 4.8% denied
Other / HELOC 22 2% · 9.1% denied

By loan type

Conventional 192 19% · 5.7% denied
FHA 98 9% · 8.2% denied
VA 743 72% · 8.5% denied

Why it denied North Carolina applicants

Incomplete application 29 35%
Credit history 13 16%
Collateral 12 15%
Debt-to-income ratio 11 13%
Other 9 11%
Unverifiable information 7 9%
Employment history 1 1%

Where in North Carolina

Counties with the most The Federal Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cumberland County 98329 9.2%
Wake County 84465 6.0%
Onslow County 64278 12.5%
Mecklenburg County 62178 12.9%
Harnett County 39162 5.1%
Guilford County 36115 13.9%
Johnston County 29141 3.4%
Forsyth County 2774 14.8%
Durham County 24122 8.3%
Wayne County 2450 0.0%

Other large lenders in North Carolina

LenderGradeApplicationsDenial rateMedian rate
State Employees'C 47,89325.2%6.25%
Rocket MortgageC 25,10916.0%6.63%
United Shore Financial ServicesB 18,88411.4%6.13%
Vanderbilt Mortgage and FinanceF 15,00838.0%7.75%
Truist BankC 14,36430.3%6.50%
Movement MortgageA 11,0912.6%6.63%
Navy Federal Credit UnionD 10,56519.4%7.13%
First-Citizens Bank & TrustB 10,31919.6%6.38%
Bank of AmericaF 10,27628.2%6.24%
Mortgage Research CenterC 10,02917.7%6.25%

Frequently asked questions

North Carolina: 1,033 applications in 2025, of which 413 were originated and 82 denied.

7.9% of all applications, or 16.2% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.

The median rate on loans The Federal Savings Bank originated in North Carolina in 2025 was 6.50%, against a statewide median of 6.50%.

About this data. Figures are The Federal Savings 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