The Federal Savings Bank · South Carolina · 2025

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

The Federal Savings Bank took 485 mortgage applications in South Carolina in 2025, ranking #101 of 1,143 lenders active in the state. It originated 35.5% of them and denied 7.8% (17.6% of the applications it decided), against a statewide denial rate of 18.3%.

485Applicationsin SC
17.6%Decision denial ratestate 23.5%
6.25%Median ratestate 6.50%
$295,000Median loanstate $225,000
$62MVolume38 counties

The Federal Savings Bank in South Carolina vs the state

7.8%Denial rate-10.47 pts vs state
17.6%Decision denial rate-5.88 pts vs state
35.5%Origination rate-21.15 pts vs state
6.25%Median rate-0.25 pts vs state
0.18Rate spread (pts)-0.04 pts vs state
$82kMedian applicant income
172Loans originated
38Denied

Trend in South Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234431589.9%6.50%#94
20243941539.9%6.38%#102
20254851727.8%6.25%#101

What The Federal Savings Bank lends in South Carolina

By loan purpose

Home purchase 61 13% · 8.2% denied
Refinance 48 10% · 10.4% denied
Cash-out refinance 346 71% · 7.5% denied
Home improvement 12 2% · 8.3% denied
Other / HELOC 18 4% · 5.6% denied

By loan type

Conventional 63 13% · 6.4% denied
FHA 71 15% · 9.9% denied
VA 351 72% · 7.7% denied

Why it denied South Carolina applicants

Incomplete application 9 24%
Debt-to-income ratio 8 21%
Collateral 8 21%
Other 6 16%
Credit history 6 16%
Employment history 1 3%

Where in South Carolina

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

CountyApplicationsOriginatedDeniedDenial rate
Richland County 68255 7.4%
Horry County 53204 7.5%
Berkeley County 3985 12.8%
York County 32142 6.3%
Lexington County 30143 10.0%
Greenville County 30122 6.7%
Dorchester County 2773 11.1%
Charleston County 2282 9.1%
Spartanburg County 2253 13.6%
Beaufort County 1681 6.3%

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: 485 applications in 2025, of which 172 were originated and 38 denied.

7.8% of all applications, or 17.6% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.

The median rate on loans The Federal Savings Bank originated in South Carolina in 2025 was 6.25%, against a statewide median of 6.50%.

About this data. Figures are The Federal Savings 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