The Loan Store · North Carolina · 2025

The Loan Store in North Carolina: approval rate, denial rate and rates (2025)

The Loan Store took 1,394 mortgage applications in North Carolina in 2025, ranking #68 of 1,253 lenders active in the state. It originated 73.8% of them and denied 8.5% (9.3% of the applications it decided), against a statewide denial rate of 18.1%.

1.4kApplicationsin NC
9.3%Decision denial ratestate 22.8%
6.63%Median ratestate 6.50%
$265,000Median loanstate $225,000
$326MVolume79 counties

The Loan Store in North Carolina vs the state

8.5%Denial rate-9.60 pts vs state
9.3%Decision denial rate-13.53 pts vs state
73.8%Origination rate+16.01 pts vs state
6.63%Median rate+0.13 pts vs state
0.32Rate spread (pts)+0.24 pts vs state
$146kMedian applicant income
1,029Loans originated
118Denied

Trend in North Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231781069.6%7.13%#206
20247935189.6%6.99%#92
20251,3941,0298.5%6.63%#68

What The Loan Store lends in North Carolina

By loan purpose

Home purchase 845 61% · 2.8% denied
Refinance 146 10% · 2.7% denied
Cash-out refinance 146 10% · 10.3% denied
Home improvement 94 7% · 29.8% denied
Other / HELOC 163 12% · 28.8% denied

By loan type

Conventional 1,309 94% · 8.4% denied
FHA 51 4% · 11.8% denied
VA 30 2% · 6.7% denied
USDA / RHS 4 0% · 0.0% denied

Why it denied North Carolina applicants

Debt-to-income ratio 61 52%
Incomplete application 21 18%
Collateral 15 13%
Credit history 11 9%
Other 9 8%
Insufficient cash 1 1%

Where in North Carolina

Counties with the most The Loan Store applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wake County 24520212 4.9%
Mecklenburg County 24417719 7.8%
Brunswick County 72535 6.9%
Union County 48339 18.8%
Guilford County 44353 6.8%
Durham County 41370 0.0%
Cabarrus County 41295 12.2%
New Hanover County 40303 7.5%
Johnston County 37280 0.0%
Harnett County 33242 6.1%

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: 1,394 applications in 2025, of which 1,029 were originated and 118 denied.

8.5% of all applications, or 9.3% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.

The median rate on loans The Loan Store originated in North Carolina in 2025 was 6.63%, against a statewide median of 6.50%.

About this data. Figures are The Loan Store'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