The Loan Store · South Carolina · 2025

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

The Loan Store took 897 mortgage applications in South Carolina in 2025, ranking #64 of 1,143 lenders active in the state. It originated 74.6% of them and denied 7.0% (7.6% of the applications it decided), against a statewide denial rate of 18.3%.

897Applicationsin SC
7.6%Decision denial ratestate 23.5%
6.63%Median ratestate 6.50%
$235,000Median loanstate $225,000
$180MVolume36 counties

The Loan Store in South Carolina vs the state

7.0%Denial rate-11.29 pts vs state
7.6%Decision denial rate-15.83 pts vs state
74.6%Origination rate+17.97 pts vs state
6.63%Median rate+0.13 pts vs state
0.33Rate spread (pts)+0.11 pts vs state
$109kMedian applicant income
669Loans originated
63Denied

Trend in South Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023985812.2%6.88%#235
20245593909.3%6.63%#81
20258976697.0%6.63%#64

What The Loan Store lends in South Carolina

By loan purpose

Home purchase 621 69% · 4.7% denied
Refinance 34 4% · 5.9% denied
Cash-out refinance 68 8% · 5.9% denied
Home improvement 49 5% · 10.2% denied
Other / HELOC 125 14% · 18.4% denied

By loan type

Conventional 739 82% · 7.2% denied
FHA 113 13% · 5.3% denied
VA 26 3% · 11.5% denied
USDA / RHS 19 2% · 5.3% denied

Why it denied South Carolina applicants

Debt-to-income ratio 27 43%
Collateral 14 22%
Other 8 13%
Incomplete application 7 11%
Credit history 5 8%
Insufficient cash 1 2%
Unverifiable information 1 2%

Where in South Carolina

Counties with the most The Loan Store applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Spartanburg County 2412116 2.5%
Greenville County 122999 7.4%
Horry County 113727 6.2%
Charleston County 63454 6.3%
York County 58413 5.2%
Richland County 31221 3.2%
Beaufort County 31186 19.4%
Dorchester County 25184 16.0%
Anderson County 25193 12.0%
Berkeley County 24193 12.5%

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: 897 applications in 2025, of which 669 were originated and 63 denied.

7.0% of all applications, or 7.6% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.

The median rate on loans The Loan Store originated in South 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 South Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology