Tomo Mortgage in North Carolina vs the state
8.3%Denial rate-9.77 pts vs state
19.1%Decision denial rate-3.74 pts vs state
35.2%Origination rate-22.65 pts vs state
6.38%Median rate-0.13 pts vs state
-0.13Rate spread (pts)-0.22 pts vs state
$171kMedian applicant income
212Loans originated
50Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 10 | 8 | 0.0% | 6.00% | #611 |
| 2024 | 192 | 81 | 1.0% | 6.50% | #215 |
| 2025 | 603 | 212 | 8.3% | 6.38% | #123 |
What Tomo Mortgage lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most Tomo Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wake County | 136 | 35 | 15 | 11.0% |
| Mecklenburg County | 115 | 32 | 10 | 8.7% |
| Durham County | 36 | 6 | 2 | 5.6% |
| Cabarrus County | 27 | 8 | 0 | 0.0% |
| Guilford County | 25 | 14 | 2 | 8.0% |
| Buncombe County | 20 | 15 | 1 | 5.0% |
| Brunswick County | 20 | 8 | 1 | 5.0% |
| Union County | 19 | 5 | 1 | 5.3% |
| New Hanover County | 16 | 7 | 1 | 6.3% |
| Gaston County | 13 | 5 | 0 | 0.0% |
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: 603 applications in 2025, of which 212 were originated and 50 denied.
8.3% of all applications, or 19.1% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Tomo Mortgage originated in North Carolina in 2025 was 6.38%, against a statewide median of 6.50%.
About this data. Figures are Tomo Mortgage'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