TOWER Federal Credit Union in South Carolina vs the state
26.4%Denial rate+8.12 pts vs state
29.6%Decision denial rate+6.13 pts vs state
62.1%Origination rate+5.53 pts vs state
7.00%Median rate+0.50 pts vs state
-0.26Rate spread (pts)-0.48 pts vs state
$150kMedian applicant income
87Loans originated
37Denied
Trend in South Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 132 | 71 | 33.3% | 7.00% | #212 |
| 2024 | 142 | 82 | 25.4% | 8.00% | #202 |
| 2025 | 140 | 87 | 26.4% | 7.00% | #215 |
What TOWER Federal Credit Union lends in South Carolina
By loan purpose
By loan type
Why it denied South Carolina applicants
Where in South Carolina
Counties with the most TOWER Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Charleston County | 31 | 20 | 8 | 25.8% |
| York County | 19 | 10 | 5 | 26.3% |
| Horry County | 14 | 7 | 6 | 42.9% |
| Greenville County | 13 | 8 | 3 | 23.1% |
| Beaufort County | 10 | 6 | 2 | 20.0% |
| Richland County | 9 | 6 | 2 | 22.2% |
| Dorchester County | 9 | 8 | 1 | 11.1% |
| Lexington County | 8 | 6 | 2 | 25.0% |
| Berkeley County | 7 | 2 | 3 | 42.9% |
| Lancaster County | 5 | 3 | 1 | 20.0% |
Other large lenders in South Carolina
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 13,403 | 16.8% | 6.63% |
| Vanderbilt Mortgage and Finance | F | 12,272 | 40.7% | 6.50% |
| United Shore Financial Services | B | 9,236 | 12.8% | 6.13% |
| 21st Mortgage | F | 6,510 | 48.2% | 10.41% |
| Dhi Mortgage Company | B | 6,184 | 17.4% | 4.99% |
| Navy Federal Credit Union | D | 5,424 | 21.2% | 7.50% |
| First-Citizens Bank & Trust | B | 5,399 | 20.9% | 6.38% |
| Freedom Mortgage | B | 5,296 | 7.3% | 6.25% |
| Mortgage Research Center | C | 5,189 | 19.1% | 6.25% |
| Bank of America | F | 5,009 | 33.1% | 6.24% |
Frequently asked questions
South Carolina: 140 applications in 2025, of which 87 were originated and 37 denied.
26.4% of all applications, or 29.6% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.
The median rate on loans TOWER Federal Credit Union originated in South Carolina in 2025 was 7.00%, against a statewide median of 6.50%.
About this data. Figures are TOWER Federal Credit Union'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