Truist Bank · North Carolina · 2025

Truist Bank in North Carolina: approval rate, denial rate and rates (2025)

Truist Bank took 14,364 mortgage applications in North Carolina in 2025, ranking #5 of 1,253 lenders active in the state. It originated 55.1% of them and denied 30.3% (34.5% of the applications it decided), against a statewide denial rate of 18.1%.

14kApplicationsin NC
34.5%Decision denial ratestate 22.8%
6.50%Median ratestate 6.50%
$135,000Median loanstate $225,000
$2.3BVolume100 counties

Truist Bank in North Carolina vs the state

30.3%Denial rate+12.27 pts vs state
34.5%Decision denial rate+11.68 pts vs state
55.1%Origination rate-2.67 pts vs state
6.50%Median rate0.00 pts vs state
-0.05Rate spread (pts)-0.14 pts vs state
$101kMedian applicant income
7,920Loans originated
4,357Denied

Trend in North Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
202315,6408,27834.1%7.49%#4
202413,7317,01135.3%7.34%#5
202514,3647,92030.3%6.50%#5

What Truist Bank lends in North Carolina

By loan purpose

Home purchase 3,585 25% · 8.8% denied
Refinance 3,155 22% · 28.3% denied
Cash-out refinance 701 5% · 11.0% denied
Home improvement 2,767 19% · 45.4% denied
Other / HELOC 4,156 29% · 43.7% denied

By loan type

Conventional 13,842 96% · 31.1% denied
FHA 346 2% · 15.0% denied
VA 159 1% · 2.5% denied
USDA / RHS 17 0% · 11.8% denied

Why it denied North Carolina applicants

Debt-to-income ratio 1,433 33%
Incomplete application 1,409 32%
Credit history 928 21%
Collateral 300 7%
Other 198 5%
Unverifiable information 36 1%
Employment history 27 1%
Insufficient cash 26 1%

Where in North Carolina

Counties with the most Truist Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wake County 1,540856479 31.1%
Mecklenburg County 1,409794422 30.0%
Guilford County 871444293 33.6%
Forsyth County 541307159 29.4%
Union County 508321127 25.0%
Brunswick County 466263128 27.5%
Durham County 444215132 29.7%
Pitt County 38325575 19.6%
Catawba County 380221102 26.8%
Gaston County 379210112 29.6%

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%
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%
Freedom MortgageB 9,6327.1%6.13%

Frequently asked questions

North Carolina: 14,364 applications in 2025, of which 7,920 were originated and 4,357 denied.

30.3% of all applications, or 34.5% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.

The median rate on loans Truist Bank originated in North Carolina in 2025 was 6.50%, against a statewide median of 6.50%.

About this data. Figures are Truist Bank'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