Velocio Mortgage in North Carolina vs the state
3.2%Denial rate-14.87 pts vs state
3.7%Decision denial rate-19.12 pts vs state
82.9%Origination rate+25.13 pts vs state
4.99%Median rate-1.51 pts vs state
-1.85Rate spread (pts)-1.94 pts vs state
$91kMedian applicant income
598Loans originated
23Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 279 | 183 | 3.2% | 6.00% | #162 |
| 2024 | 592 | 496 | 4.9% | 5.38% | #115 |
| 2025 | 721 | 598 | 3.2% | 4.99% | #109 |
What Velocio 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 Velocio Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wake County | 227 | 190 | 6 | 2.6% |
| Johnston County | 160 | 130 | 7 | 4.4% |
| Durham County | 117 | 102 | 1 | 0.9% |
| Nash County | 115 | 98 | 3 | 2.6% |
| Guilford County | 32 | 23 | 4 | 12.5% |
| Wilson County | 28 | 20 | 1 | 3.6% |
| Franklin County | 24 | 20 | 1 | 4.2% |
| Alamance County | 18 | 15 | 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: 721 applications in 2025, of which 598 were originated and 23 denied.
3.2% of all applications, or 3.7% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Velocio Mortgage originated in North Carolina in 2025 was 4.99%, against a statewide median of 6.50%.
About this data. Figures are Velocio 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