Veritas Funding in North Carolina vs the state
10.5%Denial rate-7.61 pts vs state
17.1%Decision denial rate-5.75 pts vs state
50.0%Origination rate-7.81 pts vs state
6.00%Median rate-0.50 pts vs state
0.29Rate spread (pts)+0.20 pts vs state
$65kMedian applicant income
67Loans originated
14Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 162 | 54 | 3.1% | 6.75% | #220 |
| 2024 | 173 | 74 | 4.1% | 6.50% | #230 |
| 2025 | 134 | 67 | 10.5% | 6.00% | #282 |
What Veritas Funding lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most Veritas Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Forsyth County | 10 | 3 | 3 | 30.0% |
| Brunswick County | 9 | 5 | 1 | 11.1% |
| Mecklenburg County | 8 | 2 | 1 | 12.5% |
| Rowan County | 7 | 4 | 1 | 14.3% |
| Cumberland County | 7 | 3 | 0 | 0.0% |
| Wake County | 7 | 5 | 0 | 0.0% |
| Cabarrus County | 5 | 2 | 0 | 0.0% |
| Harnett County | 5 | 2 | 0 | 0.0% |
| Buncombe County | 5 | 3 | 0 | 0.0% |
| Union County | 5 | 3 | 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: 134 applications in 2025, of which 67 were originated and 14 denied.
10.5% of all applications, or 17.1% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Veritas Funding originated in North Carolina in 2025 was 6.00%, against a statewide median of 6.50%.
About this data. Figures are Veritas Funding'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