Wells Fargo Bank in North Carolina vs the state
13.7%Denial rate-4.38 pts vs state
19.1%Decision denial rate-3.74 pts vs state
57.8%Origination rate-0.03 pts vs state
6.25%Median rate-0.25 pts vs state
0.04Rate spread (pts)-0.05 pts vs state
$114kMedian applicant income
2,302Loans originated
545Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 6,193 | 3,190 | 22.0% | 6.25% | #14 |
| 2024 | 4,569 | 2,318 | 18.4% | 6.50% | #25 |
| 2025 | 3,984 | 2,302 | 13.7% | 6.25% | #28 |
What Wells Fargo Bank lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most Wells Fargo Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Mecklenburg County | 774 | 481 | 70 | 9.0% |
| Wake County | 451 | 259 | 44 | 9.8% |
| Forsyth County | 167 | 87 | 32 | 19.2% |
| Guilford County | 155 | 86 | 26 | 16.8% |
| Durham County | 131 | 73 | 12 | 9.2% |
| Union County | 122 | 63 | 7 | 5.7% |
| Gaston County | 120 | 64 | 17 | 14.2% |
| Johnston County | 114 | 72 | 13 | 11.4% |
| Cabarrus County | 99 | 57 | 12 | 12.1% |
| Iredell County | 97 | 60 | 11 | 11.3% |
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: 3,984 applications in 2025, of which 2,302 were originated and 545 denied.
13.7% 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 Wells Fargo Bank originated in North Carolina in 2025 was 6.25%, against a statewide median of 6.50%.
About this data. Figures are Wells Fargo 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