Wells Fargo Bank · South Carolina · 2025

Wells Fargo Bank in South Carolina: approval rate, denial rate and rates (2025)

Wells Fargo Bank took 1,791 mortgage applications in South Carolina in 2025, ranking #33 of 1,143 lenders active in the state. It originated 54.8% of them and denied 16.9% (23.5% of the applications it decided), against a statewide denial rate of 18.3%.

1.8kApplicationsin SC
23.5%Decision denial ratestate 23.5%
6.38%Median ratestate 6.50%
$225,000Median loanstate $225,000
$904MVolume45 counties

Wells Fargo Bank in South Carolina vs the state

16.9%Denial rate-1.39 pts vs state
23.5%Decision denial rate+0.05 pts vs state
54.8%Origination rate-1.78 pts vs state
6.38%Median rate-0.13 pts vs state
0.08Rate spread (pts)-0.14 pts vs state
$93kMedian applicant income
982Loans originated
303Denied

Trend in South Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,3981,15226.2%6.38%#20
20241,94790023.8%6.50%#26
20251,79198216.9%6.38%#33

What Wells Fargo Bank lends in South Carolina

By loan purpose

Home purchase 983 55% · 12.9% denied
Refinance 144 8% · 19.4% denied
Cash-out refinance 446 25% · 20.0% denied
Home improvement 76 4% · 30.3% denied
Other / HELOC 142 8% · 25.4% denied

By loan type

Conventional 1,600 89% · 15.6% denied
FHA 122 7% · 29.5% denied
VA 69 4% · 24.6% denied

Why it denied South Carolina applicants

Debt-to-income ratio 153 50%
Collateral 65 21%
Other 33 11%
Credit history 30 10%
Insufficient cash 11 4%
Unverifiable information 8 3%
Incomplete application 2 1%
Employment history 1 0%

Where in South Carolina

Counties with the most Wells Fargo Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Horry County 1839447 25.7%
Charleston County 1599125 15.7%
Greenville County 1579019 12.1%
York County 1298313 10.1%
Beaufort County 1217417 14.0%
Spartanburg County 1095224 22.0%
Richland County 1085619 17.6%
Lancaster County 915912 13.2%
Anderson County 844416 19.0%
Lexington County 804213 16.3%

Other large lenders in South Carolina

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 13,40316.8%6.63%
Vanderbilt Mortgage and FinanceF 12,27240.7%6.50%
United Shore Financial ServicesB 9,23612.8%6.13%
21st MortgageF 6,51048.2%10.41%
Dhi Mortgage CompanyB 6,18417.4%4.99%
Navy Federal Credit UnionD 5,42421.2%7.50%
First-Citizens Bank & TrustB 5,39920.9%6.38%
Freedom MortgageB 5,2967.3%6.25%
Mortgage Research CenterC 5,18919.1%6.25%
Bank of AmericaF 5,00933.1%6.24%

Frequently asked questions

South Carolina: 1,791 applications in 2025, of which 982 were originated and 303 denied.

16.9% of all applications, or 23.5% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.

The median rate on loans Wells Fargo Bank originated in South Carolina in 2025 was 6.38%, against a statewide median of 6.50%.

About this data. Figures are Wells Fargo Bank'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