Largest mortgage lenders in North Carolina
By applications received in 2025. Grade is the lender's national grade.
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | State Employees' | C | 47,893 | 27,575 | 25.2% | 6.25% |
| 2 | Rocket Mortgage | C | 25,109 | 18,462 | 16.0% | 6.63% |
| 3 | United Shore Financial Services | B | 18,884 | 13,671 | 11.4% | 6.13% |
| 4 | Vanderbilt Mortgage and Finance | F | 15,008 | 2,515 | 38.0% | 7.75% |
| 5 | Truist Bank | C | 14,364 | 7,920 | 30.3% | 6.50% |
| 6 | Movement Mortgage | A | 11,091 | 8,138 | 2.6% | 6.63% |
| 7 | Navy Federal Credit Union | D | 10,565 | 5,249 | 19.4% | 7.13% |
| 8 | First-Citizens Bank & Trust | B | 10,319 | 6,984 | 19.6% | 6.38% |
| 9 | Bank of America | F | 10,276 | 4,880 | 28.2% | 6.24% |
| 10 | Mortgage Research Center | C | 10,029 | 4,769 | 17.7% | 6.25% |
| 11 | Freedom Mortgage | B | 9,632 | 4,463 | 7.1% | 6.13% |
| 12 | Truliant Federal Credit Union | D | 7,961 | 3,466 | 44.7% | 7.25% |
| 13 | Atlantic Bay Mortgage Group | A | 7,671 | 6,049 | 1.1% | 6.63% |
| 14 | Dhi Mortgage Company | B | 7,548 | 5,258 | 13.8% | 5.13% |
| 15 | Pennymac Loan Services | C | 7,253 | 3,751 | 9.5% | 6.00% |
| 16 | First National Bank of Pennsylvania | B | 7,221 | 5,046 | 20.8% | 6.38% |
| 17 | Newrez | D | 7,099 | 2,787 | 16.6% | 6.25% |
| 18 | Loandepot.Com | D | 6,867 | 3,969 | 23.2% | 6.13% |
| 19 | Crosscountry Mortgage | B | 6,790 | 4,431 | 2.9% | 6.58% |
| 20 | 21st Mortgage | F | 5,260 | 810 | 52.0% | 10.15% |
| 21 | COASTAL Federal Credit Union | C | 5,201 | 3,167 | 26.7% | 7.40% |
| 22 | AmeriSave Mortgage | D | 4,743 | 1,353 | 59.2% | 7.50% |
| 23 | Broker Solutions | D | 4,708 | 1,619 | 9.1% | 6.75% |
| 24 | Guaranteed Rate | B | 4,625 | 2,491 | 5.5% | 6.53% |
| 25 | PNC Bank | D | 4,468 | 2,361 | 28.2% | 7.14% |
Best approval odds in North Carolina
Lowest decision denial rate among lenders that decided at least 300 North Carolina applications in 2025.
| # | Lender | Decided | Decision denial rate | Median rate |
|---|---|---|---|---|
| 1 | M/i Financial | 783 | 0.4% | 5.88% |
| 2 | Atlantic Coast Mortgage | 729 | 0.6% | 6.63% |
| 3 | American Security Mortgage | 2,752 | 1.0% | 6.38% |
| 4 | Corporate Investors Mortgage Group | 665 | 1.1% | 6.50% |
| 5 | Howard Hanna Financial Services | 910 | 1.1% | 6.63% |
| 6 | Jet Homeloans | 810 | 1.2% | 4.99% |
| 7 | Southern Trust Mortgage | 479 | 1.3% | 6.50% |
| 8 | Unnamed lender 254900YZ174H294JW398 | 313 | 1.3% | 6.38% |
| 9 | Loansteady | 376 | 1.3% | 6.49% |
| 10 | Atlantic Bay Mortgage Group | 6,211 | 1.4% | 6.63% |
Lowest median rates in North Carolina
Among lenders reporting rates on at least 100 originated loans. Product mix matters: a VA specialist will show a lower median than a jumbo lender.
| # | Lender | Priced loans | Median rate | Denial rate |
|---|---|---|---|---|
| 1 | Velocio Mortgage | 593 | 4.99% | 3.2% |
| 2 | Jet Homeloans | 784 | 4.99% | 1.0% |
| 3 | Dhi Mortgage Company | 5,168 | 5.13% | 13.8% |
| 4 | Schumacher Mortgage | 109 | 5.38% | 3.6% |
| 5 | Lennar Mortgage | 2,753 | 5.38% | 8.7% |
| 6 | Fbc Mortgage | 313 | 5.49% | 3.4% |
| 7 | Champion Credit Union | 138 | 5.50% | 1.9% |
| 8 | Mattamy Home Funding | 576 | 5.50% | 6.8% |
| 9 | Charles Schwab Bank | 172 | 5.63% | 4.4% |
| 10 | Clearpath Lending | 141 | 5.63% | 9.0% |
What North Carolina borrowers applied for
By loan purpose
By loan type
Denial rate by applicant income
Why North Carolina applications were denied
North Carolina mortgage market by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan | Lenders |
|---|---|---|---|---|---|---|
| 2023 | 424,931 | 244,408 | 19.7% | 6.75% | $195,000 | 1,284 |
| 2024 | 444,394 | 256,790 | 19.3% | 6.75% | $205,000 | 1,238 |
| 2025 | 486,376 | 281,159 | 18.1% | 6.50% | $225,000 | 1,253 |
North Carolina counties
Counties with at least 200 applications in 2025, most active first.
Wake County51k
Mecklenburg County49k
Guilford County20k
Cumberland County16k
Forsyth County16k
Union County13k
Brunswick County13k
Johnston County13k
Durham County12k
Gaston County12k
Onslow County12k
Cabarrus County12k
New Hanover County10k
Iredell County10k
Buncombe County9.3k
Harnett County9.0k
Davidson County8.0k
Alamance County7.8k
Catawba County7.8k
Rowan County6.7k
Pitt County6.6k
Moore County5.5k
Randolph County5.4k
Craven County5.0k
Henderson County4.9k
Wayne County4.6k
Lincoln County4.6k
Cleveland County4.4k
Orange County4.2k
Nash County4.2k
Pender County4.1k
Rockingham County4.0k
Franklin County3.9k
Carteret County3.7k
Hoke County3.5k
Robeson County3.4k
Chatham County3.2k
Burke County3.1k
Caldwell County3.1k
Stanly County3.0k
Wilson County2.7k
Lee County2.7k
Haywood County2.6k
Dare County2.6k
Rutherford County2.4k
Granville County2.3k
Surry County2.3k
Currituck County2.2k
Pasquotank County2.1k
Davie County2.0k
Wilkes County1.9k
Stokes County1.9k
Sampson County1.8k
Lenoir County1.7k
Columbus County1.6k
Watauga County1.6k
McDowell County1.5k
Beaufort County1.5k
Person County1.5k
Macon County1.5k
Duplin County1.3k
Edgecombe County1.3k
Jackson County1.3k
Cherokee County1.3k
Richmond County1.2k
Halifax County1.1k
Yadkin County1.1k
Transylvania County1.1k
Alexander County1.1k
Vance County1.0k
Scotland County925
Ashe County910
Montgomery County830
Bladen County812
Polk County733
Avery County684
Madison County642
Perquimans County594
Warren County590
Camden County585
Caswell County585
Martin County567
Anson County516
Yancey County484
Pamlico County463
Chowan County437
Clay County389
Northampton County389
Mitchell County376
Hertford County374
Swain County341
Alleghany County331
Greene County329
Bertie County312
Jones County300
Gates County280
Washington County213
Frequently asked questions
18.1% of mortgage applications in North Carolina were denied in 2025 (22.8% of applications that reached a decision). Nationally the rate was 18.0%.
State Employees' handled the most applications in North Carolina in 2025: 47,893, with a denial rate of 25.2%.
Among lenders that decided at least 300 applications in North Carolina, M/i Financial had the lowest decision denial rate at 0.4%.
The median interest rate on loans originated in North Carolina in 2025 was 6.50%. That is the rate borrowers actually received, reported by lenders under HMDA, not an advertised rate.