Alexander County, North Carolina · 2025

Mortgage lenders in Alexander County, NC: denial rates and top lenders (2025)

161 lenders acted on 1,252 mortgage applications for properties in Alexander County in 2025. 18.4% were denied (North Carolina: 18.1%). Median rate on closed loans 6.50%; median loan $175,000; median property value $295,000.

1.3kApplications
18.4%Denial ratestate 18.1%
6.50%Median ratestate 6.50%
$175,000Median loan
$295,000Median property value

Largest lenders in Alexander County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 State Employees' C 173109 19.1%6.25%
2 Rocket Mortgage C 9062 17.8%6.50%
3 Vanderbilt Mortgage and Finance F 655 32.3%9.50%
4 Atlantic Bay Mortgage Group A 5851 0.0%6.49%
5 Truist Bank C 5327 30.2%6.75%
6 Taylorsville Savings Bank B 4636 15.2%
7 First-Citizens Bank & Trust B 3821 34.2%6.60%
8 First Community Bank F 3818 34.2%6.50%
9 Movement Mortgage A 3623 5.6%6.63%
10 Peoples Bank C 3018 26.7%7.38%
11 Mortgage Research Center C 2914 10.3%6.19%
12 Crosscountry Mortgage B 2817 0.0%6.63%
13 United Shore Financial Services B 2715 11.1%6.13%
14 Freedom Mortgage B 265 3.9%6.25%
15 Pennymac Loan Services C 219 9.5%6.50%
16 AmeriSave Mortgage D 219 47.6%7.88%
17 Highlands Residential Mortgage B 2013 0.0%6.63%
18 Alcova Mortgage A 1714 5.9%6.49%
19 Loandepot.Com D 178 41.2%7.63%
20 Bank of America F 154 33.3%6.25%
21 Fairway Independent Mortgage B 1511 6.7%6.75%
22 Navy Federal Credit Union D 148 14.3%7.06%
23 Lower C 1311 7.7%6.13%
24 Broker Solutions D 120 8.3%
25 Newrez D 114 0.0%6.25%

Best approval odds in Alexander County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Atlantic Bay Mortgage Group510.0%
2Rocket Mortgage8319.3%
3State Employees'14223.2%

What Alexander County borrowers applied for

By loan purpose

Home purchase 557 44% · 11.0% denied
Refinance 189 15% · 15.9% denied
Cash-out refinance 207 17% · 20.8% denied
Home improvement 134 11% · 32.8% denied
Other / HELOC 165 13% · 31.5% denied

By loan type

Conventional 914 73% · 21.1% denied
FHA 207 17% · 14.0% denied
VA 122 10% · 5.7% denied
USDA / RHS 9 1% · 11.1% denied

Why applications were denied

Debt-to-income ratio 65 29%
Credit history 65 29%
Collateral 40 18%
Incomplete application 22 10%
Unverifiable information 17 8%
Insufficient cash 6 3%
Employment history 4 2%
Other 4 2%

Alexander County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,06359520.9%6.75%$155,000
20241,08460919.9%6.90%$165,000
20251,25268518.4%6.50%$175,000

Frequently asked questions

18.4% of applications in Alexander County were denied in 2025, against 18.1% statewide in North Carolina.

State Employees', with 173 applications in 2025 and a denial rate of 19.1%.

The median mortgage application in Alexander County in 2025 was for $175,000; the median property value on originated loans was $295,000.