Buncombe County, North Carolina · 2025

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

412 lenders acted on 9,739 mortgage applications for properties in Buncombe County in 2025. 18.0% were denied (North Carolina: 18.1%). Median rate on closed loans 6.53%; median loan $265,000; median property value $495,000.

9.7kApplications
18.0%Denial ratestate 18.1%
6.53%Median ratestate 6.50%
$265,000Median loan
$495,000Median property value

Largest lenders in Buncombe County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 State Employees' C 1,056613 23.4%6.25%
2 Movement Mortgage A 571403 3.3%6.63%
3 Rocket Mortgage C 502366 15.7%6.88%
4 Vanderbilt Mortgage and Finance F 40859 35.8%9.99%
5 HomeTrust Bank C 406258 20.7%7.00%
6 First-Citizens Bank & Trust B 384255 21.4%6.49%
7 United Shore Financial Services B 329238 8.5%6.38%
8 Atlantic Bay Mortgage Group A 245200 2.0%6.62%
9 Bank of America F 239110 28.0%6.24%
10 Truist Bank C 225119 33.8%6.34%
11 United Federal Credit Union D 225128 30.7%7.00%
12 Guaranteed Rate B 17286 4.7%6.50%
13 First Bank C 14490 27.1%6.88%
14 Howard Hanna Financial Services A 11494 0.0%6.63%
15 Loandepot.Com D 11070 19.1%6.75%
16 Dhi Mortgage Company B 10776 7.5%5.00%
17 TD Bank D 10668 17.9%6.63%
18 Triad Financial Services D 9921 49.5%8.00%
19 Newrez D 9728 21.7%6.25%
20 Crosscountry Mortgage B 9655 1.0%6.63%
21 Pennymac Loan Services C 9341 19.4%6.38%
22 Mortgage Research Center C 9242 16.3%6.06%
23 Freedom Mortgage B 8937 7.9%5.99%
24 AmeriSave Mortgage D 8825 56.8%8.38%
25 PNC Bank D 8750 24.1%7.12%

Best approval odds in Buncombe County

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

What Buncombe County borrowers applied for

By loan purpose

Home purchase 4,356 45% · 10.5% denied
Refinance 1,467 15% · 15.1% denied
Cash-out refinance 1,577 16% · 21.3% denied
Home improvement 1,186 12% · 31.9% denied
Other / HELOC 1,153 12% · 30.9% denied

By loan type

Conventional 8,476 87% · 18.6% denied
FHA 778 8% · 14.7% denied
VA 470 5% · 12.6% denied
USDA / RHS 15 0% · 6.7% denied

Why applications were denied

Debt-to-income ratio 709 41%
Credit history 352 20%
Collateral 231 13%
Incomplete application 196 11%
Unverifiable information 137 8%
Other 99 6%
Employment history 14 1%
Insufficient cash 11 1%

Buncombe County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20239,1735,18221.0%6.88%$225,000
20248,6584,91019.5%6.99%$245,000
20259,7395,57818.0%6.53%$265,000

Frequently asked questions

18.0% of applications in Buncombe County were denied in 2025, against 18.1% statewide in North Carolina.

State Employees', with 1,056 applications in 2025 and a denial rate of 23.4%.

The median mortgage application in Buncombe County in 2025 was for $265,000; the median property value on originated loans was $495,000.