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Clay County, North Carolina · 2025

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

118 lenders acted on 528 mortgage applications for properties in Clay County in 2025. 20.6% were denied (North Carolina: 18.1%). Median rate on closed loans 6.50%; median loan $195,000; median property value $395,000.

528Applications
20.6%Denial ratestate 18.1%
6.50%Median ratestate 6.50%
$195,000Median loan
$395,000Median property value

Largest lenders in Clay County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 State Employees' C 5738 14.0%6.25%
2 United Community Bank B 5534 32.7%6.50%
3 Rocket Mortgage C 3724 21.6%6.63%
4 Vanderbilt Mortgage and Finance F 269 23.1%7.00%
5 First-Citizens Bank & Trust B 1812 11.1%6.45%
6 Union Home Mortgage B 1613 6.3%7.12%
7 United Shore Financial Services B 1611 18.8%6.00%
8 SouthState Bank B 1410 28.6%6.59%
9 The Central Trust Bank C 1411 0.0%6.63%
10 PFN Lending Group D 127 0.0%7.13%
11 21st Mortgage F 114 27.3%8.58%
12 Newrez D 114 18.2%6.56%
13 Mortgage Research Center C 117 0.0%5.75%
14 Bank of America F 103 20.0%6.24%
15 Freedom Mortgage B 103 30.0%6.25%
16 Truist Bank C 73 42.9%6.34%
17 AmeriSave Mortgage D 72 71.4%9.06%
18 First Community Mortgage A 76 14.3%6.25%
19 Pennymac Loan Services C 63 0.0%5.50%
20 Regions Bank C 62 66.7%6.56%
21 Spring Eq D 61 33.3%6.70%
22 Triad Financial Services D 62 16.7%9.97%
23 Loandepot.Com D 61 16.7%6.25%
24 Local Government F 52 40.0%11.00%
25 Mutual of Omaha Mortgage C 53 20.0%5.88%

Best approval odds in Clay County

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

#LenderDecidedDecision denial rate
1United Community Bank5433.3%

What Clay County borrowers applied for

By loan purpose

Home purchase 224 42% · 13.0% denied
Refinance 69 13% · 17.4% denied
Cash-out refinance 101 19% · 22.8% denied
Home improvement 72 14% · 33.3% denied
Other / HELOC 62 12% · 33.9% denied

By loan type

Conventional 419 79% · 21.5% denied
FHA 50 9% · 28.0% denied
VA 57 11% · 8.8% denied
USDA / RHS 2 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 34 31%
Credit history 25 23%
Collateral 25 23%
Incomplete application 11 10%
Other 7 6%
Unverifiable information 4 4%
Insufficient cash 3 3%

Clay County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202342424117.0%6.88%$165,000
202447426919.8%6.88%$175,000
202552828420.6%6.50%$195,000

Frequently asked questions

20.6% of applications in Clay County were denied in 2025, against 18.1% statewide in North Carolina.

State Employees', with 57 applications in 2025 and a denial rate of 14.0%.

The median mortgage application in Clay County in 2025 was for $195,000; the median property value on originated loans was $395,000.