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Cleveland County, North Carolina · 2025

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

269 lenders acted on 4,618 mortgage applications for properties in Cleveland County in 2025. 22.6% were denied (North Carolina: 18.1%). Median rate on closed loans 6.63%; median loan $155,000; median property value $275,000.

4.6kApplications
22.6%Denial ratestate 18.1%
6.63%Median ratestate 6.50%
$155,000Median loan
$275,000Median property value

Largest lenders in Cleveland County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 State Employees' C 547332 20.8%6.25%
2 Vanderbilt Mortgage and Finance F 45440 41.9%9.12%
3 Rocket Mortgage C 256179 20.7%6.88%
4 Truliant Federal Credit Union D 249127 38.2%7.27%
5 United Shore Financial Services B 15296 18.4%6.13%
6 Truist Bank C 12669 31.0%6.70%
7 Guaranteed Rate B 12582 0.8%6.61%
8 Bank OZK C 11967 31.1%6.00%
9 HomeTrust Bank C 9561 20.0%6.88%
10 Loandepot.Com D 9555 23.2%5.99%
11 Movement Mortgage A 8258 3.7%6.63%
12 Mortgage Research Center C 7427 18.9%6.63%
13 Pennymac Loan Services C 7131 15.5%5.99%
14 Fifth Third Bank D 6732 29.9%7.80%
15 Sharonview Federal Credit Union D 6741 35.8%7.50%
16 Dhi Mortgage Company B 6247 6.5%5.13%
17 The Fidelity Bank B 6248 8.1%7.50%
18 AmeriSave Mortgage D 6015 66.7%7.25%
19 Freedom Mortgage B 5823 13.8%6.25%
20 Broker Solutions D 5525 5.5%6.63%
21 Newrez D 547 33.3%6.25%
22 Skyla Federal Credit Union D 5222 48.1%7.50%
23 Atlantic Bay Mortgage Group A 5142 0.0%6.50%
24 Navy Federal Credit Union D 4827 12.5%7.00%
25 Coastal Community Bank C 4713 0.0%10.99%

Best approval odds in Cleveland County

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

#LenderDecidedDecision denial rate
1Guaranteed Rate831.2%
2Movement Mortgage704.3%
3Dhi Mortgage Company517.8%
4The Fidelity Bank568.9%
5United Shore Financial Services13121.4%
6Rocket Mortgage23622.5%
7HomeTrust Bank8123.5%
8State Employees'44825.5%
9Loandepot.Com7828.2%
10Truist Bank11234.8%

What Cleveland County borrowers applied for

By loan purpose

Home purchase 2,076 45% · 17.1% denied
Refinance 620 13% · 18.6% denied
Cash-out refinance 918 20% · 25.9% denied
Home improvement 480 10% · 35.0% denied
Other / HELOC 524 11% · 32.4% denied

By loan type

Conventional 3,337 72% · 25.2% denied
FHA 860 19% · 16.6% denied
VA 354 8% · 14.7% denied
USDA / RHS 67 1% · 14.9% denied

Why applications were denied

Credit history 374 36%
Debt-to-income ratio 235 22%
Collateral 154 15%
Unverifiable information 111 11%
Incomplete application 88 8%
Other 59 6%
Insufficient cash 16 2%
Employment history 8 1%

Cleveland County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20233,8321,95223.0%6.88%$145,000
20244,0852,11723.5%6.99%$155,000
20254,6182,37322.6%6.63%$155,000

Frequently asked questions

22.6% of applications in Cleveland County were denied in 2025, against 18.1% statewide in North Carolina.

State Employees', with 547 applications in 2025 and a denial rate of 20.8%.

The median mortgage application in Cleveland County in 2025 was for $155,000; the median property value on originated loans was $275,000.