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Franklin County, North Carolina · 2025

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

319 lenders acted on 4,237 mortgage applications for properties in Franklin County in 2025. 18.7% were denied (North Carolina: 18.1%). Median rate on closed loans 6.50%; median loan $245,000; median property value $395,000.

4.2kApplications
18.7%Denial ratestate 18.1%
6.50%Median ratestate 6.50%
$245,000Median loan
$395,000Median property value

Largest lenders in Franklin County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 State Employees' C 559293 30.2%6.25%
2 Rocket Mortgage C 250171 22.8%6.88%
3 Vanderbilt Mortgage and Finance F 20684 21.4%5.75%
4 United Shore Financial Services B 170123 12.4%6.13%
5 COASTAL Federal Credit Union C 15295 27.0%7.40%
6 Freedom Mortgage B 12062 9.2%6.25%
7 Truist Bank C 9950 37.4%6.65%
8 First-Citizens Bank & Trust B 8457 20.2%6.50%
9 Navy Federal Credit Union D 8232 26.8%6.56%
10 Mortgage Research Center C 7839 12.8%6.25%
11 Pennymac Loan Services C 6934 8.7%5.93%
12 Crosscountry Mortgage B 6945 2.9%6.49%
13 Newrez D 6327 17.5%6.24%
14 First National Bank of Pennsylvania B 5927 44.1%6.14%
15 Loandepot.Com D 5740 12.3%6.19%
16 Broker Solutions D 5522 1.8%6.94%
17 Movement Mortgage A 5441 0.0%6.63%
18 North State Bank A 4841 2.1%6.25%
19 Bank of America F 4521 26.7%6.24%
20 Fairway Independent Mortgage B 4435 2.3%6.63%
21 PNC Bank D 4122 26.8%6.63%
22 AmeriSave Mortgage D 4113 61.0%8.38%
23 Dhi Mortgage Company B 3934 10.3%5.25%
24 Coastal Community Bank C 3913 5.1%10.49%
25 Spring Eq D 3610 52.8%9.53%

Best approval odds in Franklin County

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

#LenderDecidedDecision denial rate
1Loandepot.Com5213.5%
2Freedom Mortgage8013.8%
3United Shore Financial Services14714.3%
4Mortgage Research Center5020.0%
5First-Citizens Bank & Trust7722.1%
6Rocket Mortgage23424.4%
7COASTAL Federal Credit Union14428.5%
8Vanderbilt Mortgage and Finance13233.3%
9State Employees'46536.3%
10Navy Federal Credit Union5440.7%

What Franklin County borrowers applied for

By loan purpose

Home purchase 1,892 45% · 9.0% denied
Refinance 748 18% · 18.9% denied
Cash-out refinance 719 17% · 26.3% denied
Home improvement 403 10% · 30.5% denied
Other / HELOC 475 11% · 35.2% denied

By loan type

Conventional 3,006 71% · 20.6% denied
FHA 663 16% · 16.1% denied
VA 538 13% · 11.9% denied
USDA / RHS 30 1% · 6.7% denied

Why applications were denied

Debt-to-income ratio 278 35%
Credit history 224 28%
Incomplete application 108 14%
Collateral 85 11%
Other 44 6%
Unverifiable information 30 4%
Insufficient cash 17 2%
Employment history 5 1%

Franklin County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20234,1612,40021.2%6.63%$225,000
20244,0202,33419.7%6.74%$235,000
20254,2372,47118.7%6.50%$245,000

Frequently asked questions

18.7% of applications in Franklin County were denied in 2025, against 18.1% statewide in North Carolina.

State Employees', with 559 applications in 2025 and a denial rate of 30.2%.

The median mortgage application in Franklin County in 2025 was for $245,000; the median property value on originated loans was $395,000.