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Mecklenburg County, North Carolina · 2025

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

683 lenders acted on 49,191 mortgage applications for properties in Mecklenburg County in 2025. 17.0% were denied (North Carolina: 18.1%). Median rate on closed loans 6.50%; median loan $285,000; median property value $475,000.

49kApplications
17.0%Denial ratestate 18.1%
6.50%Median ratestate 6.50%
$285,000Median loan
$475,000Median property value

Largest lenders in Mecklenburg County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 2,7372,065 14.9%6.63%
2 Bank of America F 2,5821,418 23.3%6.13%
3 United Shore Financial Services B 2,2411,646 12.5%6.31%
4 State Employees' C 2,1921,165 29.2%6.50%
5 Truist Bank C 1,409794 30.0%6.34%
6 First National Bank of Pennsylvania B 1,3821,117 12.6%6.25%
7 Truliant Federal Credit Union D 1,290503 47.7%7.25%
8 Movement Mortgage A 1,279924 2.4%6.56%
9 American Security Mortgage A 1,054804 0.6%6.50%
10 Atlantic Bay Mortgage Group A 968760 1.2%6.62%
11 Fifth Third Bank D 939469 29.3%7.50%
12 First-Citizens Bank & Trust B 882618 18.9%6.40%
13 JPMorgan Chase Bank B 806591 5.5%6.49%
14 Wells Fargo Bank B 774481 9.0%6.25%
15 Pennymac Loan Services C 763427 8.8%6.25%
16 Loandepot.Com D 758453 22.0%5.99%
17 Skyla Federal Credit Union D 723358 35.6%7.50%
18 Newrez D 687239 18.3%6.38%
19 Navy Federal Credit Union D 656287 22.9%7.75%
20 Freedom Mortgage B 644300 7.5%6.25%
21 Coastal Community Bank C 535122 0.9%9.74%
22 PNC Bank D 533310 24.6%6.85%
23 Crosscountry Mortgage B 527356 4.4%6.75%
24 Spring Eq D 505162 47.7%9.05%
25 Broker Solutions D 469168 8.7%6.63%

Best approval odds in Mecklenburg County

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

#LenderDecidedDecision denial rate
1Easy Street Capital670.0%
2Highlands Residential Mortgage780.0%
3Atlantic Coast Mortgage1390.0%
4M/i Financial1760.6%
5American Security Mortgage8390.7%
6Unnamed lender 254900YZ174H294JW3981150.9%
7Howard Hanna Financial Services1100.9%
8Coastal Community Bank3821.3%
9Primelending, a Plainscapital711.4%
10Atlantic Bay Mortgage Group7851.5%

What Mecklenburg County borrowers applied for

By loan purpose

Home purchase 21,544 44% · 7.3% denied
Refinance 8,572 17% · 16.3% denied
Cash-out refinance 7,952 16% · 23.7% denied
Home improvement 5,280 11% · 31.0% denied
Other / HELOC 5,843 12% · 32.0% denied

By loan type

Conventional 41,391 84% · 17.2% denied
FHA 5,148 10% · 17.4% denied
VA 2,648 5% · 12.3% denied
USDA / RHS 4 0% · 25.0% denied

Why applications were denied

Debt-to-income ratio 3,140 38%
Credit history 1,860 22%
Incomplete application 1,032 12%
Collateral 950 11%
Other 716 9%
Unverifiable information 441 5%
Insufficient cash 144 2%
Employment history 68 1%

Mecklenburg County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202344,67026,42918.9%6.75%$255,000
202446,46427,65818.2%6.88%$275,000
202549,19129,33117.0%6.50%$285,000

Frequently asked questions

17.0% of applications in Mecklenburg County were denied in 2025, against 18.1% statewide in North Carolina.

Rocket Mortgage, with 2,737 applications in 2025 and a denial rate of 14.9%.

The median mortgage application in Mecklenburg County in 2025 was for $285,000; the median property value on originated loans was $475,000.