Largest lenders in Mitchell County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | State Employees' | C | 98 | 47 | 39.8% | 6.15% |
| 2 | United Community Bank | B | 94 | 58 | 24.5% | 6.50% |
| 3 | Rocket Mortgage | C | 34 | 21 | 26.5% | 6.49% |
| 4 | Vanderbilt Mortgage and Finance | F | 32 | 7 | 31.3% | 9.25% |
| 5 | United Shore Financial Services | B | 21 | 12 | 23.8% | 6.06% |
| 6 | Atlantic Bay Mortgage Group | A | 14 | 8 | 0.0% | 6.63% |
| 7 | Broker Solutions | D | 12 | 3 | 8.3% | 6.88% |
| 8 | Freedom Mortgage | B | 11 | 2 | 27.3% | 5.31% |
| 9 | Bank of America | F | 9 | 5 | 33.3% | 6.24% |
| 10 | Eastman Credit Union | D | 8 | 1 | 50.0% | 7.25% |
| 11 | Mortgage Research Center | C | 8 | 5 | 12.5% | 6.75% |
| 12 | Baxter Credit Union | B | 7 | 2 | 57.1% | 7.43% |
| 13 | Movement Mortgage | A | 7 | 4 | 0.0% | 6.19% |
| 14 | Loandepot.Com | D | 6 | 1 | 50.0% | 8.88% |
| 15 | 21st Mortgage | F | 5 | 1 | 80.0% | 8.33% |
| 16 | Ameritrust Mortgage | D | 5 | 3 | 0.0% | 7.13% |
| 17 | Primary Residential Mortgage | C | 5 | 5 | 0.0% | 6.99% |
Best approval odds in Mitchell County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | United Community Bank | 83 | 27.7% |
| 2 | State Employees' | 88 | 44.3% |
What Mitchell County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Mitchell County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 571 | 282 | 25.6% | 6.88% | $145,000 |
| 2024 | 507 | 233 | 25.3% | 7.13% | $155,000 |
| 2025 | 542 | 265 | 26.0% | 6.50% | $180,000 |
Frequently asked questions
26.0% of applications in Mitchell County were denied in 2025, against 18.1% statewide in North Carolina.
State Employees', with 98 applications in 2025 and a denial rate of 39.8%.
The median mortgage application in Mitchell County in 2025 was for $180,000; the median property value on originated loans was $325,000.