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New Hanover County, North Carolina · 2025

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

422 lenders acted on 10,722 mortgage applications for properties in New Hanover County in 2025. 15.6% were denied (North Carolina: 18.1%). Median rate on closed loans 6.50%; median loan $265,000; median property value $485,000.

11kApplications
15.6%Denial ratestate 18.1%
6.50%Median ratestate 6.50%
$265,000Median loan
$485,000Median property value

Largest lenders in New Hanover County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 State Employees' C 987611 23.7%6.25%
2 Corning Credit Union A 659470 12.6%6.25%
3 Rocket Mortgage C 526421 11.8%6.75%
4 First-Citizens Bank & Trust B 509345 20.2%6.41%
5 Truist Bank C 349200 28.4%6.45%
6 Crosscountry Mortgage B 316200 2.9%6.75%
7 Bank of America F 292115 28.8%6.24%
8 Guaranteed Rate B 269150 4.5%6.63%
9 Newrez D 264131 12.5%6.63%
10 United Shore Financial Services B 257190 10.5%6.37%
11 Atlantic Bay Mortgage Group A 215186 0.0%6.62%
12 First National Bank of Pennsylvania B 197135 24.4%6.49%
13 Navy Federal Credit Union D 196102 14.8%7.42%
14 Vanderbilt Mortgage and Finance F 19667 28.6%5.99%
15 PNC Bank D 167100 22.8%7.10%
16 Pennymac Loan Services C 14792 9.5%6.25%
17 Loansteady A 146116 0.0%6.50%
18 Freedom Mortgage B 14361 2.8%6.25%
19 First Bank C 12192 15.7%6.75%
20 Coastal Community Bank C 11724 4.3%9.62%
21 Mortgage Research Center C 11336 25.7%6.25%
22 Movement Mortgage A 10570 1.0%6.84%
23 Towne Bank B 10583 2.9%6.63%
24 Integrity Home Mortgage B 9877 3.1%6.75%
25 Loandepot.Com D 9649 22.9%6.63%

Best approval odds in New Hanover County

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

#LenderDecidedDecision denial rate
1Cornerstone Capital Bank740.0%
2Loansteady1290.0%
3Atlantic Bay Mortgage Group1880.0%
4Movement Mortgage891.1%
5North State Bank722.8%
6Integrity Home Mortgage873.5%
7Towne Bank863.5%
8Crosscountry Mortgage2134.2%
9Freedom Mortgage745.4%
10Coastal Community Bank806.3%

What New Hanover County borrowers applied for

By loan purpose

Home purchase 4,490 42% · 6.5% denied
Refinance 1,707 16% · 15.4% denied
Cash-out refinance 1,678 16% · 19.5% denied
Home improvement 1,408 13% · 26.6% denied
Other / HELOC 1,439 13% · 28.8% denied

By loan type

Conventional 9,125 85% · 16.1% denied
FHA 812 8% · 15.2% denied
VA 781 7% · 10.8% denied
USDA / RHS 4 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 710 43%
Credit history 375 22%
Incomplete application 183 11%
Collateral 172 10%
Other 117 7%
Unverifiable information 75 4%
Insufficient cash 27 2%
Employment history 11 1%

New Hanover County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20239,6995,94817.2%6.75%$235,000
20249,7516,00316.6%6.88%$245,000
202510,7226,56215.6%6.50%$265,000

Frequently asked questions

15.6% of applications in New Hanover County were denied in 2025, against 18.1% statewide in North Carolina.

State Employees', with 987 applications in 2025 and a denial rate of 23.7%.

The median mortgage application in New Hanover County in 2025 was for $265,000; the median property value on originated loans was $485,000.