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Rowan County, North Carolina · 2025

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

336 lenders acted on 7,004 mortgage applications for properties in Rowan County in 2025. 18.9% were denied (North Carolina: 18.1%). Median rate on closed loans 6.50%; median loan $195,000; median property value $315,000.

7.0kApplications
18.9%Denial ratestate 18.1%
6.50%Median ratestate 6.50%
$195,000Median loan
$315,000Median property value

Largest lenders in Rowan County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 State Employees' C 799442 25.4%6.25%
2 Rocket Mortgage C 494363 16.6%6.75%
3 United Shore Financial Services B 250162 16.4%6.00%
4 Vanderbilt Mortgage and Finance F 22521 38.7%8.75%
5 Movement Mortgage A 213149 3.3%6.63%
6 Loandepot.Com D 167127 13.8%5.88%
7 Ixonia Bank C 156126 1.9%6.63%
8 First National Bank of Pennsylvania B 153110 20.3%6.25%
9 Truist Bank C 15181 29.8%6.38%
10 Freedom Mortgage B 14165 6.4%6.25%
11 Atlantic Bay Mortgage Group A 12593 0.0%6.63%
12 Bank of America F 11650 33.6%6.24%
13 Mortgage Research Center C 11460 19.3%6.44%
14 Fifth Third Bank D 10453 34.6%7.64%
15 Crosscountry Mortgage B 10365 2.9%6.58%
16 Navy Federal Credit Union D 10245 20.6%6.38%
17 Sharonview Federal Credit Union D 9347 46.2%7.50%
18 AmeriSave Mortgage D 9126 60.4%7.38%
19 Broker Solutions D 8226 6.1%6.56%
20 Pennymac Loan Services C 7840 12.8%5.99%
21 Coastal Community Bank C 7819 1.3%11.99%
22 Fairway Independent Mortgage B 7764 1.3%6.75%
23 Truliant Federal Credit Union D 7426 47.3%7.25%
24 Newrez D 7323 19.2%6.38%
25 Skyla Federal Credit Union D 7031 42.9%7.00%

Best approval odds in Rowan County

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

#LenderDecidedDecision denial rate
1Atlantic Bay Mortgage Group940.0%
2Fairway Independent Mortgage661.5%
3Coastal Community Bank521.9%
4Ixonia Bank1302.3%
5Movement Mortgage1893.7%
6Crosscountry Mortgage694.4%
7Freedom Mortgage8710.3%
8Loandepot.Com15215.1%
9Pinnacle Bank5817.2%
10Rocket Mortgage45518.0%

What Rowan County borrowers applied for

By loan purpose

Home purchase 3,119 45% · 10.6% denied
Refinance 1,084 15% · 17.7% denied
Cash-out refinance 1,366 20% · 24.8% denied
Home improvement 673 10% · 34.3% denied
Other / HELOC 762 11% · 30.2% denied

By loan type

Conventional 4,900 70% · 20.7% denied
FHA 1,356 19% · 15.9% denied
VA 704 10% · 12.4% denied
USDA / RHS 44 1% · 11.4% denied

Why applications were denied

Credit history 383 29%
Debt-to-income ratio 380 29%
Collateral 193 15%
Incomplete application 144 11%
Unverifiable information 94 7%
Other 87 7%
Insufficient cash 23 2%
Employment history 14 1%

Rowan County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20235,8613,28921.1%6.75%$165,000
20246,3483,60619.9%6.88%$185,000
20257,0043,97418.9%6.50%$195,000

Frequently asked questions

18.9% of applications in Rowan County were denied in 2025, against 18.1% statewide in North Carolina.

State Employees', with 799 applications in 2025 and a denial rate of 25.4%.

The median mortgage application in Rowan County in 2025 was for $195,000; the median property value on originated loans was $315,000.