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Union County, North Carolina · 2025

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

450 lenders acted on 13,725 mortgage applications for properties in Union County in 2025. 16.5% were denied (North Carolina: 18.1%). Median rate on closed loans 6.50%; median loan $295,000; median property value $525,000.

14kApplications
16.5%Denial ratestate 18.1%
6.50%Median ratestate 6.50%
$295,000Median loan
$525,000Median property value

Largest lenders in Union County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 812635 13.1%6.75%
2 United Shore Financial Services B 729567 9.9%6.13%
3 State Employees' C 712418 25.7%6.50%
4 Bank of America F 626318 26.7%6.24%
5 Truist Bank C 509321 25.0%6.63%
6 Movement Mortgage A 488374 2.1%6.56%
7 Fifth Third Bank D 368220 23.9%7.50%
8 First-Citizens Bank & Trust B 324225 19.8%6.30%
9 Truliant Federal Credit Union D 298129 45.6%7.25%
10 First National Bank of Pennsylvania B 259182 21.2%6.38%
11 Pennymac Loan Services C 199117 5.0%6.00%
12 Loandepot.Com D 198133 15.2%6.63%
13 Spring Eq D 19774 41.6%8.84%
14 Coastal Community Bank C 19742 2.5%10.12%
15 Newrez D 18472 12.0%6.50%
16 Fairway Independent Mortgage B 179131 2.2%6.75%
17 NVR Mortgage Finance B 168138 11.3%6.13%
18 Freedom Mortgage B 16773 7.8%5.99%
19 Founders Federal Credit Union D 16579 29.1%6.88%
20 Dhi Mortgage Company B 162103 13.6%5.63%
21 American Security Mortgage A 145117 0.0%6.49%
22 Broker Solutions D 14459 6.9%6.69%
23 Atlantic Bay Mortgage Group A 14199 4.3%6.49%
24 Navy Federal Credit Union D 13569 13.3%8.20%
25 Skyla Federal Credit Union D 13382 24.1%7.50%

Best approval odds in Union County

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

#LenderDecidedDecision denial rate
1American Security Mortgage1200.0%
2M/i Financial841.2%
3Jet Homeloans771.3%
4Movement Mortgage4232.4%
5Fairway Independent Mortgage1362.9%
6Coastal Community Bank1653.0%
7Crosscountry Mortgage775.2%
8Atlantic Bay Mortgage Group1075.6%
9Mattamy Home Funding865.8%
10First Heritage Mortgage946.4%

What Union County borrowers applied for

By loan purpose

Home purchase 5,668 41% · 8.0% denied
Refinance 2,538 18% · 15.3% denied
Cash-out refinance 2,202 16% · 20.2% denied
Home improvement 1,459 11% · 29.7% denied
Other / HELOC 1,858 14% · 29.1% denied

By loan type

Conventional 11,371 83% · 17.0% denied
FHA 1,560 11% · 15.6% denied
VA 779 6% · 10.9% denied
USDA / RHS 15 0% · 20.0% denied

Why applications were denied

Debt-to-income ratio 871 39%
Credit history 520 23%
Incomplete application 310 14%
Collateral 230 10%
Other 153 7%
Unverifiable information 108 5%
Insufficient cash 52 2%
Employment history 16 1%

Union County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202311,6976,97518.6%6.75%$255,000
202412,2527,23618.6%6.88%$265,000
202513,7258,29816.5%6.50%$295,000

Frequently asked questions

16.5% of applications in Union County were denied in 2025, against 18.1% statewide in North Carolina.

Rocket Mortgage, with 812 applications in 2025 and a denial rate of 13.1%.

The median mortgage application in Union County in 2025 was for $295,000; the median property value on originated loans was $525,000.