Largest lenders in Wake County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | State Employees' | C | 5,718 | 3,417 | 23.1% | 6.25% |
| 2 | United Shore Financial Services | B | 2,757 | 2,180 | 8.9% | 6.13% |
| 3 | COASTAL Federal Credit Union | C | 2,588 | 1,659 | 23.3% | 7.40% |
| 4 | Rocket Mortgage | C | 2,195 | 1,652 | 12.3% | 6.63% |
| 5 | First-Citizens Bank & Trust | B | 1,687 | 1,178 | 17.1% | 6.35% |
| 6 | Truist Bank | C | 1,542 | 856 | 31.1% | 6.34% |
| 7 | Lennar Mortgage | A | 1,416 | 1,143 | 8.0% | 5.25% |
| 8 | Bank of America | F | 1,301 | 625 | 25.4% | 6.13% |
| 9 | Navy Federal Credit Union | D | 1,002 | 494 | 19.0% | 7.65% |
| 10 | Pennymac Loan Services | C | 879 | 537 | 6.9% | 6.38% |
| 11 | Movement Mortgage | A | 861 | 609 | 1.5% | 6.56% |
| 12 | First National Bank of Pennsylvania | B | 772 | 527 | 22.2% | 6.38% |
| 13 | Fifth Third Bank | D | 736 | 373 | 28.5% | 6.99% |
| 14 | Loandepot.Com | D | 675 | 447 | 15.0% | 5.88% |
| 15 | Pulte Mortgage | A | 650 | 542 | 5.5% | 5.50% |
| 16 | Freedom Mortgage | B | 642 | 280 | 6.5% | 6.13% |
| 17 | Dhi Mortgage Company | B | 637 | 452 | 14.4% | 4.99% |
| 18 | Newrez | D | 630 | 212 | 15.6% | 6.63% |
| 19 | PNC Bank | D | 613 | 369 | 22.7% | 7.00% |
| 20 | Vanderbilt Mortgage and Finance | F | 600 | 324 | 19.3% | 5.88% |
| 21 | Crosscountry Mortgage | B | 584 | 416 | 1.5% | 6.63% |
| 22 | JPMorgan Chase Bank | B | 540 | 341 | 5.0% | 6.38% |
| 23 | NVR Mortgage Finance | B | 494 | 372 | 14.6% | 5.99% |
| 24 | Coastal Community Bank | C | 493 | 109 | 1.2% | 9.99% |
| 25 | Wells Fargo Bank | B | 451 | 259 | 9.8% | 6.25% |
Best approval odds in Wake County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Republic State Mortgage | 50 | 0.0% |
| 2 | Emm Loans | 51 | 0.0% |
| 3 | Primis Mortgage | 52 | 0.0% |
| 4 | Unnamed lender 254900YZ174H294JW398 | 58 | 0.0% |
| 5 | UNIVERSITY Federal Credit Union | 61 | 0.0% |
| 6 | Gold Star Mortgage Financial Group | 127 | 0.0% |
| 7 | M/i Financial | 307 | 0.0% |
| 8 | Alcova Mortgage | 128 | 0.8% |
| 9 | American Security Mortgage | 246 | 0.8% |
| 10 | NFM | 225 | 0.9% |
What Wake County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Wake County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 48,317 | 29,200 | 15.7% | 6.63% | $275,000 |
| 2024 | 48,441 | 29,977 | 15.8% | 6.75% | $285,000 |
| 2025 | 51,499 | 32,311 | 15.1% | 6.49% | $305,000 |
Frequently asked questions
15.1% of applications in Wake County were denied in 2025, against 18.1% statewide in North Carolina.
State Employees', with 5,718 applications in 2025 and a denial rate of 23.1%.
The median mortgage application in Wake County in 2025 was for $305,000; the median property value on originated loans was $515,000.