Washington County, North Carolina · 2025

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

74 lenders acted on 311 mortgage applications for properties in Washington County in 2025. 32.8% were denied (North Carolina: 18.1%). Median rate on closed loans 6.62%; median loan $125,000; median property value $195,000.

311Applications
32.8%Denial ratestate 18.1%
6.62%Median ratestate 6.50%
$125,000Median loan
$195,000Median property value

Largest lenders in Washington County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 State Employees' C 5923 39.0%6.15%
2 Vanderbilt Mortgage and Finance F 352 57.1%9.00%
3 Rocket Mortgage C 2513 24.0%6.63%
4 Southern Bank and Trust A 129 25.0%7.50%
5 Mortgage Research Center C 115 27.3%6.50%
6 AmeriSave Mortgage D 100 80.0%
7 Neighborhood Mortgage Solutions C 1010 0.0%6.98%
8 Movement Mortgage A 98 0.0%6.88%
9 Weyco Community Credit Union 99 0.0%6.95%
10 Truist Bank C 82 12.5%6.19%
11 United Shore Financial Services B 72 28.6%6.13%
12 Newrez D 71 57.1%7.99%
13 Freedom Mortgage B 61 16.7%6.63%
14 21st Mortgage F 50 80.0%

What Washington County borrowers applied for

By loan purpose

Home purchase 149 48% · 27.5% denied
Refinance 33 11% · 36.4% denied
Cash-out refinance 70 23% · 41.4% denied
Home improvement 28 9% · 35.7% denied
Other / HELOC 31 10% · 32.3% denied

By loan type

Conventional 221 71% · 35.8% denied
FHA 53 17% · 24.5% denied
VA 36 12% · 27.8% denied
USDA / RHS 1 0% · 0.0% denied

Why applications were denied

Credit history 35 34%
Debt-to-income ratio 32 31%
Collateral 18 18%
Incomplete application 8 8%
Unverifiable information 5 5%
Insufficient cash 2 2%
Other 2 2%

Washington County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202331811531.5%6.75%$95,000
202426712926.6%6.83%$105,000
202531111832.8%6.62%$125,000

Frequently asked questions

32.8% of applications in Washington County were denied in 2025, against 18.1% statewide in North Carolina.

State Employees', with 59 applications in 2025 and a denial rate of 39.0%.

The median mortgage application in Washington County in 2025 was for $125,000; the median property value on originated loans was $195,000.