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Charleston County, South Carolina · 2025

Mortgage lenders in Charleston County, SC: denial rates and top lenders (2025)

592 lenders acted on 19,750 mortgage applications for properties in Charleston County in 2025. 15.6% were denied (South Carolina: 18.3%). Median rate on closed loans 6.63%; median loan $325,000; median property value $665,000.

20kApplications
15.6%Denial ratestate 18.3%
6.63%Median ratestate 6.50%
$325,000Median loan
$665,000Median property value

Largest lenders in Charleston County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 918682 16.5%6.75%
2 First-Citizens Bank & Trust B 698486 18.9%6.25%
3 SouthState Bank B 658426 20.4%6.59%
4 Bank of America F 655307 27.9%5.99%
5 United Shore Financial Services B 628460 11.3%6.37%
6 Navy Federal Credit Union D 565263 20.0%7.75%
7 South Carolina Federal Credit Union F 524314 8.4%8.00%
8 Vanderbilt Mortgage and Finance F 45835 52.0%11.05%
9 Fifth Third Bank D 441291 11.8%6.38%
10 CMG Mortgage A 430270 4.9%6.75%
11 Truist Bank C 373177 36.2%6.34%
12 Newrez D 347139 17.0%6.75%
13 Pennymac Loan Services C 304161 9.5%6.50%
14 Ameris Bank B 302216 8.6%6.63%
15 Dhi Mortgage Company B 287209 9.1%4.50%
16 Carolina One Mortgage B 271195 1.1%6.63%
17 Crosscountry Mortgage B 261166 5.0%6.88%
18 TD Bank D 256142 21.5%7.19%
19 Freedom Mortgage B 25283 7.1%6.25%
20 JPMorgan Chase Bank B 247150 6.9%6.38%
21 Spring Eq D 24770 55.5%8.58%
22 Renasant Bank B 242193 2.9%6.63%
23 Pinnacle Bank B 220148 11.4%6.65%
24 First National Bank of Pennsylvania B 208154 10.1%6.31%
25 Mortgage Research Center C 19061 20.5%6.13%

Best approval odds in Charleston County

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

#LenderDecidedDecision denial rate
1Barley Mortgage510.0%
2Northpoint Mortgage640.0%
3The Bank of South Carolina840.0%
4Citadel Servicing1520.0%
5First Reliance Bank991.0%
6Sente Mortgage751.3%
7First Home Mortgage701.4%
8Carolina One Mortgage1991.5%
9ServisFirst Bank792.5%
10Atlantic Coast Mortgage1142.6%

What Charleston County borrowers applied for

By loan purpose

Home purchase 9,173 46% · 9.4% denied
Refinance 2,988 15% · 15.1% denied
Cash-out refinance 3,515 18% · 17.8% denied
Home improvement 2,204 11% · 26.0% denied
Other / HELOC 1,870 9% · 30.4% denied

By loan type

Conventional 16,521 84% · 16.3% denied
FHA 1,694 9% · 14.7% denied
VA 1,523 8% · 9.1% denied
USDA / RHS 12 0% · 16.7% denied

Why applications were denied

Debt-to-income ratio 1,093 36%
Credit history 665 22%
Incomplete application 439 14%
Collateral 350 11%
Other 247 8%
Unverifiable information 169 6%
Insufficient cash 63 2%
Employment history 24 1%
Mortgage insurance denied 3 0%

Charleston County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202316,6809,61318.5%6.75%$285,000
202417,63710,37616.9%6.84%$305,000
202519,75011,61515.6%6.63%$325,000

Frequently asked questions

15.6% of applications in Charleston County were denied in 2025, against 18.3% statewide in South Carolina.

Rocket Mortgage, with 918 applications in 2025 and a denial rate of 16.5%.

The median mortgage application in Charleston County in 2025 was for $325,000; the median property value on originated loans was $665,000.