Largest lenders in Cherokee County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Vanderbilt Mortgage and Finance | F | 248 | 33 | 45.2% | 9.54% |
| 2 | Rocket Mortgage | C | 127 | 83 | 22.8% | 6.63% |
| 3 | 21st Mortgage | F | 88 | 17 | 43.2% | 10.10% |
| 4 | Founders Federal Credit Union | D | 77 | 50 | 19.5% | 7.56% |
| 5 | United Shore Financial Services | B | 76 | 52 | 10.5% | 6.11% |
| 6 | First Piedmont Federal Savings and Loan Association of Gaffney | B | 64 | 60 | 3.1% | 7.50% |
| 7 | Ark-La-Tex Financial Services, LLC. | A | 58 | 50 | 0.0% | 6.56% |
| 8 | Guild Mortgage | A | 51 | 33 | 3.9% | 6.63% |
| 9 | Freedom Mortgage | B | 47 | 23 | 10.6% | 6.25% |
| 10 | Southwest Stage Funding | F | 45 | 21 | 6.7% | 6.38% |
| 11 | Movement Mortgage | A | 42 | 28 | 0.0% | 6.63% |
| 12 | Pennymac Loan Services | C | 40 | 16 | 12.5% | 6.00% |
| 13 | Mortgage Research Center | C | 33 | 14 | 21.2% | 6.38% |
| 14 | Fairway Independent Mortgage | B | 31 | 26 | 3.2% | 6.63% |
| 15 | Primelending, a Plainscapital | A | 30 | 21 | 3.3% | 6.49% |
| 16 | Broker Solutions | D | 26 | 9 | 0.0% | 7.25% |
| 17 | United Community Bank | B | 25 | 8 | 40.0% | 6.50% |
| 18 | Bank of America | F | 25 | 9 | 44.0% | 6.38% |
| 19 | Crosscountry Mortgage | B | 25 | 14 | 0.0% | 6.60% |
| 20 | Loandepot.Com | D | 25 | 13 | 36.0% | 6.38% |
| 21 | Truist Bank | C | 24 | 10 | 41.7% | 6.49% |
| 22 | Navy Federal Credit Union | D | 22 | 12 | 9.1% | 7.75% |
| 23 | AmeriSave Mortgage | D | 20 | 7 | 65.0% | 7.25% |
| 24 | State Employees' | C | 20 | 10 | 20.0% | 6.15% |
| 25 | Truliant Federal Credit Union | D | 18 | 6 | 55.6% | 7.38% |
Best approval odds in Cherokee County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Ark-La-Tex Financial Services, LLC. | 50 | 0.0% |
| 2 | First Piedmont Federal Savings and Loan Association of Gaffney | 62 | 3.2% |
| 3 | United Shore Financial Services | 61 | 13.1% |
| 4 | Founders Federal Credit Union | 67 | 22.4% |
| 5 | Rocket Mortgage | 121 | 24.0% |
| 6 | 21st Mortgage | 57 | 66.7% |
| 7 | Vanderbilt Mortgage and Finance | 151 | 74.2% |
What Cherokee County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Cherokee County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 1,961 | 999 | 25.5% | 6.70% | $145,000 |
| 2024 | 1,725 | 883 | 23.2% | 6.88% | $155,000 |
| 2025 | 1,923 | 971 | 21.8% | 6.63% | $165,000 |
Frequently asked questions
21.8% of applications in Cherokee County were denied in 2025, against 18.3% statewide in South Carolina.
Vanderbilt Mortgage and Finance, with 248 applications in 2025 and a denial rate of 45.2%.
The median mortgage application in Cherokee County in 2025 was for $165,000; the median property value on originated loans was $255,000.