Florence County, South Carolina · 2025

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

270 lenders acted on 4,747 mortgage applications for properties in Florence County in 2025. 23.9% were denied (South Carolina: 18.3%). Median rate on closed loans 6.63%; median loan $165,000; median property value $255,000.

4.7kApplications
23.9%Denial ratestate 18.3%
6.63%Median ratestate 6.50%
$165,000Median loan
$255,000Median property value

Largest lenders in Florence County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 21st Mortgage F 42257 54.0%10.76%
2 Rocket Mortgage C 278188 21.2%6.75%
3 Vanderbilt Mortgage and Finance F 25014 54.4%9.54%
4 Movement Mortgage A 192154 0.5%6.44%
5 First Reliance Bank A 163116 8.6%6.63%
6 Crosscountry Mortgage B 157101 3.2%6.58%
7 United Shore Financial Services B 14892 21.0%6.13%
8 Fairway Independent Mortgage B 12398 3.3%6.75%
9 Mortgage Research Center C 12253 23.0%6.25%
10 First-Citizens Bank & Trust B 12180 14.9%6.25%
11 Freedom Mortgage B 10636 7.6%6.25%
12 SouthState Bank B 10052 38.0%7.25%
13 CMG Mortgage A 9554 12.6%7.25%
14 Triad Financial Services D 8416 56.0%9.72%
15 Truist Bank C 8236 36.6%6.98%
16 Broker Solutions D 7822 16.7%6.99%
17 Pennymac Loan Services C 7641 6.6%6.13%
18 Navy Federal Credit Union D 7030 30.0%7.50%
19 Newrez D 6120 29.5%6.69%
20 Safe Federal Credit Union C 6037 21.7%6.38%
21 Southwest Stage Funding F 5620 8.9%7.95%
22 Loandepot.Com D 5427 33.3%6.50%
23 AmeriSave Mortgage D 5112 62.8%7.44%
24 Magnolia Bank C 5044 0.0%6.63%
25 The Citizens Bank A 5050 0.0%

Best approval odds in Florence County

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

What Florence County borrowers applied for

By loan purpose

Home purchase 2,821 59% · 21.8% denied
Refinance 558 12% · 16.3% denied
Cash-out refinance 788 17% · 28.2% denied
Home improvement 266 6% · 34.6% denied
Other / HELOC 314 7% · 36.0% denied

By loan type

Conventional 2,990 63% · 28.6% denied
FHA 1,128 24% · 17.0% denied
VA 592 12% · 14.5% denied
USDA / RHS 37 1% · 5.4% denied

Why applications were denied

Credit history 469 42%
Debt-to-income ratio 287 25%
Incomplete application 119 11%
Collateral 97 9%
Unverifiable information 60 5%
Other 60 5%
Insufficient cash 21 2%
Employment history 16 1%

Florence County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20234,0492,00225.2%6.75%$155,000
20244,2852,18523.3%6.75%$155,000
20254,7472,33223.9%6.63%$165,000

Frequently asked questions

23.9% of applications in Florence County were denied in 2025, against 18.3% statewide in South Carolina.

21st Mortgage, with 422 applications in 2025 and a denial rate of 54.0%.

The median mortgage application in Florence County in 2025 was for $165,000; the median property value on originated loans was $255,000.