McCormick County, South Carolina · 2025

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

114 lenders acted on 409 mortgage applications for properties in McCormick County in 2025. 20.3% were denied (South Carolina: 18.3%). Median rate on closed loans 6.69%; median loan $185,000; median property value $415,000.

409Applications
20.3%Denial ratestate 18.3%
6.69%Median ratestate 6.50%
$185,000Median loan
$415,000Median property value

Largest lenders in McCormick County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 First-Citizens Bank & Trust B 3427 11.8%6.27%
2 Rocket Mortgage C 3120 22.6%6.63%
3 Lower C 2822 3.6%6.88%
4 Vanderbilt Mortgage and Finance F 265 61.5%9.80%
5 Truist Bank C 1814 16.7%7.03%
6 Mortgage Research Center C 148 28.6%6.56%
7 AmeriSave Mortgage D 103 60.0%6.63%
8 United Shore Financial Services B 103 30.0%6.00%
9 21st Mortgage F 92 44.4%11.09%
10 Crosscountry Mortgage B 93 0.0%6.75%
11 Pennymac Loan Services C 81 37.5%8.88%
12 SRP Federal Credit Union C 73 28.6%6.50%
13 Guild Mortgage A 76 0.0%6.56%
14 Loandepot.Com D 74 0.0%6.69%
15 Navy Federal Credit Union D 75 28.6%7.50%
16 Atlantic Bay Mortgage Group A 63 0.0%7.13%
17 Movement Mortgage A 65 0.0%6.63%
18 SouthState Bank B 54 0.0%6.55%
19 Spring Eq D 51 20.0%10.20%
20 Newrez D 50 20.0%
21 Tammac Holdings D 51 80.0%12.34%
22 Broker Solutions D 51 0.0%6.49%
23 American Financial Resources B 53 0.0%5.25%

What McCormick County borrowers applied for

By loan purpose

Home purchase 212 52% · 17.0% denied
Refinance 49 12% · 10.2% denied
Cash-out refinance 66 16% · 33.3% denied
Home improvement 24 6% · 20.8% denied
Other / HELOC 58 14% · 25.9% denied

By loan type

Conventional 324 79% · 21.3% denied
FHA 40 10% · 22.5% denied
VA 44 11% · 11.4% denied
USDA / RHS 1 0% · 0.0% denied

Why applications were denied

Credit history 29 35%
Debt-to-income ratio 22 27%
Collateral 13 16%
Other 8 10%
Incomplete application 7 9%
Unverifiable information 2 2%
Insufficient cash 1 1%

McCormick County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202337820219.8%6.99%$145,000
202438820817.8%6.75%$155,000
202540922920.3%6.69%$185,000

Frequently asked questions

20.3% of applications in McCormick County were denied in 2025, against 18.3% statewide in South Carolina.

First-Citizens Bank & Trust, with 34 applications in 2025 and a denial rate of 11.8%.

The median mortgage application in McCormick County in 2025 was for $185,000; the median property value on originated loans was $415,000.