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Spartanburg County, South Carolina · 2025

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

462 lenders acted on 18,140 mortgage applications for properties in Spartanburg County in 2025. 17.7% were denied (South Carolina: 18.3%). Median rate on closed loans 6.49%; median loan $215,000; median property value $295,000.

18kApplications
17.7%Denial ratestate 18.3%
6.49%Median ratestate 6.50%
$215,000Median loan
$295,000Median property value

Largest lenders in Spartanburg County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Vanderbilt Mortgage and Finance F 1,045312 33.3%5.99%
2 Rocket Mortgage C 935663 18.4%6.63%
3 Dhi Mortgage Company B 840560 17.5%4.99%
4 NVR Mortgage Finance B 689473 20.9%5.99%
5 United Shore Financial Services B 677481 13.7%6.13%
6 Founders Federal Credit Union D 634409 19.9%7.50%
7 Loandepot.Com D 603447 18.9%4.99%
8 Truist Bank C 424238 25.5%6.59%
9 First-Citizens Bank & Trust B 390263 21.0%6.42%
10 Freedom Mortgage B 354152 6.8%6.25%
11 Pennymac Loan Services C 340159 12.4%6.25%
12 Lennar Mortgage A 323238 18.0%6.25%
13 Mortgage Research Center C 322144 18.6%6.25%
14 Bank of America F 321120 38.9%6.25%
15 Ark-La-Tex Financial Services, LLC. A 290232 2.1%6.63%
16 Movement Mortgage A 278207 2.9%6.50%
17 Primelending, a Plainscapital A 271214 4.1%6.25%
18 Newrez D 24681 19.5%6.50%
19 Crosscountry Mortgage B 241148 6.2%6.58%
20 The Loan Store B 241211 2.5%6.38%
21 Navy Federal Credit Union D 227103 18.1%7.13%
22 United Community Bank B 210136 25.2%6.50%
23 Guaranteed Rate B 188108 10.6%6.50%
24 Broker Solutions D 18253 5.5%6.63%
25 First Heritage Mortgage A 181169 2.2%5.99%

Best approval odds in Spartanburg County

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

#LenderDecidedDecision denial rate
1Unnamed lender 894500CFQPXSLHK0OK52901.1%
2Go Mortgage502.0%
3Acopia1342.2%
4First Heritage Mortgage1732.3%
5Ark-La-Tex Financial Services, LLC.2392.5%
6The Loan Store2322.6%
7Southern First Bank742.7%
8Movement Mortgage2393.4%
9Luminate Bank504.0%
10Primelending, a Plainscapital2364.7%

What Spartanburg County borrowers applied for

By loan purpose

Home purchase 10,470 58% · 13.3% denied
Refinance 1,986 11% · 14.0% denied
Cash-out refinance 2,708 15% · 22.9% denied
Home improvement 1,165 6% · 32.8% denied
Other / HELOC 1,811 10% · 29.7% denied

By loan type

Conventional 11,477 63% · 19.3% denied
FHA 4,644 26% · 16.4% denied
VA 1,753 10% · 11.8% denied
USDA / RHS 266 1% · 11.7% denied

Why applications were denied

Debt-to-income ratio 984 31%
Credit history 892 28%
Incomplete application 356 11%
Collateral 322 10%
Unverifiable information 293 9%
Other 218 7%
Insufficient cash 96 3%
Employment history 43 1%

Spartanburg County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202314,1648,01521.5%6.63%$185,000
202415,5759,15119.9%6.63%$205,000
202518,14010,85317.7%6.49%$215,000

Frequently asked questions

17.7% of applications in Spartanburg County were denied in 2025, against 18.3% statewide in South Carolina.

Vanderbilt Mortgage and Finance, with 1,045 applications in 2025 and a denial rate of 33.3%.

The median mortgage application in Spartanburg County in 2025 was for $215,000; the median property value on originated loans was $295,000.