Cabarrus County, NC: mortgage lenders, denial rate and originations, 2024

States › North Carolina › Cabarrus County

HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.

Cabarrus County, North Carolina, saw 11,293 HMDA-reported applications and 6,680 originations ($2.1bn) in 2024.

That is 79.3 originations per 1,000 households, against 60.0 for North Carolina and 48.0 nationally.

The county's denial rate was 23.0%, close to the state rate of 24.0%. The median rate spread on originated loans was 0.2 percentage points and 13.8% of originations were 1.5 points or more above the average prime offer rate.

88 lenders reached 25 applications in the county; the most active by originations were State Employees' Credit Union (572), Rocket Mortgage (556) and United Wholesale Mortgage (463).

Originations were up 12% on 2023.

11,293applications, 2024

6,680loans originated$2.1bn

23.0%denial rateNC 24.0% · US 24.3%

79.3originations per 1,000 householdsNC 60.0 · US 48.0

Most active lenders

#	Lender	Applications	Originations	Amount	Denial rate	Median spread
1	State Employees' Credit Union	886	572	$87m	25.1%	—
2	Rocket Mortgage	717	556	$150m	15.4%	—
3	United Wholesale Mortgage	579	463	$176m	9.3%	—
4	Loandepot.com, LLC	408	325	$94m	9.4%	—
5	Movement Mortgage, LLC	319	228	$75m	0.8%	—
6	M/I Financial. LLC	229	202	$92m	0.5%	—
7	Fairway Independent Mort Corp	227	179	$56m	4.3%	—
8	Bank of America NA	351	157	$28m	41.2%	—
9	Truliant Federal Credit Union	347	156	$18m	47.1%	—
10	Fifth Third Bank, National Association	227	126	$19m	30.5%	—
11	Pulte Mortgage LLC	151	123	$54m	8.9%	—
12	DHI Mortgage Company, LTD.	148	121	$51m	3.9%	—
13	First Ciitizens Bank and Trust	158	114	$25m	20.5%	—
14	Truist Bank	225	106	$19m	43.0%	—
15	Nvr Mortgage Finance, Inc.	124	100	$33m	12.3%	—
16	Uwharrie Bank	105	91	$27m	6.1%	—
17	Taylor Morrison Home Funding, Inc.	96	83	$35m	3.5%	—
18	Navy Federal Credit Union	172	80	$17m	33.6%	—
19	Atlantic Bay Mortgage Group	98	77	$21m	0.0%	—
20	American Security Mortgage Cor	108	75	$28m	2.4%	—
21	Skyla Federal Credit Union	95	71	$13m	19.3%	—
22	Crosscountry Mortgage, LLC	114	68	$25m	1.4%	—
23	Pinnacle Bank	102	64	$15m	21.5%	—
24	Wells Fargo Bank NA	125	63	$19m	22.2%	—
25	Mortgage Research Center	133	61	$23m	24.7%	—
26	Pennymac Loan Services LLC	117	61	$23m	21.0%	—
27	Spring Eq, LLC	156	55	$5.5m	56.3%	—
28	Freedom Mortgage Corporation	107	55	$19m	14.5%	—
29	First National Bank of Pa	88	55	$20m	31.3%	—
30	ALCOVA Mortgage, LLC	67	54	$17m	1.6%	—
31	Discover Bank	280	48	$4.1m	72.8%	—
32	Us Bank, N.A.	76	46	$19m	23.3%	—
33	Third Federal Savings and Loan	71	44	$6.0m	31.3%	—
34	Local Gov't Federal C U	83	43	$4.9m	37.1%	—
35	Guild Mortgage Company	65	43	$15m	5.6%	—
36	Nationstar Mortgage	63	42	$8.0m	21.8%	—
37	Figure Lending LLC	68	41	$2.5m	21.9%	—
38	Primis Bank	53	41	$16m	2.4%	—
39	JPMorgan Chase Bank, NA	67	40	$12m	12.8%	—
40	Newrez LLC	108	38	$9.8m	33.3%	—

Lenders with at least 25 applications in the county, by originations; up to 40 shown of 88. Denial rate is denials over decided applications in this county.

Compared with North Carolina and the nation

Measure	This county	North Carolina	United States
Denial rate	23.0%	24.0%	24.3%
Median rate spread, pp	0.2	0.2	0.3
Originations with spread of 1.5 pp or more	13.8%	11.8%	15.6%
Average originated loan	$307k	$299k	$329k
Originations per 1,000 households	79.3	60.0	48.0
Home purchase share of originations	55.5%	56.3%	57.0%
FHA-insured share	11.4%	11.8%	13.4%
VA-guaranteed share	5.9%	11.8%	7.9%

Rate spread distribution

Below 0 pp38.6%

0 to 0.5 pp25.2%

0.5 to 1 pp15.3%

1 to 1.5 pp7.1%

1.5 to 3 pp7.6%

3 or more pp6.2%

Share of 6,057 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: North Carolina). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.

Loan purpose and loan type

By purpose

Home purchase 55% (3,706)Home improvement 9% (627)Refinancing 12% (778)Cash-out refinancing 12% (803)Other purpose 11% (766)

By type

Conventional 83% (5,523)FHA 11% (762)VA 6% (395)

Trend by year

ApplicationsOriginations

Applications and originations in Cabarrus County, 2022–2024

This countyNorth Carolina

Denial rate by year, state rate dashed

Questions and answers

Which lenders are most active in Cabarrus County, NC?

By 2024 originations: State Employees' Credit Union (572), Rocket Mortgage (556), United Wholesale Mortgage (463), Loandepot.com, LLC (325), Movement Mortgage, LLC (228). 88 lenders had at least 25 applications in the county.

What is the mortgage denial rate in Cabarrus County?

23.0% of decided applications were denied in 2024, against 24.0% across North Carolina and 24.3% nationally.

How many mortgages were originated in Cabarrus County in 2024?

6,680 loans totalling $2.1bn, from 11,293 applications; 79.3 originations per 1,000 households.

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 37025; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.