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Clay County, North Carolina
Mortgage lending record for properties in the county, calendar year 2024.
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.
Clay County, North Carolina, saw 474 HMDA-reported applications and 269 originations ($57m) in 2024.
That is 52.9 originations per 1,000 households, against 60.0 for North Carolina and 48.0 nationally.
The county's denial rate was 25.0%, close to the state rate of 24.0%. The median rate spread on originated loans was 0.2 percentage points and 11.0% of originations were 1.5 points or more above the average prime offer rate.
4 lenders reached 25 applications in the county; the most active by originations were United Community Bank (42), State Employees' Credit Union (30) and Rocket Mortgage (21).
Originations were up 12% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | United Community Bank | 61 | 42 | $5.5m | 25.9% | — |
| 2 | State Employees' Credit Union | 39 | 30 | $4.2m | 14.3% | — |
| 3 | Rocket Mortgage | 31 | 21 | $5.2m | 21.4% | — |
| 4 | Vanderbilt Mortgage and Finance, Inc | 25 | 4 | $640k | — | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 4. 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 | 25.0% | 24.0% | 24.3% |
| Median rate spread, pp | 0.2 | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 11.0% | 11.8% | 15.6% |
| Average originated loan | $213k | $299k | $329k |
| Originations per 1,000 households | 52.9 | 60.0 | 48.0 |
| Home purchase share of originations | 47.2% | 56.3% | 57.0% |
| FHA-insured share | 10.4% | 11.8% | 13.4% |
| VA-guaranteed share | 7.1% | 11.8% | 7.9% |
Rate spread distribution
Share of 254 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 47% (127)Home improvement 14% (39)Refinancing 16% (44)Cash-out refinancing 12% (32)Other purpose 10% (27)
By type
Conventional 83% (222)FHA 10% (28)VA 7% (19)
Trend by year
ApplicationsOriginations
This countyNorth Carolina
Questions and answers
Which lenders are most active in Clay County, NC?
By 2024 originations: United Community Bank (42), State Employees' Credit Union (30), Rocket Mortgage (21), Vanderbilt Mortgage and Finance, Inc (4). 4 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Clay County?
25.0% of decided applications were denied in 2024, against 24.0% across North Carolina and 24.3% nationally.
How many mortgages were originated in Clay County in 2024?
269 loans totalling $57m, from 474 applications; 52.9 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 37043; 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.