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Navy Federal Credit Union in North Carolina

HMDA record for properties in North Carolina, calendar year 2024. National record · North Carolina overview

LEI 5493003GQDUH26DNNH17
Reporting agency Consumer Financial Protection Bureau
State North Carolina

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.

Navy Federal Credit Union's 2024 HMDA record for North Carolina covers 11,029 applications, 5,460 of them originated, worth $1.2bn.

Its denial rate in the state was 29.6%, above the North Carolina rate of 24.0% across all lenders and compared with the lender's national rate of 34.3%.

The median rate spread on its North Carolina originations was 0.4 percentage points (state median 0.2).

Applications in the state were up 8% on 2023.

11,029applications in NC, 20246.1% of the lender's total
5,460loans originated$1.2bn
29.6%denial rateNC all lenders 24.0%
0.4 ppmedian rate spreadNC 0.2 pp

Compared with the state and the lender's national record

MeasureIn North CarolinaNorth Carolina, all lendersNavy Federal Credit Union, all statesUnited States
Denial rate29.6%24.0%34.3%24.3%
Median rate spread, pp0.40.20.90.3
Originations with spread of 1.5 pp or more32.7%11.8%39.5%15.6%
Average originated loan$213k$299k$216k$329k
Home purchase share45.6%56.3%37.2%57.0%
FHA-insured share0.0%11.8%0.0%13.4%
VA-guaranteed share30.2%11.8%20.8%7.9%

Trend by year

ApplicationsOriginations

05514.511,0292022: 9,796 Applications2023: 10,256 Applications2024: 11,029 Applications2022: 4,850 Originations2023: 4,725 Originations2024: 5,460 Originations202220232024
Navy Federal Credit Union in North Carolina: applications and originations, 2022–2024

This lender in stateNorth Carolina, all lenders

0%18.3%36.5%2022: 32.6% This lender in state2023: 36.5% This lender in state2024: 29.6% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in North Carolina

By purpose

Home purchase 46% (2,489)Home improvement 22% (1,186)Refinancing 3% (189)Cash-out refinancing 7% (383)Other purpose 22% (1,213)

By type

Conventional 70% (3,812)VA 30% (1,648)

Denial reasons as coded

Debt-to-income ratio39.2%
Credit history23%
Other22.7%
Collateral6.1%
Credit application incomplete3.5%
Unverifiable information3.4%
Employment history1.5%
Insufficient cash (downpayment, closing costs)0.6%
Mortgage insurance denied0%

Share of 2,328 denials in North Carolina by first denial reason coded (outlined bar: all lenders in the state).

Counties in North Carolina

CountyApplicationsOriginationsAmountDenial rate
Onslow County1,534884$175m22.2%
Wake County1,004474$123m28.1%
Cumberland County882396$74m35.6%
Mecklenburg County784359$78m33.8%
Craven County504286$57m22.5%
Harnett County338178$44m25.5%
Johnston County363175$37m33.7%
Guilford County288147$27m31.3%
Brunswick County217114$28m25.6%
Carteret County210114$24m24.7%
Currituck County223110$18m32.1%
Moore County208109$28m25.5%
Durham County228102$23m36.6%
Hoke County19894$20m33.3%
New Hanover County17287$24m27.5%
Pender County16986$22m28.3%
Pasquotank County15781$12m24.5%
Cabarrus County17280$17m33.6%
Forsyth County17576$13m38.7%
Union County15076$21m26.9%
Iredell County13674$19m24.5%
Gaston County15868$14m34.6%
Pitt County13266$11m31.3%
Alamance County12861$14m29.1%
Buncombe County10255$14m20.3%
Davidson County9754$9.7m24.3%
Wayne County11848$8.1m38.1%
Dare County10647$13m27.7%
Franklin County9446$11m29.9%
Rowan County9644$9.7m36.6%
Camden County7443$5.9m20.0%
Nash County9940$6.8m47.4%
Lincoln County7138$8.4m29.6%
Catawba County7637$6.6m24.5%
Chatham County6635$12m27.1%
Lee County6635$8.4m25.0%
Henderson County5833$7.0m21.4%
Burke County4726$4.5m27.8%
Orange County6825$5.6m35.9%
Beaufort County4325$4.5m16.7%

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Navy Federal Credit Union originate in North Carolina in 2024?

5,460 loans totalling $1.2bn, from 11,029 applications reported for properties in North Carolina.

What is Navy Federal Credit Union's denial rate in North Carolina?

29.6% of decided applications in North Carolina were denied, against 24.0% for all lenders in the state and 34.3% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

Which North Carolina counties does Navy Federal Credit Union lend in most?

By originations: Onslow County (884), Wake County (474), Cumberland County (396), Mecklenburg County (359), Craven County (286).

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in North Carolina. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.