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Rocket Mortgage in North Carolina

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

LEI 549300FGXN1K3HLB1R50
Reporting agency Department of Housing and Urban Development
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.

In North Carolina, Rocket Mortgage reported 21,324 applications and 16,145 originations for 2024, $3.9bn in all.

Its denial rate in the state was 15.9%, below the North Carolina rate of 24.0% across all lenders and compared with the lender's national rate of 18.2%.

The median rate spread on its North Carolina originations was 0.5 percentage points (state median 0.2).

Applications in the state were up 24% on 2023.

21,324applications in NC, 20244.4% of the lender's total
16,145loans originated$3.9bn
15.9%denial rateNC all lenders 24.0%
0.5 ppmedian rate spreadNC 0.2 pp

Compared with the state and the lender's national record

MeasureIn North CarolinaNorth Carolina, all lendersRocket Mortgage, all statesUnited States
Denial rate15.9%24.0%18.2%24.3%
Median rate spread, pp0.50.20.50.3
Originations with spread of 1.5 pp or more17.3%11.8%17.8%15.6%
Average originated loan$244k$299k$270k$329k
Home purchase share35.6%56.3%38.0%57.0%
FHA-insured share18.9%11.8%18.5%13.4%
VA-guaranteed share10.2%11.8%7.8%7.9%

Trend by year

ApplicationsOriginations

013,49326,9862022: 26,986 Applications2023: 17,139 Applications2024: 21,324 Applications2022: 20,246 Originations2023: 12,647 Originations2024: 16,145 Originations202220232024
Rocket Mortgage in North Carolina: applications and originations, 2022–2024

This lender in stateNorth Carolina, all lenders

0%12.3%24.6%2022: 15.2% This lender in state2023: 16.8% This lender in state2024: 15.9% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in North Carolina

By purpose

Home purchase 36% (5,742)Home improvement 1% (144)Refinancing 9% (1,518)Cash-out refinancing 50% (8,031)Other purpose 4% (710)

By type

Conventional 71% (11,450)FHA 19% (3,046)VA 10% (1,649)

Denial reasons as coded

Collateral41.9%
Debt-to-income ratio19%
Credit application incomplete18.6%
Credit history7.6%
Other4.9%
Insufficient cash (downpayment, closing costs)3.6%
Unverifiable information2.8%
Employment history1.6%
Mortgage insurance denied0%

Share of 3,117 denials in North Carolina by first denial reason coded (outlined bar: all lenders in the state).

Counties in North Carolina

CountyApplicationsOriginationsAmountDenial rate
Mecklenburg County2,4221,891$552m13.8%
Wake County2,0051,541$474m13.2%
Guilford County977731$161m18.2%
Forsyth County721579$123m12.3%
Cabarrus County717556$150m15.4%
Union County685521$155m13.9%
Cumberland County659515$102m14.2%
Gaston County667488$117m18.2%
Johnston County567455$109m12.1%
Brunswick County525396$98m15.5%
Durham County481384$107m13.8%
Iredell County508373$98m17.2%
Onslow County453340$71m15.5%
New Hanover County425332$85m13.8%
Catawba County391310$59m13.4%
Rowan County424308$64m16.8%
Buncombe County374284$80m17.2%
Davidson County358270$54m16.9%
Harnett County336262$60m12.2%
Alamance County287228$47m14.4%
Pitt County278219$45m15.2%
Randolph County281214$40m17.0%
Henderson County271203$52m13.9%
Craven County266197$43m18.7%
Lincoln County244180$43m15.9%
Moore County216168$45m14.0%
Cleveland County209158$28m16.2%
Caldwell County175137$26m15.2%
Franklin County180134$34m16.0%
Rockingham County186132$24m20.2%
Pender County180131$37m17.5%
Wayne County162128$24m13.9%
Carteret County181125$34m24.0%
Burke County169124$24m16.6%
Orange County171122$35m18.2%
Haywood County149114$28m14.5%
Nash County179111$20m28.3%
Rutherford County146107$23m15.4%
Surry County131100$19m17.4%
Stanly County131100$19m16.4%

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Rocket Mortgage originate in North Carolina in 2024?

16,145 loans totalling $3.9bn, from 21,324 applications reported for properties in North Carolina.

What is Rocket Mortgage's denial rate in North Carolina?

15.9% of decided applications in North Carolina were denied, against 24.0% for all lenders in the state and 18.2% 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 Rocket Mortgage lend in most?

By originations: Mecklenburg County (1,891), Wake County (1,541), Guilford County (731), Forsyth County (579), Cabarrus County (556).

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.