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Freedom Mortgage Corporation in North Carolina

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

LEI 549300LYRWPSYPK6S325
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.

Freedom Mortgage Corporation's 2024 HMDA record for North Carolina covers 6,545 applications, 3,445 of them originated, worth $1.1bn.

Its denial rate in the state was 11.4%, below the North Carolina rate of 24.0% across all lenders and compared with the lender's national rate of 16.2%.

The median rate spread on its North Carolina originations was -0.0 percentage points (state median 0.2).

Applications in the state were up 135% on 2023.

6,545applications in NC, 20245.3% of the lender's total
3,445loans originated$1.1bn
11.4%denial rateNC all lenders 24.0%
-0.0 ppmedian rate spreadNC 0.2 pp

Compared with the state and the lender's national record

MeasureIn North CarolinaNorth Carolina, all lendersFreedom Mortgage Corporation, all statesUnited States
Denial rate11.4%24.0%16.2%24.3%
Median rate spread, pp-0.00.20.20.3
Originations with spread of 1.5 pp or more2.4%11.8%2.7%15.6%
Average originated loan$307k$299k$340k$329k
Home purchase share35.9%56.3%33.5%57.0%
FHA-insured share28.1%11.8%40.4%13.4%
VA-guaranteed share62.4%11.8%47.9%7.9%

Trend by year

ApplicationsOriginations

03,3726,7442022: 6,744 Applications2023: 2,784 Applications2024: 6,545 Applications2022: 3,307 Originations2023: 1,365 Originations2024: 3,445 Originations202220232024
Freedom Mortgage Corporation in North Carolina: applications and originations, 2022–2024

This lender in stateNorth Carolina, all lenders

0%12.3%24.6%2022: 10.1% This lender in state2023: 18.8% This lender in state2024: 11.4% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in North Carolina

By purpose

Home purchase 36% (1,236)Refinancing 36% (1,243)Cash-out refinancing 28% (958)Other purpose 0% (8)

By type

Conventional 9% (327)FHA 28% (967)VA 62% (2,150)USDA 0% (1)

Denial reasons as coded

Collateral38.2%
Credit history18%
Debt-to-income ratio16.6%
Other11.9%
Unverifiable information5.7%
Credit application incomplete4%
Employment history3.2%
Insufficient cash (downpayment, closing costs)2.4%
Mortgage insurance denied0%

Share of 495 denials in North Carolina by first denial reason coded (outlined bar: all lenders in the state).

Counties in North Carolina

CountyApplicationsOriginationsAmountDenial rate
Onslow County672426$117m8.1%
Cumberland County696406$112m9.3%
Mecklenburg County499249$95m9.9%
Wake County438228$91m9.9%
Harnett County292173$56m7.2%
Johnston County208108$37m8.7%
Guilford County213102$29m13.2%
Hoke County166102$30m10.4%
Forsyth County18594$24m11.9%
Rockingham County13184$21m10.1%
Gaston County12768$21m10.3%
Union County13665$26m7.8%
Moore County12460$24m9.3%
Craven County12056$17m13.3%
Iredell County10556$16m19.0%
Cabarrus County10755$19m14.5%
Durham County11754$19m19.7%
Davidson County10554$14m10.6%
Alamance County9448$13m15.9%
Wayne County7647$11m7.3%
Brunswick County10542$14m27.0%
Pender County6540$14m12.8%
New Hanover County9439$14m23.6%
Rowan County8239$12m12.8%
Randolph County6634$8.4m14.3%
Catawba County8133$8.6m26.5%
Pitt County7133$9.2m7.1%
Nash County6530$8.2m15.0%
Currituck County4930$13m11.4%
Pasquotank County5129$9.1m15.4%
Lee County5129$8.8m5.9%
Robeson County6927$6.5m2.6%
Buncombe County5725$7.4m12.9%
Caldwell County5124$5.1m18.2%
Carteret County4022$6.9m4.0%
Franklin County5721$6.2m15.6%
Lincoln County4421$7.5m8.0%
Orange County3321$8.1m0.0%
Cleveland County4119$5.3m—
Sampson County3417$4.5m—

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Freedom Mortgage Corporation originate in North Carolina in 2024?

3,445 loans totalling $1.1bn, from 6,545 applications reported for properties in North Carolina.

What is Freedom Mortgage Corporation's denial rate in North Carolina?

11.4% of decided applications in North Carolina were denied, against 24.0% for all lenders in the state and 16.2% 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 Freedom Mortgage Corporation lend in most?

By originations: Onslow County (426), Cumberland County (406), Mecklenburg County (249), Wake County (228), Harnett County (173).

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.