Lenders › Wells Fargo Bank NA › North Carolina
Wells Fargo Bank NA in North Carolina
HMDA record for properties in North Carolina, calendar year 2024. National record · North Carolina overview
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, Wells Fargo Bank NA reported 4,569 applications and 2,318 originations for 2024, $1.6bn in all.
Its denial rate in the state was 26.6%, above the North Carolina rate of 24.0% across all lenders and compared with the lender's national rate of 31.7%.
The median rate spread on its North Carolina originations was 0.1 percentage points (state median 0.2).
Applications in the state were down 26% on 2023.
Compared with the state and the lender's national record
| Measure | In North Carolina | North Carolina, all lenders | Wells Fargo Bank NA, all states | United States |
|---|---|---|---|---|
| Denial rate | 26.6% | 24.0% | 31.7% | 24.3% |
| Median rate spread, pp | 0.1 | 0.2 | -0.0 | 0.3 |
| Originations with spread of 1.5 pp or more | 2.6% | 11.8% | 2.2% | 15.6% |
| Average originated loan | $685k | $299k | $1.0m | $329k |
| Home purchase share | 70.2% | 56.3% | 66.4% | 57.0% |
| FHA-insured share | 2.9% | 11.8% | 2.3% | 13.4% |
| VA-guaranteed share | 3.4% | 11.8% | 2.1% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateNorth Carolina, all lenders
Loan purpose and loan type in North Carolina
By purpose
Home purchase 70% (1,627)Home improvement 2% (37)Refinancing 9% (215)Cash-out refinancing 15% (349)Other purpose 4% (90)
By type
Conventional 94% (2,172)FHA 3% (68)VA 3% (78)
Denial reasons as coded
Share of 841 denials in North Carolina by first denial reason coded (outlined bar: all lenders in the state).
Counties in North Carolina
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Mecklenburg County | 874 | 512 | $677m | 15.6% |
| Wake County | 519 | 237 | $250m | 23.7% |
| Guilford County | 261 | 120 | $116m | 29.4% |
| Forsyth County | 182 | 100 | $25m | 30.6% |
| Union County | 165 | 88 | $47m | 17.0% |
| Johnston County | 127 | 72 | $63m | 24.2% |
| Gaston County | 124 | 65 | $17m | 17.7% |
| Durham County | 137 | 64 | $64m | 29.7% |
| Cabarrus County | 125 | 63 | $19m | 22.2% |
| Iredell County | 114 | 61 | $24m | 19.7% |
| Brunswick County | 96 | 56 | $23m | 20.0% |
| New Hanover County | 84 | 43 | $25m | 23.2% |
| Harnett County | 64 | 39 | $11m | 25.0% |
| Cumberland County | 106 | 38 | $6.7m | 43.5% |
| Rowan County | 80 | 38 | $10m | 40.6% |
| Buncombe County | 70 | 37 | $19m | 32.7% |
| Alamance County | 68 | 28 | $5.7m | 37.8% |
| Wayne County | 54 | 28 | $5.6m | 31.7% |
| Lincoln County | 43 | 28 | $10.0m | 15.2% |
| Catawba County | 58 | 27 | $5.8m | 28.9% |
| Onslow County | 44 | 25 | $5.6m | 26.5% |
| Davidson County | 56 | 24 | $4.7m | 35.1% |
| Orange County | 59 | 23 | $10m | 23.3% |
| Randolph County | 44 | 21 | $3.5m | 40.0% |
| Nash County | 43 | 20 | $3.9m | 43.2% |
| Chatham County | 35 | 18 | $8.5m | — |
| Pitt County | 37 | 17 | $3.5m | 39.3% |
| Stanly County | 32 | 17 | $4.1m | 32.0% |
| Moore County | 31 | 17 | $5.6m | — |
| Burke County | 36 | 16 | $2.5m | 40.7% |
| Craven County | 35 | 16 | $4.3m | 36.0% |
| Surry County | 27 | 15 | $2.4m | — |
| Wilkes County | 28 | 14 | $3.0m | — |
| Pender County | 26 | 13 | $5.1m | — |
| Rockingham County | 29 | 12 | $1.9m | — |
| Dare County | 27 | 11 | $6.1m | — |
| Henderson County | 32 | 10 | $3.1m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Wells Fargo Bank NA originate in North Carolina in 2024?
2,318 loans totalling $1.6bn, from 4,569 applications reported for properties in North Carolina.
What is Wells Fargo Bank NA's denial rate in North Carolina?
26.6% of decided applications in North Carolina were denied, against 24.0% for all lenders in the state and 31.7% 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 Wells Fargo Bank NA lend in most?
By originations: Mecklenburg County (512), Wake County (237), Guilford County (120), Forsyth County (100), Union County (88).
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.