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Discover Bank in North Carolina

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

LEI X05BVSK68TQ7YTOSNR22
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.

In North Carolina, Discover Bank reported 7,438 applications and 1,309 originations for 2024, $118m in all.

Its denial rate in the state was 72.9%, above the North Carolina rate of 24.0% across all lenders and compared with the lender's national rate of 76.0%.

The median rate spread on its North Carolina originations was 2.1 percentage points (state median 0.2).

Applications in the state were about level with 2023.

7,438applications in NC, 20243.4% of the lender's total
1,309loans originated$118m
72.9%denial rateNC all lenders 24.0%
2.1 ppmedian rate spreadNC 0.2 pp

Compared with the state and the lender's national record

MeasureIn North CarolinaNorth Carolina, all lendersDiscover Bank, all statesUnited States
Denial rate72.9%24.0%76.0%24.3%
Median rate spread, pp2.10.22.30.3
Originations with spread of 1.5 pp or more72.6%11.8%75.6%15.6%
Average originated loan$90k$299k$90k$329k
Home purchase share3.5%56.3%3.1%57.0%
FHA-insured share0.0%11.8%0.0%13.4%
VA-guaranteed share0.0%11.8%0.0%7.9%

Trend by year

ApplicationsOriginations

03813.57,6272022: 5,474 Applications2023: 7,627 Applications2024: 7,438 Applications2022: 775 Originations2023: 1,251 Originations2024: 1,309 Originations202220232024
Discover Bank in North Carolina: applications and originations, 2022–2024

This lender in stateNorth Carolina, all lenders

0%37.6%75.2%2022: 75.2% This lender in state2023: 72.1% This lender in state2024: 72.9% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in North Carolina

By purpose

Home purchase 4% (46)Home improvement 33% (427)Refinancing 19% (250)Other purpose 45% (586)

By type

Conventional 100% (1,309)

Denial reasons as coded

Credit history47.4%
Debt-to-income ratio16.3%
Credit application incomplete14.7%
Collateral12.1%
Other8.7%
Unverifiable information0.5%
Employment history0.3%
Insufficient cash (downpayment, closing costs)0%
Mortgage insurance denied0%

Share of 3,651 denials in North Carolina by first denial reason coded (outlined bar: all lenders in the state).

Counties in North Carolina

CountyApplicationsOriginationsAmountDenial rate
Wake County1,008201$22m68.9%
Mecklenburg County947173$17m70.0%
Union County31474$7.9m62.7%
Guilford County34153$4.6m77.5%
Cabarrus County28048$4.1m72.8%
Forsyth County25345$3.2m73.5%
Iredell County19141$4.0m66.4%
Gaston County16338$3.0m68.5%
Johnston County23537$2.8m75.5%
New Hanover County18235$3.0m68.1%
Durham County16434$3.1m65.7%
Cumberland County20132$2.5m77.6%
Brunswick County15426$2.0m73.8%
Catawba County12323$1.9m72.3%
Buncombe County18122$2.4m80.2%
Henderson County8422$2.1m58.9%
Davidson County11720$1.7m75.6%
Alamance County11220$1.6m69.6%
Onslow County12819$1.3m80.0%
Moore County7117$1.2m66.0%
Rowan County11615$1.2m81.7%
Randolph County7414$950k70.8%
Orange County6914$1.1m70.2%
Lincoln County8113$1.2m73.1%
Craven County6913$1.1m70.2%
Harnett County11012$780k84.9%
Burke County5212$890k58.1%
Nash County5711$945k72.5%
Franklin County6410$680k76.2%
Caldwell County5310$570k73.0%
Chatham County5310$1.1m65.6%
Cleveland County5210$520k76.7%
Pitt County699$615k78.3%
Carteret County549$765k73.5%
Surry County379$475k66.7%
Lee County369$1.0m—
Pender County568$570k79.5%
Haywood County528$600k77.1%
Cherokee County367$595k70.4%
Watauga County356$650k—

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Discover Bank originate in North Carolina in 2024?

1,309 loans totalling $118m, from 7,438 applications reported for properties in North Carolina.

What is Discover Bank's denial rate in North Carolina?

72.9% of decided applications in North Carolina were denied, against 24.0% for all lenders in the state and 76.0% 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 Discover Bank lend in most?

By originations: Wake County (201), Mecklenburg County (173), Union County (74), Guilford County (53), Cabarrus County (48).

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.