States › North Carolina
North Carolina mortgage lending
Every HMDA reporter's applications, originations and denial rate for properties in North Carolina, with all 100 counties.
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. Record year 2024.
North Carolina had 444,394 HMDA-reported mortgage applications and 256,790 originations ($77bn) in 2024, from 478 lenders with at least 25 applications in the state.
The statewide denial rate was 24.0% (national 24.3%) and the median rate spread 0.2 percentage points (national 0.3). Originations ran at 60.0 per 1,000 households, against 48.0 nationally.
Originations in the state went from 267,927 in 2018 to 256,790 in 2024; the denial rate moved from 23.3% to 24.0%.
The most active lenders by originations were State Employees' Credit Union (27,195), Rocket Mortgage (16,145) and United Wholesale Mortgage (10,318).
Most active lenders in North Carolina
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | State Employees' Credit Union | 45,025 | 27,195 | $4.5bn | 28.0% | -0.6 |
| 2 | Rocket Mortgage | 21,324 | 16,145 | $3.9bn | 15.9% | 0.5 |
| 3 | United Wholesale Mortgage | 13,870 | 10,318 | $3.5bn | 12.0% | 0.0 |
| 4 | Movement Mortgage, LLC | 11,220 | 8,310 | $2.7bn | 2.5% | 0.3 |
| 5 | First Ciitizens Bank and Trust | 11,336 | 7,746 | $2.2bn | 22.5% | -1.7 |
| 6 | Truist Bank | 13,731 | 7,011 | $1.8bn | 39.8% | 0.3 |
| 7 | Atlantic Bay Mortgage Group | 7,345 | 5,882 | $1.7bn | 1.4% | 0.4 |
| 8 | Navy Federal Credit Union | 11,029 | 5,460 | $1.2bn | 29.6% | 0.4 |
| 9 | Bank of America NA | 10,448 | 4,872 | $1.3bn | 38.0% | 0.8 |
| 10 | DHI Mortgage Company, LTD. | 6,493 | 4,830 | $1.5bn | 13.0% | -1.0 |
| 11 | Mortgage Research Center | 8,562 | 4,358 | $1.3bn | 22.7% | -0.0 |
| 12 | Truliant Federal Credit Union | 8,339 | 4,045 | $474m | 44.8% | 0.4 |
| 13 | Loandepot.com, LLC | 6,847 | 4,024 | $1.1bn | 25.1% | 0.1 |
| 14 | Fairway Independent Mort Corp | 4,634 | 3,581 | $1.0bn | 4.9% | 0.5 |
| 15 | First National Bank of Pa | 5,258 | 3,484 | $1.3bn | 27.0% | 0.0 |
| 16 | Freedom Mortgage Corporation | 6,545 | 3,445 | $1.1bn | 11.4% | -0.0 |
| 17 | Crosscountry Mortgage, LLC | 5,169 | 3,341 | $1.1bn | 2.3% | 0.5 |
| 18 | Coastal Federal Credit Union | 5,019 | 2,955 | $508m | 26.2% | 0.5 |
| 19 | Lennar Mortgage, LLC | 3,687 | 2,823 | $909m | 10.7% | -0.2 |
| 20 | American Security Mortgage Cor | 3,477 | 2,706 | $1.1bn | 1.3% | 0.1 |
| 21 | Pennymac Loan Services LLC | 5,199 | 2,705 | $919m | 16.0% | -0.1 |
| 22 | Guaranteed Rate, Inc. | 3,997 | 2,611 | $819m | 7.6% | 0.2 |
| 23 | PNC Bank N.A. | 4,432 | 2,338 | $488m | 33.0% | 0.5 |
| 24 | Wells Fargo Bank NA | 4,569 | 2,318 | $1.6bn | 26.6% | 0.1 |
| 25 | JPMorgan Chase Bank, NA | 3,156 | 2,241 | $957m | 7.9% | 0.0 |
| 26 | Union Home Mortgage Corp. | 2,784 | 2,129 | $568m | 4.3% | 0.5 |
| 27 | Nvr Mortgage Finance, Inc. | 2,727 | 2,060 | $638m | 17.5% | -0.0 |
| 28 | Vanderbilt Mortgage and Finance, Inc | 14,819 | 2,006 | $451m | 73.5% | 2.1 |
| 29 | Newrez LLC | 4,631 | 1,866 | $543m | 29.6% | 0.3 |
| 30 | Fifth Third Bank, National Association | 2,995 | 1,646 | $469m | 31.7% | 0.6 |
| 31 | Guild Mortgage Company | 2,262 | 1,607 | $454m | 3.2% | 0.3 |
| 32 | Nationstar Mortgage | 2,393 | 1,591 | $307m | 16.6% | 1.1 |
| 33 | Local Gov't Federal C U | 3,300 | 1,545 | $146m | 42.0% | 0.8 |
| 34 | Allegacy Federal Credit Union | 2,443 | 1,519 | $219m | 17.3% | -2.4 |
| 35 | TowneBank | 1,896 | 1,454 | $569m | 8.1% | 0.3 |
| 36 | United Community Bank | 2,235 | 1,442 | $349m | 24.8% | -0.1 |
| 37 | CMG Mortgage Inc | 2,016 | 1,368 | $473m | 4.6% | 0.3 |
| 38 | Pulte Mortgage LLC | 1,633 | 1,314 | $463m | 6.4% | -0.1 |
| 39 | First Bank | 1,807 | 1,312 | $374m | 21.2% | 0.3 |
| 40 | Discover Bank | 7,438 | 1,309 | $118m | 72.9% | 2.1 |
| 41 | New American Funding, LLC. | 3,717 | 1,276 | $316m | 25.0% | 0.8 |
| 42 | Highlands Residential Mortgage, Ltd. | 1,648 | 1,235 | $339m | 2.6% | 0.3 |
| 43 | ALCOVA Mortgage, LLC | 1,572 | 1,215 | $365m | 3.8% | 0.3 |
| 44 | Figure Lending LLC | 2,323 | 1,190 | $80m | 25.9% | 5.1 |
| 45 | Kiavi Funding, Inc. | 1,564 | 1,182 | $260m | 10.1% | — |
| 46 | Southern Bank and Trust Company | 1,486 | 1,164 | $316m | 13.2% | 0.0 |
| 47 | Pinnacle Bank | 1,713 | 1,107 | $254m | 21.6% | 0.3 |
| 48 | Spring Eq, LLC | 3,483 | 1,084 | $96m | 60.8% | 3.5 |
| 49 | Prosperity Home Mortgage, LLC | 1,502 | 1,075 | $379m | 9.9% | 0.3 |
| 50 | The Fidelity Bank | 1,449 | 1,072 | $247m | 14.7% | 0.4 |
| 51 | Us Bank, N.A. | 2,101 | 1,055 | $367m | 39.1% | 0.4 |
| 52 | Cornerstone Capital Bank, Ssb | 1,197 | 970 | $267m | 1.2% | 0.2 |
| 53 | Mutual of Omaha Mortgage | 1,574 | 948 | $282m | 23.0% | 0.3 |
| 54 | 21st Mortgage | 5,658 | 912 | $105m | 74.2% | 4.1 |
| 55 | Zillow Home Loans, LLC | 1,203 | 908 | $304m | 3.2% | 0.3 |
| 56 | NFM, Inc | 1,176 | 903 | $319m | 2.4% | 0.4 |
| 57 | Third Federal Savings and Loan | 1,666 | 876 | $118m | 38.7% | -0.5 |
| 58 | Amerisave Mortgage Company | 5,106 | 851 | $128m | 80.3% | 1.5 |
| 59 | SouthState Bank, N.A. | 1,302 | 846 | $299m | 22.2% | 0.1 |
| 60 | Corning Credit Union | 1,189 | 821 | $149m | 17.2% | 0.2 |
Top 60 of 478 lenders with at least 25 applications in the state, by originations. 299 lenders have 100 or more applications here and link to a state-specific page.
Compared with the nation
| Measure | North Carolina | United States |
|---|---|---|
| Denial rate | 24.0% | 24.3% |
| Median rate spread, pp | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 11.8% | 15.6% |
| Average originated loan | $299k | $329k |
| Originations per 1,000 households | 60.0 | 48.0 |
| Home purchase share of originations | 56.3% | 57.0% |
| FHA-insured share | 11.8% | 13.4% |
| VA-guaranteed share | 11.8% | 7.9% |
Trend, 2018–2024
ApplicationsOriginations
North CarolinaUnited States
FHA share of originationsVA share
| Year | Applications | Originations | Amount | Denial rate | FHA | VA | Refinance share |
|---|---|---|---|---|---|---|---|
| 2018 | 447,726 | 267,927 | $57bn | 23.3% | 9.8% | 10.0% | 25.3% |
| 2019 | 526,861 | 323,845 | $75bn | 20.6% | 9.8% | 12.0% | 34.4% |
| 2020 | 779,432 | 496,208 | $124bn | 16.2% | 7.4% | 13.3% | 54.2% |
| 2021 | 847,678 | 546,594 | $143bn | 15.6% | 7.3% | 11.4% | 54.3% |
| 2022 | 572,045 | 341,846 | $100bn | 21.3% | 8.0% | 9.3% | 30.3% |
| 2023 | 424,931 | 244,408 | $68bn | 24.6% | 11.0% | 9.5% | 18.3% |
| 2024 | 444,394 | 256,790 | $77bn | 24.0% | 11.8% | 11.8% | 23.6% |
Yearly figures from the HMDA Data Browser aggregations for the state (all reporters).
Loan purpose and loan type, 2024
By purpose
Home purchase 56% (144,457)Home improvement 10% (25,761)Refinancing 12% (31,567)Cash-out refinancing 11% (28,990)Other purpose 10% (25,987)
By type
Conventional 76% (195,015)FHA 12% (30,329)VA 12% (30,283)USDA 0% (1,163)
Counties
| County | Applications | Originations | Per 1,000 households | Denial rate | Median spread | Lenders |
|---|---|---|---|---|---|---|
| Wake County | 48,441 | 29,977 | 65.1 | 19.5% | 0.0 | 172 |
| Mecklenburg County | 46,464 | 27,658 | 59.3 | 22.5% | 0.2 | 187 |
| Guilford County | 19,727 | 11,257 | 51.2 | 26.6% | 0.2 | 100 |
| Forsyth County | 14,519 | 8,653 | 54.1 | 23.9% | 0.2 | 85 |
| Cumberland County | 15,209 | 8,226 | 63.4 | 24.2% | 0.1 | 87 |
| Johnston County | 12,174 | 7,563 | 88.4 | 20.9% | 0.1 | 79 |
| Union County | 12,252 | 7,236 | 85.9 | 23.0% | 0.2 | 82 |
| Durham County | 11,330 | 6,926 | 48.8 | 20.9% | 0.1 | 85 |
| Brunswick County | 11,373 | 6,902 | 99.8 | 21.6% | 0.2 | 76 |
| Cabarrus County | 11,293 | 6,680 | 79.3 | 23.0% | 0.2 | 88 |
| Onslow County | 11,182 | 6,593 | 87.6 | 19.6% | -0.1 | 62 |
| Gaston County | 11,163 | 6,472 | 69.2 | 24.0% | 0.3 | 87 |
| Iredell County | 10,028 | 6,082 | 79.7 | 21.2% | 0.2 | 72 |
| New Hanover County | 9,751 | 6,003 | 57.2 | 20.4% | 0.2 | 70 |
| Buncombe County | 8,658 | 4,910 | 48.2 | 24.5% | 0.2 | 63 |
| Harnett County | 8,251 | 4,900 | 98.3 | 21.4% | 0.0 | 66 |
| Davidson County | 7,815 | 4,647 | 66.5 | 23.9% | 0.2 | 48 |
| Alamance County | 7,664 | 4,496 | 64.2 | 25.7% | 0.1 | 48 |
| Catawba County | 7,063 | 4,235 | 63.9 | 21.4% | 0.2 | 51 |
| Rowan County | 6,348 | 3,606 | 61.2 | 25.0% | 0.3 | 57 |
| Pitt County | 6,333 | 3,529 | 47.3 | 27.1% | 0.0 | 42 |
| Moore County | 5,270 | 3,250 | 73.8 | 19.4% | -0.1 | 47 |
| Randolph County | 5,323 | 2,968 | 51.4 | 28.1% | 0.3 | 42 |
| Craven County | 4,934 | 2,815 | 65.7 | 23.6% | 0.1 | 39 |
| Henderson County | 4,646 | 2,626 | 51.4 | 26.1% | 0.2 | 39 |
| Lincoln County | 4,276 | 2,539 | 69.0 | 21.5% | 0.3 | 42 |
| Wayne County | 4,499 | 2,468 | 52.0 | 27.1% | 0.1 | 35 |
| Orange County | 4,003 | 2,410 | 42.0 | 21.0% | 0.0 | 30 |
| Pender County | 4,151 | 2,348 | 92.8 | 23.8% | 0.1 | 36 |
| Franklin County | 4,020 | 2,334 | 81.8 | 24.5% | 0.1 | 39 |
| Carteret County | 3,632 | 2,182 | 68.2 | 21.3% | 0.2 | 34 |
| Nash County | 3,980 | 2,129 | 54.9 | 29.8% | 0.2 | 36 |
| Cleveland County | 4,085 | 2,117 | 54.5 | 30.2% | 0.3 | 37 |
| Rockingham County | 3,884 | 2,022 | 51.1 | 29.8% | 0.3 | 34 |
| Chatham County | 3,111 | 1,971 | 59.7 | 20.2% | 0.1 | 29 |
| Hoke County | 3,333 | 1,926 | 100.0 | 21.3% | -0.1 | 33 |
| Stanly County | 2,930 | 1,753 | 69.5 | 22.7% | 0.2 | 25 |
| Burke County | 3,085 | 1,751 | 48.2 | 25.0% | 0.1 | 22 |
| Caldwell County | 2,770 | 1,667 | 50.6 | 22.8% | 0.3 | 23 |
| Lee County | 2,668 | 1,576 | 62.7 | 24.0% | 0.0 | 25 |
| Wilson County | 2,747 | 1,538 | 46.5 | 28.8% | 0.1 | 26 |
| Dare County | 2,574 | 1,526 | 90.6 | 22.2% | 0.3 | 25 |
| Haywood County | 2,470 | 1,358 | 50.1 | 25.5% | 0.2 | 21 |
| Currituck County | 2,247 | 1,328 | 112.1 | 21.8% | 0.3 | 24 |
| Rutherford County | 2,484 | 1,313 | 49.3 | 28.2% | 0.3 | 21 |
| Robeson County | 3,456 | 1,271 | 29.5 | 44.8% | 0.5 | 25 |
| Surry County | 2,192 | 1,262 | 42.3 | 25.7% | 0.2 | 18 |
| Granville County | 2,349 | 1,239 | 55.1 | 29.7% | 0.2 | 22 |
| Pasquotank County | 2,096 | 1,152 | 73.0 | 25.6% | 0.2 | 21 |
| Davie County | 1,872 | 1,115 | 64.6 | 22.5% | 0.1 | 16 |
| Stokes County | 1,805 | 1,047 | 53.6 | 25.4% | 0.2 | 17 |
| Watauga County | 1,607 | 979 | 46.2 | 20.0% | 0.2 | 14 |
| Wilkes County | 1,757 | 936 | 34.5 | 29.8% | 0.2 | 15 |
| Person County | 1,595 | 874 | 54.4 | 26.9% | 0.3 | 12 |
| Lenoir County | 1,685 | 847 | 36.3 | 32.7% | 0.2 | 15 |
| Beaufort County | 1,550 | 841 | 43.4 | 28.0% | 0.2 | 17 |
| Sampson County | 1,857 | 838 | 38.8 | 37.5% | 0.3 | 15 |
| Macon County | 1,464 | 832 | 45.2 | 23.9% | 0.3 | 12 |
| Cherokee County | 1,344 | 805 | 60.8 | 22.1% | 0.4 | 13 |
| McDowell County | 1,495 | 776 | 41.6 | 28.2% | 0.1 | 9 |
| Columbus County | 1,732 | 720 | 35.9 | 40.5% | 0.4 | 13 |
| Jackson County | 1,265 | 685 | 37.2 | 28.0% | 0.2 | 7 |
| Transylvania County | 1,212 | 685 | 47.0 | 27.0% | 0.2 | 8 |
| Edgecombe County | 1,433 | 683 | 34.8 | 36.0% | 0.3 | 13 |
| Yadkin County | 1,171 | 678 | 45.2 | 26.3% | 0.2 | 10 |
| Alexander County | 1,084 | 609 | 43.1 | 25.4% | 0.4 | 10 |
| Duplin County | 1,350 | 579 | 27.9 | 39.5% | 0.3 | 10 |
| Richmond County | 1,293 | 578 | 33.9 | 38.0% | 0.3 | 11 |
| Vance County | 1,133 | 533 | 33.0 | 35.0% | 0.4 | 9 |
| Halifax County | 1,273 | 532 | 26.1 | 42.9% | 0.3 | 10 |
| Ashe County | 899 | 522 | 42.8 | 23.1% | 0.0 | 10 |
| Montgomery County | 964 | 503 | 47.3 | 29.4% | 0.2 | 8 |
| Avery County | 849 | 473 | 69.7 | 24.8% | 0.3 | 6 |
| Polk County | 755 | 402 | 44.8 | 28.7% | 0.2 | 5 |
| Scotland County | 1,024 | 401 | 31.9 | 43.4% | 0.4 | 7 |
| Madison County | 768 | 393 | 47.1 | 26.9% | 0.2 | 5 |
| Caswell County | 725 | 350 | 39.6 | 34.7% | 0.5 | 5 |
| Camden County | 593 | 347 | 86.5 | 23.8% | 0.2 | 5 |
| Warren County | 654 | 337 | 41.4 | 31.4% | 0.4 | 3 |
| Bladen County | 840 | 329 | 27.8 | 40.9% | 0.4 | 7 |
| Anson County | 709 | 312 | 36.5 | 39.0% | 0.4 | 6 |
| Perquimans County | 599 | 310 | 55.2 | 27.3% | 0.3 | 7 |
| Chowan County | 546 | 307 | 50.0 | 26.3% | 0.3 | 5 |
| Pamlico County | 523 | 295 | 54.1 | 22.7% | 0.3 | 4 |
| Yancey County | 561 | 274 | 33.7 | 30.2% | 0.3 | 3 |
| Clay County | 474 | 269 | 52.9 | 25.0% | 0.2 | 4 |
| Swain County | 489 | 263 | 43.7 | 29.9% | 0.2 | 4 |
| Martin County | 612 | 262 | 27.6 | 37.2% | 0.4 | 4 |
| Mitchell County | 507 | 233 | 35.4 | 34.0% | 0.1 | 3 |
| Alleghany County | 389 | 227 | 43.8 | 24.4% | 0.2 | 4 |
| Greene County | 472 | 210 | 30.4 | 39.6% | 0.2 | 3 |
| Northampton County | 479 | 199 | 25.3 | 43.6% | 0.3 | 3 |
| Bertie County | 419 | 175 | 24.5 | 39.2% | 0.0 | 3 |
| Hertford County | 391 | 172 | 20.8 | 39.5% | 0.1 | 3 |
| Gates County | 383 | 159 | 37.9 | 39.8% | 0.4 | 3 |
| Jones County | 334 | 157 | 38.1 | 36.6% | 0.4 | 2 |
| Graham County | 285 | 154 | 43.7 | 31.9% | 0.2 | 2 |
| Washington County | 267 | 129 | 27.2 | 34.0% | 0.2 | 1 |
| Tyrrell County | 104 | 49 | 31.7 | 38.3% | -0.2 | 1 |
| Hyde County | 108 | 48 | 24.8 | 37.8% | 0.5 | 0 |
By originations. Lenders: those with at least 25 applications in the county.
VA-guaranteed loans by month
VA publishes lender volume nationally, not by state; see the Aug 2026 VA lender table and the monthly series. The VA-guaranteed share of North Carolina originations by year is charted above from HMDA.
Questions and answers
Which mortgage lenders are most active in North Carolina?
By 2024 originations: State Employees' Credit Union (27,195), Rocket Mortgage (16,145), United Wholesale Mortgage (10,318), Movement Mortgage, LLC (8,310), First Ciitizens Bank and Trust (7,746). 478 lenders had at least 25 applications in the state.
What is the mortgage denial rate in North Carolina?
24.0% of decided applications were denied in 2024, against 24.3% nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
How has mortgage lending in North Carolina changed since 2018?
Originations went from 267,927 in 2018 to 256,790 in 2024; the denial rate moved from 23.3% to 24.0%.
Where does this data come from?
From the public HMDA loan/application register (FFIEC and CFPB) for 2024, the HMDA Data Browser aggregations for 2018–2024, and Census Bureau household estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 and Data Browser aggregations 2018–2024 (FFIEC and CFPB, public domain); households from the Census Bureau ACS 2024 five-year estimates. Built 30 Sep 2026; data through 1 Aug 2026.