Burke County
North Carolina · FIPS 37023
According to CFPB HMDA 2024 application volume among U.S. counties, Burke County ranks #682 of 3,223, and #38 of 100 in North Carolina.
Mortgage lending activity in Burke County, North Carolina based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Burke County, North Carolina lenders denied 615 of the applications reported here, financing the rest at an average note rate of 6.90%, with applicants self-reporting average annual income of $37K. 176 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 5.1x, meaning typical borrowers took on mortgages of about 5.1 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Burke County
In Burke County, lead originator State Employees' Credit Union funded 26.9% of 1,753 originated loans, above the county fleet's upper tercile (~16.7% top-1). The top three reporters together hold 43.6% of the book, so a handful of names dominate disclosed volume here.
Counties With Similar Application Volume
Nationwide counties nearest to Burke County's 3,324 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Burke County's $189,699 average loan (deduped against volume peers).
Lenders active in Burke County
State Employees' Credit Union funded 471 of the 1,753 loans originated in Burke County, 26.9% of the county. 176 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | State Employees' Credit Union | 471 | 26.9% |
| 2 | Atlantic Bay Mortgage Group | 169 | 9.6% |
| 3 | Rocket Mortgage | 124 | 7.1% |
| 4 | First Ciitizens Bank and Trust | 91 | 5.2% |
| 5 | Truist Bank | 63 | 3.6% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Burke County, from the FFIEC/CFPB HMDA Snapshot National Loan-Level Dataset (2024) -- county FIPS codes follow U.S. Census Bureau standards. Not financial advice for Burke County borrowers. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.