Cabarrus County
North Carolina · FIPS 37025
According to CFPB HMDA 2024 application volume among U.S. counties, Cabarrus County ranks #230 of 3,223, and #11 of 100 in North Carolina.
Mortgage lending activity in Cabarrus 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. Cabarrus County, North Carolina lenders denied 2,087 of the applications reported here, financing the rest at an average note rate of 7.13%, with applicants self-reporting average annual income of $38K. 343 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 7.5x, meaning typical borrowers took on mortgages of about 7.5 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 Cabarrus County
In Cabarrus County, lead originator State Employees' Credit Union funded only 8.6% of 6,652 originated loans, below the county fleet's lower tercile (~10.9% top-1 share). The top three reporters together hold 23.9% of the book, so shopping across channels still meets many active filers.
Counties With Similar Application Volume
Nationwide counties nearest to Cabarrus County's 12,584 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Cabarrus County's $285,451 average loan (deduped against volume peers).
Lenders active in Cabarrus County
State Employees' Credit Union funded 572 of the 6,652 loans originated in Cabarrus County, 8.6% of the county. 343 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | State Employees' Credit Union | 572 | 8.6% |
| 2 | Rocket Mortgage | 556 | 8.4% |
| 3 | United Wholesale Mortgage | 463 | 7.0% |
| 4 | Loandepot.Com, LLC | 325 | 4.9% |
| 5 | Movement Mortgage, LLC | 228 | 3.4% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Cabarrus 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 Cabarrus 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.