Wake County
North Carolina · FIPS 37183
According to CFPB HMDA 2024 application volume among U.S. counties, Wake County ranks #20 of 3,210, and #1 of 100 in North Carolina.
Mortgage lending activity in Wake 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. Wake County, North Carolina saw 55,169 HMDA-reported mortgage applications in 2024. Lenders originated 29,958 of those loans and denied 7,655, producing a denial rate of 13.9% and an approval (origination) rate of 54.3%. The average loan amount was $372,076 at an average note rate of 6.97%, with applicants self-reporting average annual income of $37K. 588 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 10.1x, meaning typical borrowers took on mortgages of about 10.1 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 Wake County
In Wake County, lead originator State Employees' Credit Union funded 11.4% of 29,958 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 22.0% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Counties With Similar Application Volume
Nationwide counties nearest to Wake County's 55,169 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Wake County's $372,076 average loan (deduped against volume peers).
Lenders active in Wake County
State Employees' Credit Union funded 3,424 of the 29,958 loans originated in Wake County, 11.4% of the county. 588 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | State Employees' Credit Union | 3,424 | 11.4% |
| 2 | Coastal Federal Credit Union | 1,594 | 5.3% |
| 3 | Lennar Mortgage, LLC | 1,560 | 5.2% |
| 4 | Rocket Mortgage | 1,541 | 5.1% |
| 5 | United Wholesale Mortgage | 1,449 | 4.8% |
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only; does not constitute financial advice for Wake County borrowers.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This Wake County page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. 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.