PlainLender

UWHARRIE BANK

ALBEMARLE, NC

UWHARRIE BANK processed 811 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 645 loans with a 6.5% denial rate. Home Purchase was the primary loan purpose. Based in ALBEMARLE, NC. The approval rate of 79.5% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. UWHARRIE BANK processed 811 HMDA-reported mortgage applications in 2024, originating 645 loans and denying 53 for a denial rate of 6.5% (applicants themselves withdrew 100 files before a decision). The average loan amount was $269,353 at a 7.422% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 5493001LHLYJE6PHUL18 from ALBEMARLE, NC.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. UWHARRIE BANK's 79.5% origination rate tells you how often an application turned into funded money; the 6.5% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (734 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

811
Applications
645
Originated
6.5%
Denial Rate
$269,353
Avg Loan Amount
Avg Interest Rate: 7.422% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 734 596 47 $262,875
FHA 53 34 4 $310,094
VA 16 10 1 $406,875
USDA 8 5 1 $318,750

Top loan types — UWHARRIE BANK

Top loan types — UWHARRIE BANK Horizontal bar chart of the top 4 items by value (applications). Top loan types — UWHARRIE BANK Top 4 1. Conventional 734 2. FHA 53 3. VA 16 4. USDA 8 Top 5 loan types by application volume at UWHARRIE BANK (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for UWHARRIE BANK (LEI: 5493001LHLYJE6PHUL18) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
26
Credit history
19
Other
8
Collateral
4
Unverifiable information
2
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 451 360 $363,803
Home Improvement 128 105 $118,750
Refinancing 116 87 $177,931
Other 96 76 $133,333
Cash-out Refinancing 20 17 $286,500

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 519 82.5% 7.5%
Black or African American 52 65.4% 15.4%
Asian 18 83.3% 5.6%
Joint 13 76.9% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 552 81.7% 8.2%
Hispanic or Latino 29 55.2% 13.8%
Joint 6 100.0% 0.0%

Nearby Lenders in NC

Other HMDA-reporting lenders in NC with similar activity. Compare any two side-by-side.

TRUIST BANK

RALEIGH, NC

105,457 apps 35,865 originated 30.8% denied

WELLS FARGO BANK NA

WINSTON SALEM, NC

89,959 apps 37,240 originated 19.4% denied

State Employees' Credit Union

Raleigh, NC

46,508 apps 28,065 originated 23.7% denied

CARDINAL FINANCIAL COMPANY, LI

CHARLOTTE, NC

30,212 apps 15,327 originated 6.7% denied

First Ciitizens Bank and Trust

Raleigh, NC

23,256 apps 15,162 originated 21.0% denied
Compare UWHARRIE BANK vs TRUIST BANK →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did UWHARRIE BANK process?
UWHARRIE BANK processed 811 mortgage applications in the 2023 HMDA reporting year. Of these, 645 were originated (approved and funded), 100 were withdrawn by the applicant, and 53 were denied.
What is UWHARRIE BANK's mortgage approval rate?
UWHARRIE BANK has an approval (origination) rate of 79.5%, meaning 79.5% of all applications resulted in a funded mortgage. The denial rate is 6.5%.
What is the average loan amount at UWHARRIE BANK?
The average mortgage loan amount at UWHARRIE BANK is $269,353. The average interest rate is 7.422%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at UWHARRIE BANK?
The most common reasons for mortgage denial at UWHARRIE BANK are: Debt-to-income ratio, Credit history, Other. In total, 53 applications were denied out of 811 total applications.
What types of mortgage loans does UWHARRIE BANK offer?
UWHARRIE BANK processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 734 applications and an average loan amount of $262,875.
What loan purposes does UWHARRIE BANK serve?
UWHARRIE BANK serves the following loan purposes: Home Purchase (451 applications), Home Improvement (128 applications), Refinancing (116 applications), Other (96 applications), Cash-out Refinancing (20 applications). Home Purchase is the most common purpose.
Where is UWHARRIE BANK located?
UWHARRIE BANK is headquartered in ALBEMARLE, NC. The lender is identified by LEI 5493001LHLYJE6PHUL18 in HMDA data.
How does UWHARRIE BANK compare in lending across racial demographics?
UWHARRIE BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 82.5% and denial rate of 7.5%; Black or African American applicants have an approval rate of 65.4% and denial rate of 15.4%; Asian applicants have an approval rate of 83.3% and denial rate of 5.6%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.