North Carolina Mortgage Lending
1,113 lenders reporting under HMDA
Statewide mortgage activity. Lenders filed 493,843 HMDA-reported mortgage applications in North Carolina in 2024, originating 256,370 loans and denying 85,304. That puts the statewide denial rate at 17.3% and the approval (origination) rate at 51.9%. The average loan amount across North Carolina was $282,197 at an average note rate of 7.00%. 1,113 distinct institutions, banks, credit unions, and independent mortgage companies, filed HMDA data covering activity in the state. Applications span 100 counties and 17 metropolitan areas.
What drives state-level differences. State mortgage denial rates reflect applicant mix more than lender stance. Credit profiles, loan-to-value ratios, debt-to-income, property type, and rural-versus-urban composition all move the number before any lender policy does. Demographic lending data reported under HMDA shows variation across applicant groups, for example, White applicants had an approval rate of 61.6% and denial rate of 16.7%; while Black or African American applicants had an approval rate of 46.3% and denial rate of 28.9%. These are derived race categories as reported by applicants and do not by themselves prove causation; credit score, income, and loan-to-value are not reported in HMDA and drive much of the underlying variation. Top counties by volume include Wake County, Mecklenburg County, Guilford County.
How to read this page. These are aggregate 2024 HMDA disclosures published by the Consumer Financial Protection Bureau, a federal transparency dataset, not a real-time market feed. A state-level number is useful for context but cannot tell you what rate, fees, or underwriting any individual lender will offer a specific borrower. This page is informational data reporting, not financial, legal, or mortgage advice. Shop at least three lenders, compare Loan Estimates line-by-line, and consult a licensed mortgage professional before applying. Data reflects the CFPB HMDA 2024 Snapshot National Loan-Level Dataset; demographic fields reflect derived categories as reported by applicants.
Nearby Lenders in North Carolina
Top HMDA-reporting lenders active in North Carolina. Compare any two side-by-side for rates, denial rates, and loan mix.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | State Employees' Credit Union | 27,195 | 10.6% |
| 2 | Rocket Mortgage | 16,145 | 6.3% |
| 3 | United Wholesale Mortgage | 10,318 | 4.0% |
| 4 | Movement Mortgage, LLC | 8,310 | 3.2% |
| 5 | First Ciitizens Bank and Trust | 7,746 | 3.0% |
Lending by Race in North Carolina
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 265,405 | 61.6% | 16.7% |
| Black or African American | 64,760 | 46.3% | 28.9% |
| Asian | 25,135 | 62.1% | 12.9% |
| Joint | 8,506 | 61.8% | 15.5% |
| American Indian or Alaska Native | 3,729 | 40.5% | 30.6% |
| 2 or more minority races | 1,339 | 41.4% | 31.2% |
| Native Hawaiian or Other Pacific Islander | 833 | 45.4% | 31.3% |
Counties in North Carolina
| County | Applications | Originated | Denial Rate | Avg Loan |
|---|---|---|---|---|
| Wake County | 55,169 | 29,958 | 13.9% | $372,076 |
| Mecklenburg County | 51,798 | 27,489 | 16.1% | $414,867 |
| Guilford County | 21,378 | 11,246 | 20.0% | $224,586 |
| Cumberland County | 17,212 | 8,216 | 16.4% | $223,032 |
| Forsyth County | 15,793 | 8,650 | 18.0% | $247,720 |
| Johnston County | 13,935 | 7,556 | 15.0% | $250,864 |
| Union County | 13,666 | 7,200 | 16.5% | $320,752 |
| Brunswick County | 13,015 | 6,902 | 15.1% | $288,946 |
| Onslow County | 12,858 | 6,580 | 13.3% | $244,409 |
| Durham County | 12,767 | 6,925 | 15.1% | $301,735 |
| Cabarrus County | 12,584 | 6,652 | 16.6% | $285,451 |
| Gaston County | 12,472 | 6,456 | 17.3% | $244,343 |
| Iredell County | 11,307 | 6,075 | 15.2% | $303,409 |
| New Hanover County | 11,024 | 6,001 | 14.7% | $346,238 |
| Harnett County | 9,708 | 4,899 | 14.4% | $265,501 |
| Buncombe County | 9,351 | 4,896 | 18.0% | $380,016 |
| Davidson County | 8,527 | 4,647 | 17.9% | $199,015 |
| Alamance County | 8,277 | 4,492 | 19.5% | $242,783 |
| Catawba County | 7,726 | 4,234 | 15.8% | $222,114 |
| Pitt County | 6,963 | 3,528 | 19.8% | $200,858 |
| Rowan County | 6,934 | 3,591 | 18.0% | $208,352 |
| Moore County | 5,940 | 3,246 | 13.9% | $338,907 |
| Randolph County | 5,761 | 2,966 | 21.2% | $170,660 |
| Craven County | 5,493 | 2,813 | 16.6% | $218,088 |
| Wayne County | 5,070 | 2,469 | 19.1% | $190,694 |
| Henderson County | 5,040 | 2,626 | 19.4% | $257,744 |
| Pender County | 4,776 | 2,346 | 16.3% | $297,341 |
| Lincoln County | 4,766 | 2,532 | 15.4% | $265,577 |
| Franklin County | 4,618 | 2,333 | 17.1% | $251,754 |
| Nash County | 4,416 | 2,128 | 21.4% | $195,793 |
| Orange County | 4,386 | 2,407 | 15.4% | $336,101 |
| Cleveland County | 4,369 | 2,107 | 22.0% | $182,393 |
| Rockingham County | 4,154 | 2,018 | 21.9% | $168,989 |
| Hoke County | 4,052 | 1,924 | 13.6% | $255,982 |
| Carteret County | 4,017 | 2,176 | 15.4% | $319,782 |
| Robeson County | 3,692 | 1,269 | 31.0% | $155,980 |
| Chatham County | 3,423 | 1,970 | 15.2% | $363,738 |
| Burke County | 3,324 | 1,753 | 18.5% | $189,699 |
| Stanly County | 3,150 | 1,751 | 17.2% | $210,076 |
| Wilson County | 3,066 | 1,538 | 21.2% | $193,311 |
| Lee County | 3,046 | 1,575 | 17.1% | $234,137 |
| Caldwell County | 2,977 | 1,667 | 17.2% | $191,150 |
| Dare County | 2,815 | 1,527 | 16.1% | $389,252 |
| Haywood County | 2,700 | 1,357 | 18.3% | $244,774 |
| Rutherford County | 2,623 | 1,305 | 20.5% | $193,551 |
| Currituck County | 2,611 | 1,328 | 14.9% | $374,322 |
| Granville County | 2,533 | 1,239 | 21.8% | $218,924 |
| Pasquotank County | 2,451 | 1,152 | 17.0% | $237,093 |
| Surry County | 2,375 | 1,262 | 19.1% | $173,400 |
| Davie County | 2,022 | 1,114 | 16.6% | $217,547 |
| Sampson County | 2,001 | 838 | 26.9% | $176,139 |
| Stokes County | 1,965 | 1,047 | 19.0% | $183,982 |
| Columbus County | 1,876 | 720 | 28.9% | $159,611 |
| Wilkes County | 1,875 | 936 | 22.2% | $180,061 |
| Lenoir County | 1,840 | 846 | 23.5% | $153,212 |
| Person County | 1,741 | 874 | 19.2% | $204,362 |
| Watauga County | 1,720 | 979 | 14.8% | $349,547 |
| Beaufort County | 1,675 | 841 | 20.6% | $199,299 |
| McDowell County | 1,584 | 775 | 20.6% | $221,035 |
| Macon County | 1,550 | 830 | 17.8% | $272,316 |
| Edgecombe County | 1,531 | 683 | 26.6% | $144,334 |
| Cherokee County | 1,459 | 805 | 16.3% | $192,937 |
| Duplin County | 1,449 | 579 | 28.3% | $162,226 |
| Halifax County | 1,374 | 532 | 30.9% | $154,614 |
| Richmond County | 1,365 | 578 | 27.8% | $147,022 |
| Jackson County | 1,344 | 685 | 21.0% | $365,313 |
| Transylvania County | 1,306 | 685 | 20.2% | $312,718 |
| Yadkin County | 1,246 | 677 | 20.1% | $171,340 |
| Vance County | 1,205 | 534 | 25.2% | $167,017 |
| Alexander County | 1,163 | 609 | 18.6% | $203,564 |
| Scotland County | 1,100 | 401 | 30.9% | $142,473 |
| Montgomery County | 1,022 | 503 | 22.0% | $218,679 |
| Ashe County | 953 | 522 | 16.9% | $231,149 |
| Bladen County | 906 | 328 | 28.7% | $162,550 |
| Avery County | 896 | 473 | 18.3% | $335,737 |
| Polk County | 821 | 401 | 20.5% | $276,267 |
| Madison County | 816 | 392 | 19.5% | $252,966 |
| Caswell County | 775 | 350 | 25.2% | $164,265 |
| Anson County | 749 | 312 | 28.4% | $167,977 |
| Warren County | 718 | 337 | 22.3% | $245,585 |
| Camden County | 685 | 347 | 16.2% | $258,504 |
| Perquimans County | 647 | 310 | 19.0% | $218,478 |
| Martin County | 646 | 262 | 25.5% | $133,916 |
| Chowan County | 589 | 307 | 19.4% | $196,952 |
| Yancey County | 589 | 274 | 21.7% | $236,986 |
| Pamlico County | 567 | 295 | 16.6% | $241,261 |
| Mitchell County | 526 | 233 | 24.1% | $181,787 |
| Swain County | 522 | 263 | 22.6% | $256,015 |
| Clay County | 504 | 269 | 18.6% | $214,881 |
| Northampton County | 504 | 199 | 32.3% | $171,567 |
| Greene County | 501 | 210 | 28.9% | $159,251 |
| Bertie County | 447 | 175 | 27.3% | $147,595 |
| Alleghany County | 422 | 227 | 18.0% | $202,488 |
| Hertford County | 420 | 172 | 28.3% | $138,476 |
| Gates County | 420 | 159 | 26.4% | $184,119 |
| Jones County | 359 | 156 | 27.0% | $191,685 |
| Graham County | 294 | 154 | 25.5% | $197,381 |
| Washington County | 285 | 129 | 24.9% | $127,140 |
| Hyde County | 114 | 48 | 27.2% | $212,895 |
| Tyrrell County | 108 | 49 | 28.7% | $137,870 |
Metro Areas in North Carolina
Frequently Asked Questions
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What is the mortgage denial rate in North Carolina?
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Which counties in North Carolina have the most mortgage activity?
Mortgage Lending Guides
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. State geography per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Demographic data reflects derived categories as reported by applicants. Provided for informational purposes only.
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 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.