North Carolina Mortgage Lending in 2025
Explore residential mortgage lending activity in North Carolina using official HMDA public records. Review underwriting credit decisions, borrower demographics, regional metro markets, and the most active lenders.
Credit Decision Outcomes (2025)
Outcomes for 222,012 actionable applications (Actions 1, 2, and 3).
How North Carolina Compares
Key metrics: North Carolina vs. U.S. (2025)
| Metric | North Carolina | U.S. |
|---|---|---|
| Actionable Apps | 222,012 | 5,197,320 |
| Approval Rate | 82.32% | 82.12% |
| Denial Rate | 17.68% | 17.88% |
| Originations | 174,135 | 4,052,301 |
| Originated Volume | $61.35 Billion | $1.58 Trillion |
| Median Loan | $305,000 | $325,000 |
Lending Trends in North Carolina
Year-over-year shifts: 2025 vs. 2024
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Consumer Universe | 258,765 | 289,802 | +11.99% |
| Actionable Apps | 199,808 | 222,012 | +11.11% |
| Originations | 155,841 | 174,135 | +11.74% |
| Approval Rate | 81.85% | 82.32% | +0.47 pp |
| Denial Rate | 18.15% | 17.68% | -0.47 pp |
| Median Loan | $295,000 | $305,000 | +3.39% |
| Dollar Volume | $52.65 Billion | $61.35 Billion | +16.53% |
Applications by Borrower Income (North Carolina)
Approval and denial rates across gross annual income tiers (2025)
| Income Bracket | Apps | Approval % | Denial % |
|---|---|---|---|
| $100k–$149,999 | 48,044 | 87.99% | 12.01% |
| $150k+ | 51,341 | 92.40% | 7.60% |
| $50k–$99,999 | 79,216 | 80.33% | 19.67% |
| <$50k | 25,832 | 55.20% | 44.80% |
| Income unavailable/entity | 17,579 | 86.23% | 13.77% |
Metropolitan Areas in North Carolina
Top metropolitan areas ranked by total actionable applications
| Metropolitan Area | Apps | Originations | Approval % |
|---|---|---|---|
| Charlotte-Concord-Gastonia | 61,266 | 49,763 | 84.92% |
| Virginia Beach-Chesapeake-Norfolk | 38,212 | 31,201 | 85.90% |
| Raleigh-Cary | 31,958 | 26,920 | 87.26% |
| Winston-Salem | 13,767 | 10,759 | 81.90% |
| Greensboro-High Point | 13,607 | 10,260 | 79.19% |
| Wilmington | 12,066 | 9,733 | 84.62% |
| Fayetteville | 10,609 | 7,948 | 80.99% |
| Durham-Chapel Hill | 9,648 | 8,050 | 86.52% |
| Hickory-Lenoir-Morganton | 7,297 | 5,648 | 81.07% |
| Asheville | 6,943 | 5,430 | 82.36% |
| Jacksonville | 6,793 | 5,471 | 85.96% |
| Burlington | 3,875 | 3,025 | 81.37% |
| Greenville | 3,238 | 2,361 | 77.05% |
| Rocky Mount | 2,878 | 1,939 | 71.23% |
| Pinehurst-Southern Pines | 2,940 | 2,430 | 87.18% |
| Goldsboro | 2,540 | 1,847 | 76.85% |
Top Mortgage Lenders by Action 1 Originations
Institutions ranked strictly by total originated loans in North Carolina (2025)
| Rank | Lending Institution | Originations | Approval % |
|---|---|---|---|
| 1 | ROCKET MORTGAGE | 12,758 | 82.31% |
| 2 | United Wholesale Mortgage | 12,204 | 87.66% |
| 3 | State Employees' Credit Union | 11,856 | 76.49% |
| 4 | MOVEMENT MORTGAGE, LLC | 6,603 | 98.09% |
| 5 | ATLANTIC BAY MORTGAGE GROUP | 4,928 | 98.60% |
| 6 | Mortgage Research Center | 4,688 | 73.88% |
| 7 | DHI Mortgage Company, LTD. | 4,562 | 82.86% |
| 8 | FREEDOM MORTGAGE CORPORATION | 4,405 | 88.66% |
| 9 | CROSSCOUNTRY MORTGAGE, LLC | 3,793 | 97.38% |
| 10 | PENNYMAC LOAN SERVICES LLC | 3,178 | 85.32% |
Methodology
Learn how HMDA credit outcomes, action codes, and consumer filters are computed.
Read Methodology →State Directory
Compare mortgage lending patterns and approval rates across the 54 reporting states and territories.
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