Charleston-North Charleston Mortgage Lending in 2025

Explore mortgage lending activity in Charleston-North Charleston (MSA/MD Code 16700) using official HMDA public records. Review underwriting outcomes, borrower characteristics, and regional lending benchmarks.

Source: Federal Financial Institutions Examination Council (FFIEC) / Consumer Financial Protection Bureau (CFPB) • Dataset: 2025 Snapshot National Loan-Level Dataset • Updated: June 2, 2026 • Methodology →
Metropolitan Area 16700
17,567 Loans Originated
• Primary State: South Carolina (SC)
• $7.69 Billion Originated Volume
• $365,000 Median Loan
Actionable Applications 22,173 +9.73% vs 2024
Approval Rate 82.88% +0.01 pp vs 2024
Denial Rate 17.12% -0.01 pp vs 2024
Loan Originations 17,567 +9.38% vs 2024
Originated Volume $7.69 Billion +14.99% vs 2024

Credit Decision Outcomes (2025)

Outcomes for 22,173 actionable applications (Actions 1, 2, and 3).

82.88%
17.12%
18,377 approved 3,796 denied
Action 1: Originated
17,567 (79.23%)
Action 2: Approved not accepted
810 (3.65%)
Action 3: Denied
3,796 (17.12%)
Action 4: Withdrawn (not in denominator)
5,482 —
Action 5: Incomplete (not in denominator)
2,034 —
How to read this: Approval rate uses Actions 1, 2, and 3. Actions 4 and 5 are excluded from the credit decision denominator. Read the full methodology →

How Charleston-North Charleston Compares

Metro vs. State Baseline (2025)

Metric Charleston-North Charleston South Carolina
Actionable Apps 22,173 128,189
Approval Rate 82.88% 78.99%
Denial Rate 17.12% 21.01%
Originations 17,567 95,845
Originated Volume $7.69 Billion $31.82 Billion
Median Loan $365,000 $285,000
Compared against South Carolina statewide baseline in 2025.

Lending Trends in Charleston-North Charleston

Year-over-year shifts: 2025 vs. 2024

Metric 2024 2025 Change
Consumer Universe 26,557 29,689 +11.79%
Actionable Apps 20,207 22,173 +9.73%
Originations 16,060 17,567 +9.38%
Approval Rate 82.87% 82.88% +0.01 pp
Denial Rate 17.13% 17.12% -0.01 pp
Median Loan $355,000 $365,000 +2.82%
Dollar Volume $6.69 Billion $7.69 Billion +14.99%

Applications by Borrower Income (Charleston-North Charleston)

Approval and denial rates across gross annual income tiers (2025)

Income Bracket Apps Approval % Denial %
$100k–$149,999 5,054 87.77% 12.23%
$150k+ 6,121 92.04% 7.96%
$50k–$99,999 7,644 80.46% 19.54%
<$50k 1,595 42.88% 57.12%
Income unavailable/entity 1,759 83.74% 16.26%
Gross annual borrower income relied upon during credit underwriting. Descriptive figures only; does not establish causation.

Geographic Market Context

Regional integration within South Carolina (2025)

Official Geographic Designation: Metropolitan Statistical Area / Division 16700, anchored in South Carolina (SC).
Metro Share of State Apps 17.30%
Metro Share of State Volume 24.18%
Geographic Notice: OpenFileData reports verified OMB-designated metropolitan boundaries. Detailed county-level vector choropleths are omitted unless authoritative polygon geometries and county-level consumer records are officially available, preventing data fabrication.

Parent State Association

Explore South Carolina statewide mortgage activity

Charleston-North Charleston is part of OpenFileData’s statewide coverage of South Carolina. View statewide approval benchmarks, metropolitan rankings, and institution profiles across all reporting jurisdictions.

South Carolina Statewide Overview Active Profile
Statewide Actionable Applications: 128,189
Explore South Carolina State Profile →

Methodology

Learn how HMDA credit outcomes, action codes, and consumer filters are computed.

Read Methodology →

South Carolina Profile

Compare all metropolitan areas located in South Carolina.

View State Page →

Download Data

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Methodology & Disclosures

Credit Decision Denominator Rule: Approval and denial rates are calculated strictly among actionable applications reaching a formal credit underwriting decision (Actions 1, 2, and 3: loan originated, approved but not accepted, denied). Applications withdrawn by borrower (Action 4) and closed for incompleteness (Action 5) are tracked in the broader Consumer Mortgage Universe for market completeness but excluded from credit decision rates as no underwriting decision occurred.

Official Data Source & Freeze Date: Official Home Mortgage Disclosure Act (HMDA) records published by the Federal Financial Institutions Examination Council (FFIEC) and Consumer Financial Protection Bureau (CFPB). Primary analysis uses the 2025 Snapshot National Loan-Level Dataset (frozen June 2, 2026); historical baseline uses the 2024 One-Year National Loan-Level Dataset (frozen June 2, 2026).

Public Interest Commitment: OpenFileData does not sell mortgage leads, lender placements, paid rankings, or individualized mortgage recommendations.

For complete technical formulas, SQL implementations, and data definitions, read the full Mortgage Lending Methodology Specification.