New Bern, NC Metro Area Mortgage Lenders & HMDA Data, 2023
In 2023, lenders reported 5,685 mortgage applications in New Bern, NC metro area totaling $1.1 billion, down 25% from 2022. The average application was for $196,055, and applicants reported an average income of $109,000. 51% of applications resulted in an originated loan and 18% were denied. The most active lender was State Employees' Credit Union, with 517 applications, followed by Navy Federal Credit Union and Atlantic Bay Mortgage Group.
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| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 5,685 |
| Total Mortgage Loan Application Amount | $1,114,575,000 |
| Average Mortgage Loan Application Amount | $196,055 |
| Highest Mortgage Loan Application Amount | $3,855,000 |
| Average Applicant Income | $109,000 |
| Highest Applicant Income | $8,427,000 |
Top Mortgage Lenders in New Bern, NC Metro Area (2023)
Ranked by the number of mortgage applications each lender reported in New Bern, NC metro area in 2023.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | State Employees' Credit Union Raleigh, NC |
517 | $62,715,000 | $121,000 | $112,000 |
| 2 | Navy Federal Credit Union Vienna, VA |
500 | $80,190,000 | $160,000 | $115,000 |
| 3 | Atlantic Bay Mortgage Group Virginia Beach, VA |
331 | $75,965,000 | $229,000 | $92,000 |
| 4 | First Ciitizens Bank and Trust Raleigh, NC |
287 | $61,375,000 | $213,000 | $183,000 |
| 5 | Truist Bank Raleigh, NC |
262 | $40,810,000 | $155,000 | $118,000 |
| 6 | PennyMac Loan Services LLC Westlake Village, CA |
238 | $65,610,000 | $275,000 | $112,000 |
| 7 | Guaranteed Rate, Inc. Chicago, IL |
228 | $51,050,000 | $223,000 | $100,000 |
| 8 | 21st Mortgage Knoxville, TN |
208 | $29,760,000 | $143,000 | $64,000 |
| 9 | Mortgage Research Center Columbia, MO |
200 | $52,300,000 | $261,000 | $90,000 |
| 10 | Movement Mortgage, LLC Indian Land, SC |
151 | $36,755,000 | $243,000 | $104,000 |
See every lender active in New Bern, NC metro area in 2023 »
The tables below break down 2023 mortgage applications in New Bern, NC metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for New Bern, NC in 2023
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 3,135 | $765,635,000 | $244,000 | $1,655,000 | $107,000 | $1,180,000 |
| Cash-out Refinancing | 781 | $165,635,000 | $212,000 | $1,165,000 | $92,000 | $1,572,000 |
| Other Purpose | 763 | $66,485,000 | $87,000 | $605,000 | $117,000 | $3,429,000 |
| Home Improvement | 583 | $45,015,000 | $77,000 | $705,000 | $119,000 | $2,750,000 |
| Refinancing | 408 | $70,500,000 | $172,000 | $3,855,000 | $130,000 | $8,427,000 |
| Not Applicable | 15 | $1,305,000 | $87,000 | $125,000 | $59,000 | $59,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 3,416 | $648,660,000 | $189,000 | $1,435,000 | $117,000 | $8,427,000 |
| Not Provided | 694 | $140,030,000 | $201,000 | $1,655,000 | $108,000 | $1,075,000 |
| Black or African American | 590 | $95,830,000 | $162,000 | $855,000 | $79,000 | $363,000 |
| Not applicable | 558 | $145,570,000 | $260,000 | $3,855,000 | $92,000 | $380,000 |
| Hispanic | 266 | $54,020,000 | $203,000 | $795,000 | $94,000 | $309,000 |
| Asian | 98 | $18,790,000 | $191,000 | $865,000 | $85,000 | $595,000 |
| American Indian or Alaskan Native | 36 | $6,050,000 | $168,000 | $495,000 | $89,000 | $451,000 |
| Native Hawaiian or Other Pacific Islander | 12 | $2,880,000 | $240,000 | $395,000 | $87,000 | $140,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 3,631 | $574,875,000 | $158,000 | $3,855,000 | $117,000 | $8,427,000 |
| VA-guaranteed (Veterans Administration) | 1,430 | $409,720,000 | $286,000 | $1,165,000 | $100,000 | $433,000 |
| FHA-insured (Federal Housing Administration) | 606 | $126,720,000 | $209,000 | $2,185,000 | $76,000 | $1,572,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 18 | $3,260,000 | $181,000 | $285,000 | $67,000 | $97,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 2,877 | $600,705,000 | $208,000 | $3,855,000 | $116,000 | $1,512,000 |
| Application Denied By Financial Institution | 1,028 | $140,480,000 | $136,000 | $715,000 | $92,000 | $3,429,000 |
| Application Withdrawn By Applicant | 783 | $163,205,000 | $208,000 | $1,165,000 | $115,000 | $8,427,000 |
| Loan Purchased By The Institution | 523 | $135,505,000 | $259,000 | $1,265,000 | $93,000 | $380,000 |
| File Closed For Incompleteness | 333 | $47,645,000 | $143,000 | $1,165,000 | $96,000 | $1,872,000 |
| Application Approved But Not Accepted | 138 | $26,520,000 | $192,000 | $965,000 | $103,000 | $780,000 |
| Preapproval Denied by Financial Institution | 2 | $360,000 | $180,000 | $195,000 | $62,000 | $80,000 |
| Preapproval Approved but not Accepted | 1 | $155,000 | $155,000 | $155,000 | $142,000 | $142,000 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 4,645 | $966,205,000 | $208,000 | $1,655,000 | $113,000 | $8,427,000 |
| Credit History | 369 | $42,045,000 | $113,000 | $375,000 | $89,000 | $1,579,000 |
| Debt-To-Income Ratio | 324 | $53,920,000 | $166,000 | $3,855,000 | $67,000 | $451,000 |
| Collateral | 128 | $18,130,000 | $141,000 | $625,000 | $97,000 | $680,000 |
| Credit Application Incomplete | 86 | $13,040,000 | $151,000 | $715,000 | $120,000 | $1,572,000 |
| Other | 60 | $9,010,000 | $150,000 | $455,000 | $223,000 | $3,429,000 |
| Unverifiable Information | 41 | $6,085,000 | $148,000 | $335,000 | $81,000 | $300,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 18 | $3,670,000 | $203,000 | $445,000 | $93,000 | $194,000 |
| Employment History | 14 | $2,470,000 | $176,000 | $375,000 | $69,000 | $169,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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