North Carolina
Mortgage Loan Application
Totals and Details
in 2020

Find mortgage statistics and mortgage data for North Carolina.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2020 in all of North Carolina.
You can organize this information by metropolitan area and by county.

Years 2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 855,843
Total Mortgage Loan Application Amount $201,588,860,000
Average Mortgage Loan Application Amount $235,000
Highest Mortgage Loan Application Amount $95,645,000
Average Applicant Income $115,000
Highest Applicant Income $9,999,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in North Carolina, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

Download the North Carolina Lender List

Mortgage Loan Application Detail Totals for North Carolina in 2020

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
Refinancing 359,359 $87,348,905,000 $243,000 $44,005,000 $123,000 $9,999,000
Home Purchase 316,282 $81,915,385,000 $258,000 $75,005,000 $107,000 $9,999,000
Cash-out Refinancing 97,862 $23,726,020,000 $242,000 $95,645,000 $109,000 $8,026,000
Other Purpose 35,577 $3,743,135,000 $105,000 $31,605,000 $132,000 $8,165,000
Home Improvement 34,222 $3,149,520,000 $92,000 $43,865,000 $121,000 $6,666,000
Not Applicable 12,541 $1,705,895,000 $136,000 $23,285,000 $72,000 $434,000

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 510,708 $117,815,650,000 $230,000 $26,655,000 $119,000 $9,999,000
Not Provided 114,704 $27,111,190,000 $236,000 $95,645,000 $125,000 $9,697,000
Black or African American 85,719 $15,981,975,000 $186,000 $4,055,000 $80,000 $6,327,000
Not applicable 67,432 $22,569,680,000 $334,000 $75,005,000 $115,000 $2,108,000
Hispanic 34,644 $6,891,055,000 $198,000 $22,155,000 $83,000 $8,750,000
Asian 29,554 $8,186,110,000 $276,000 $3,485,000 $135,000 $5,304,000
American Indian or Alaskan Native 5,762 $980,090,000 $170,000 $2,855,000 $82,000 $1,750,000
Native Hawaiian or Other Pacific Islander 786 $170,430,000 $216,000 $765,000 $109,000 $5,200,000

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) 640,779 $154,034,590,000 $240,000 $95,645,000 $124,000 $9,999,000
VA-guaranteed (Veterans Administration) 121,643 $29,738,695,000 $244,000 $3,095,000 $75,000 $4,235,000
FHA-insured (Federal Housing Administration) 79,982 $15,400,930,000 $192,000 $50,465,000 $64,000 $8,888,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 13,439 $2,414,645,000 $179,000 $3,755,000 $55,000 $591,000

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 493,529 $122,836,045,000 $248,000 $70,275,000 $120,000 $9,999,000
Application Withdrawn By Applicant 113,651 $27,894,380,000 $245,000 $95,645,000 $120,000 $9,999,000
Application Denied By Financial Institution 98,648 $17,226,950,000 $174,000 $40,005,000 $91,000 $8,888,000
Loan Purchased By The Institution 81,359 $19,479,515,000 $239,000 $7,065,000 $117,000 $3,692,000
File Closed For Incompleteness 48,613 $9,723,875,000 $200,000 $25,885,000 $104,000 $8,515,000
Application Approved But Not Accepted 19,800 $4,376,260,000 $221,000 $74,975,000 $115,000 $4,275,000
Preapproval Denied by Financial Institution 158 $25,460,000 $161,000 $1,205,000 $59,000 $660,000
Preapproval Approved but not Accepted 85 $26,375,000 $310,000 $1,625,000 $113,000 $1,200,000

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 754,617 $183,498,680,000 $243,000 $95,645,000 $119,000 $9,999,000
Debt-To-Income Ratio 29,177 $5,647,915,000 $193,000 $25,625,000 $67,000 $6,329,000
Credit History 27,600 $3,630,600,000 $131,000 $3,875,000 $86,000 $8,888,000
Credit Application Incomplete 14,006 $3,144,220,000 $224,000 $20,005,000 $120,000 $4,135,000
Collateral 11,596 $2,074,780,000 $178,000 $31,045,000 $121,000 $6,014,000
Other 9,476 $1,936,720,000 $204,000 $40,005,000 $121,000 $6,384,000
Unverifiable Information 5,763 $904,545,000 $156,000 $7,165,000 $87,000 $2,470,000
Insufficient Cash (Downpayment, Closing Cost) 2,047 $430,705,000 $210,000 $3,685,000 $123,000 $2,756,000
Employment History 1,544 $317,690,000 $205,000 $1,325,000 $72,000 $1,524,000
Mortgage Insurance Denied 17 $3,005,000 $176,000 $555,000 $81,000 $350,000
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Mortgage Loan Application Totals in 2020 by North Carolina Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
ASHEVILLE, NC 39,438 $ 9,807,090,000 $ 248,000 $ 109,000
BURLINGTON, NC 11,333 $ 2,093,485,000 $ 184,000 $ 86,000
CHARLOTTE-CONCORD-GASTONIA, NC-SC 217,163 $ 57,402,445,000 $ 264,000 $ 126,000
DURHAM-CHAPEL HILL, NC 52,186 $ 13,719,050,000 $ 262,000 $ 127,000
FAYETTEVILLE, NC 41,204 $ 7,613,270,000 $ 184,000 $ 79,000
GOLDSBORO, NC 5,762 $ 952,960,000 $ 165,000 $ 76,000
GREENSBORO-HIGH POINT, NC 48,069 $ 9,404,705,000 $ 195,000 $ 98,000
GREENVILLE, NC 9,992 $ 1,888,370,000 $ 188,000 $ 100,000
HICKORY-LENOIR-MORGANTON, NC 21,554 $ 3,875,730,000 $ 179,000 $ 91,000
JACKSONVILLE, NC 18,630 $ 3,557,730,000 $ 190,000 $ 85,000
NEW BERN, NC 9,309 $ 1,736,365,000 $ 186,000 $ 92,000
RALEIGH, NC 155,993 $ 41,710,375,000 $ 267,000 $ 127,000
ROCKY MOUNT, NC 6,758 $ 1,007,480,000 $ 149,000 $ 77,000
WILMINGTON, NC 31,602 $ 8,610,655,000 $ 272,000 $ 131,000
WINSTON-SALEM, NC 43,347 $ 8,184,245,000 $ 188,000 $ 97,000
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Mortgage Loan Application Totals in 2020 by North Carolina County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Alamance 11,333 $ 2,093,485,000 $ 184,000 $ 86,000
Alexander 1,824 $ 304,540,000 $ 166,000 $ 82,000
Alleghany 756 $ 149,630,000 $ 197,000 $ 115,000
Anson 735 $ 94,575,000 $ 128,000 $ 69,000
Ashe 1,648 $ 325,940,000 $ 197,000 $ 111,000
Avery 1,893 $ 514,395,000 $ 271,000 $ 205,000
Beaufort 2,356 $ 395,180,000 $ 167,000 $ 101,000
Bertie 533 $ 59,985,000 $ 112,000 $ 72,000
Bladen 1,155 $ 152,635,000 $ 132,000 $ 72,000
Brunswick 20,238 $ 4,885,770,000 $ 241,000 $ 129,000
Buncombe 22,355 $ 5,978,865,000 $ 267,000 $ 119,000
Burke 4,483 $ 706,925,000 $ 157,000 $ 84,000
Cabarrus 23,709 $ 5,799,635,000 $ 244,000 $ 106,000
Caldwell 4,419 $ 713,915,000 $ 161,000 $ 80,000
Camden 1,334 $ 313,920,000 $ 235,000 $ 88,000
Carteret 8,744 $ 2,251,000,000 $ 257,000 $ 148,000
Caswell 896 $ 143,090,000 $ 159,000 $ 85,000
Catawba 10,826 $ 2,150,220,000 $ 198,000 $ 99,000
Chatham 7,549 $ 2,270,315,000 $ 300,000 $ 144,000
Cherokee 2,350 $ 383,740,000 $ 163,000 $ 84,000
Chowan 834 $ 142,720,000 $ 171,000 $ 98,000
Clay 926 $ 193,200,000 $ 208,000 $ 108,000
Cleveland 5,271 $ 819,285,000 $ 155,000 $ 76,000
Columbus 2,001 $ 255,495,000 $ 127,000 $ 75,000
Craven 7,906 $ 1,478,850,000 $ 187,000 $ 91,000
Cumberland 24,388 $ 4,368,050,000 $ 179,000 $ 80,000
Currituck 5,363 $ 1,773,375,000 $ 330,000 $ 168,000
Dare 7,233 $ 2,201,375,000 $ 304,000 $ 175,000
Davidson 11,032 $ 1,895,520,000 $ 171,000 $ 86,000
Davie 3,166 $ 624,200,000 $ 197,000 $ 106,000
Duplin 1,714 $ 230,940,000 $ 134,000 $ 74,000
Durham 27,635 $ 6,973,295,000 $ 252,000 $ 118,000
Edgecombe 1,438 $ 155,560,000 $ 108,000 $ 64,000
Forsyth 25,024 $ 5,072,100,000 $ 202,000 $ 104,000
Franklin 6,874 $ 1,431,820,000 $ 208,000 $ 88,000
Gaston 18,174 $ 3,585,220,000 $ 197,000 $ 92,000
Gates 606 $ 93,800,000 $ 154,000 $ 70,000
Graham 464 $ 81,990,000 $ 176,000 $ 98,000
Granville 4,288 $ 878,790,000 $ 204,000 $ 91,000
Greene 572 $ 65,570,000 $ 114,000 $ 65,000
Guilford 35,230 $ 7,479,320,000 $ 212,000 $ 106,000
Halifax 1,690 $ 249,700,000 $ 147,000 $ 87,000
Harnett 11,556 $ 2,271,660,000 $ 196,000 $ 80,000
Haywood 5,113 $ 1,042,075,000 $ 203,000 $ 95,000
Henderson 10,530 $ 2,476,310,000 $ 235,000 $ 96,000
Hertford 630 $ 72,100,000 $ 114,000 $ 69,000
Hoke 5,259 $ 973,265,000 $ 185,000 $ 70,000
Hyde 196 $ 38,760,000 $ 197,000 $ 137,000
Iredell 18,060 $ 4,862,840,000 $ 269,000 $ 121,000
Jackson 2,900 $ 854,440,000 $ 294,000 $ 191,000
Johnston 22,404 $ 4,650,600,000 $ 207,000 $ 90,000
Jones 419 $ 63,575,000 $ 151,000 $ 81,000
Lee 3,757 $ 679,625,000 $ 180,000 $ 82,000
Lenoir 1,835 $ 222,785,000 $ 121,000 $ 75,000
Lincoln 8,458 $ 2,049,220,000 $ 242,000 $ 110,000
Macon 3,184 $ 693,250,000 $ 217,000 $ 129,000
Madison 1,439 $ 309,735,000 $ 215,000 $ 97,000
Martin 661 $ 72,785,000 $ 110,000 $ 73,000
McDowell 2,285 $ 425,105,000 $ 186,000 $ 101,000
Mecklenburg 110,707 $ 31,545,835,000 $ 284,000 $ 140,000
Mitchell 837 $ 144,355,000 $ 172,000 $ 92,000
Montgomery 1,278 $ 250,640,000 $ 196,000 $ 123,000
Moore 11,251 $ 2,866,055,000 $ 254,000 $ 112,000
Nash 5,321 $ 851,975,000 $ 160,000 $ 81,000
New Hanover 24,363 $ 6,780,610,000 $ 278,000 $ 136,000
Northampton 758 $ 137,610,000 $ 181,000 $ 117,000
Onslow 18,630 $ 3,557,930,000 $ 190,000 $ 85,000
Orange 10,502 $ 3,187,180,000 $ 303,000 $ 160,000
Pamlico 984 $ 193,930,000 $ 197,000 $ 101,000
Pasquotank 2,863 $ 504,745,000 $ 176,000 $ 78,000
Pender 7,239 $ 1,830,045,000 $ 252,000 $ 116,000
Perquimans 1,074 $ 214,690,000 $ 199,000 $ 91,000
Person 2,211 $ 408,555,000 $ 184,000 $ 92,000
Pitt 9,992 $ 1,888,370,000 $ 188,000 $ 100,000
Polk 1,684 $ 384,080,000 $ 228,000 $ 108,000
Randolph 8,119 $ 1,236,615,000 $ 152,000 $ 76,000
Richmond 1,548 $ 193,790,000 $ 125,000 $ 67,000
Robeson 4,969 $ 483,055,000 $ 97,000 $ 61,000
Rockingham 4,720 $ 688,770,000 $ 145,000 $ 74,000
Rowan 9,445 $ 1,667,545,000 $ 176,000 $ 81,000
Rutherford 3,689 $ 665,445,000 $ 180,000 $ 98,000
Sampson 2,108 $ 285,650,000 $ 135,000 $ 79,000
Scotland 1,180 $ 145,020,000 $ 122,000 $ 73,000
Stanly 4,112 $ 741,330,000 $ 180,000 $ 84,000
Stokes 2,482 $ 363,970,000 $ 146,000 $ 76,000
Surry 3,242 $ 490,940,000 $ 151,000 $ 80,000
Swain 778 $ 147,420,000 $ 189,000 $ 113,000
Transylvania 2,815 $ 663,965,000 $ 235,000 $ 125,000
Tyrrell 169 $ 20,385,000 $ 120,000 $ 67,000
Union 27,878 $ 7,798,370,000 $ 279,000 $ 131,000
Vance 1,404 $ 210,220,000 $ 149,000 $ 83,000
Wake 126,715 $ 35,628,405,000 $ 281,000 $ 135,000
Warren 1,099 $ 244,365,000 $ 222,000 $ 148,000
Washington 327 $ 38,025,000 $ 116,000 $ 77,000
Watauga 4,427 $ 1,169,155,000 $ 264,000 $ 164,000
Wayne 5,763 $ 953,145,000 $ 165,000 $ 76,000
Wilkes 2,851 $ 442,495,000 $ 155,000 $ 81,000
Wilson 3,877 $ 614,915,000 $ 158,000 $ 85,000
Yadkin 1,643 $ 228,455,000 $ 139,000 $ 78,000
Yancey 1,138 $ 224,740,000 $ 197,000 $ 105,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in North Carolina.

If you prefer, you can download a copy of the entire list of mortgage lenders in North Carolina and search similar information back through 2003.

Download the North Carolina Lender List