North Carolina Mortgage Lenders & HMDA Data, 2020

In 2020, lenders reported 855,843 mortgage applications in North Carolina totaling $201.6 billion, up 46% from 2019. The average application was for $235,000, and applicants reported an average income of $115,000. 58% of applications resulted in an originated loan and 12% were denied. The most active lenders were Wells Fargo Bank NA (50,408 applications), State Employees' Credit Union and Truist Bank.

See the top mortgage lenders in North Carolina, browse lending by metro area and by county, or see the mortgage lenders headquartered in North Carolina and North Carolina lenders by city.

Need in-depth lender data?
Download the North Carolina mortgage lender list: a formatted spreadsheet with aggregated HMDA statistics for all North Carolina based lenders.
Whether you're an industry analyst, homebuyer, or researcher, this data provides valuable insights into North Carolina's mortgage market trends.

Years 2025  2024  2023  2022  2021  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

Top 25 Mortgage Lenders in North Carolina (2020)

Ranked by the number of mortgage applications each lender received for properties in North Carolina in 2020, wherever the lender is based. For lenders headquartered in the state, see the full list of North Carolina mortgage companies. For the lenders that made the most loans here in 2025, with the top FHA, VA, purchase and refinance lenders, see top mortgage lenders in North Carolina.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Wells Fargo Bank NA
Minneapolis, MN
50,408 $12,116,390,000 $240,366 $125,681
2 State Employees' Credit Union
Raleigh, NC
50,243 $7,220,365,000 $143,708 $92,206
3 Truist Bank
Raleigh, NC
42,250 $9,586,460,000 $226,898 $134,111
4 Freedom Mortgage Corporation
Boca Raton, FL
29,615 $6,352,705,000 $214,509 $98,036
5 Movement Mortgage, LLC
Indian Land, SC
25,600 $6,397,310,000 $249,894 $102,326
6 First Ciitizens Bank and Trust
Raleigh, NC
17,198 $3,541,990,000 $205,953 $173,912
7 PennyMac Loan Services LLC
Westlake Village, CA
17,180 $4,099,810,000 $238,638 $110,056
8 Bank of America NA
Westlake Village, CA
15,654 $3,539,820,000 $226,128 $145,039
9 Vanderbilt Mortgage and Finance, Inc
Maryville, TN
15,301 $1,648,335,000 $107,727 $54,004
10 Fairway Independent Mort Corp
Madison, WI
13,726 $3,088,220,000 $224,990 $97,511
11 Atlantic Bay Mortgage Group
Virginia Beach, VA
12,116 $3,118,600,000 $257,395 $112,728
12 Navy Federal Credit Union
Vienna, VA
11,924 $2,682,940,000 $225,003 $107,983
13 loanDepot.com LLC
Irvine, CA
11,750 $3,043,020,000 $258,980 $109,529
14 Newrez LLC
Fort Washington, PA
11,735 $2,719,985,000 $231,783 $104,704
15 Amerisave Mortgage Company
Sandy Springs, GA
11,005 $2,563,675,000 $232,955 $101,637
16 United Wholesale Mortgage
Plymouth, MI
9,657 $2,658,665,000 $275,309 $120,511
17 Guaranteed Rate, Inc.
Chicago, IL
9,502 $2,589,165,000 $272,486 $122,173
18 Mortgage Research Center
Columbia, MO
9,214 $2,224,740,000 $241,452 $81,266
19 Cardinal Financial Company, Li
Charlotte, NC
9,005 $2,107,565,000 $234,043 $115,850
20 Nationstar Mortgage
Coppell, TX
8,859 $1,919,885,000 $216,715 $96,954
21 Amerihome Mortgage Company, LLC
Thousand Oaks, CA
8,448 $2,114,090,000 $250,247 $111,002
22 Truliant Federal Credit Union
Winston Salem, NC
8,169 $851,835,000 $104,276 $93,096
23 US Bank, N.A.
Cincinnati, OH
7,898 $2,175,420,000 $275,439 $167,819
24 Caliber Home Loans, Inc.
Wilmington, DE
7,707 $1,813,165,000 $235,262 $99,824
25 PNC Bank N.A.
Pittsburgh, PA
7,605 $1,491,925,000 $196,176 $133,211

The tables below break down 2020 mortgage applications in North Carolina by loan purpose, applicant race, loan type, outcome and denial reason, followed by totals for every metro area and county. Click a column heading to sort.

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
Download the North Carolina Lender List

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
Download the North Carolina Lender List

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

Our comprehensive HMDA mortgage statistics offer invaluable insights into North Carolina's 2020 lending landscape. By analyzing detailed data on mortgage applications, loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can identify key trends shaping the state's housing market.

This in-depth information enables real estate experts, financial analysts, and policymakers to monitor market shifts, assess borrower demographics, and evaluate lender performance effectively. Leverage this powerful data to make informed decisions, conduct thorough market research, and stay ahead in the evolving mortgage industry.
To gain a deeper understanding of North Carolina's mortgage lending environment, download the comprehensive list of lenders and their aggregated HMDA statistics today.

Download the North Carolina Lender List