South Atlantic Bank mortgage approval rate & lending review
South Atlantic Bank decided 554 mortgage applications and funded 519 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions South Atlantic Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
South Atlantic Bank at a glance
Approval is 10.4 points above the 84.7% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 97% | 316 / 327 | 98% | $335K | 310 |
| Cash-out refinance | 87% | 33 / 38 | 100% | $255K | 33 |
| Refinance | 97% | 56 / 58 | 100% | $315K | 56 |
| Investment property purchase | 94% | 105 / 112 | 98% | $205K | 103 |
South Atlantic Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| South Carolina | 95% | $335K | 514 | 482 |
| North Carolina | 92% | $515K | 36 | 33 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where South Atlantic Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Horry County, SC | Mortgage lenders | 98% | 201 | 191 |
| Horry County, SC | Investment property purchase | 92% | 72 | 65 |
| Beaufort County, SC | Mortgage lenders | 96% | 47 | 45 |
| Horry County, SC | Refinance | 97% | 37 | 36 |
| Horry County, SC | Cash-out refinance | 81% | 26 | 21 |
The county markets where South Atlantic Bank made the most loans. Each link opens that market with every lender ranked.
Questions about South Atlantic Bank
What is South Atlantic Bank's mortgage approval rate?
South Atlantic Bank approved 95.1% of the 554 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 10.4 points above the 84.7% national rate for the same mix of loan types.
How often do borrowers take the loan South Atlantic Bank offers?
Borrowers accepted 98% of the loans South Atlantic Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does South Atlantic Bank make?
The typical home purchase mortgage loan South Atlantic Bank made was $335K; across all loan types its typical loan ran from $205K to $335K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does South Atlantic Bank lend?
South Atlantic Bank decided applications in 5 of the states Fat Boy Data covers, most of them in South Carolina, North Carolina and Florida.
Can I apply to South Atlantic Bank directly?
Yes. South Atlantic Bank is a bank or credit union with 12 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show South Atlantic Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how South Atlantic Bank treats applications, then get a rate quote from the lender.