Southern Bank and Trust Company mortgage approval rate & lending review
Southern Bank and Trust Company decided 1,428 mortgage applications and funded 1,163 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Southern Bank and Trust Company reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Southern Bank and Trust Company at a glance
Approval is 7.6 points above the 80.5% 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 | 94% | 492 / 526 | 90% | $345K | 445 |
| Home improvement loans | 78% | 130 / 167 | 96% | $105K | 125 |
| Cash-out refinance | 79% | 31 / 39 | 90% | $215K | 28 |
| Refinance | 80% | 242 / 303 | 98% | $165K | 237 |
| Investment property purchase | 94% | 291 / 310 | 89% | $215K | 260 |
| Investment refinance | 93% | 40 / 43 | 92% | $225K | 37 |
| Investment home improvement | 86% | 31 / 36 | 94% | $65K | 29 |
Southern Bank and Trust Company lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| North Carolina | 90% | $155K | 1,109 | 922 |
| Virginia | 82% | $175K | 311 | 235 |
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 Southern Bank and Trust Company lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Pitt County, NC | Mortgage lenders | 95% | 155 | 133 |
| Pitt County, NC | Investment property purchase | 92% | 106 | 90 |
| Pitt County, NC | Refinance | 83% | 82 | 66 |
| New Hanover County, NC | Mortgage lenders | 97% | 65 | 57 |
| Wayne County, NC | Mortgage lenders | 85% | 72 | 56 |
| Virginia Beach city, VA | Home improvement loans | 76% | 68 | 49 |
| Virginia Beach city, VA | Refinance | 69% | 59 | 41 |
| New Hanover County, NC | Investment property purchase | 94% | 48 | 39 |
| Craven County, NC | Mortgage lenders | 94% | 35 | 31 |
| New Hanover County, NC | Refinance | 79% | 34 | 27 |
| Wayne County, NC | Refinance | 81% | 32 | 26 |
| Wake County, NC | Investment property purchase | 100% | 27 | 23 |
The county markets where Southern Bank and Trust Company made the most loans. Each link opens that market with every lender ranked.
Questions about Southern Bank and Trust Company
What is Southern Bank and Trust Company's mortgage approval rate?
Southern Bank and Trust Company approved 88.2% of the 1,428 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 7.6 points above the 80.5% national rate for the same mix of loan types.
How often do borrowers take the loan Southern Bank and Trust Company offers?
Borrowers accepted 92% of the loans Southern Bank and Trust Company 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 Southern Bank and Trust Company make?
The typical home purchase mortgage loan Southern Bank and Trust Company made was $345K; across all loan types its typical loan ran from $65K to $345K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Southern Bank and Trust Company lend?
Southern Bank and Trust Company decided applications in 4 of the states Fat Boy Data covers, most of them in North Carolina, Virginia and South Carolina.
Can I apply to Southern Bank and Trust Company directly?
Yes. Southern Bank and Trust Company is a bank or credit union with 57 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Southern Bank and Trust Company'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 Southern Bank and Trust Company treats applications, then get a rate quote from the lender.