State Employees' mortgage approval rate & lending review
State Employees' decided 68,454 mortgage applications and funded 50,736 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions State Employees' reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
State Employees' at a glance
Approval is 0.2 points above the 75.1% 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 | 86% | 19,464 / 22,509 | 98% | $285K | 19,064 |
| Home improvement loans | 68% | 15,205 / 22,202 | 99% | $55K | 15,047 |
| Cash-out refinance | 62% | 2,482 / 3,971 | 99% | $205K | 2,450 |
| Refinance | 72% | 9,706 / 13,536 | 99% | $105K | 9,600 |
| Investment property purchase | 87% | 2,796 / 3,216 | 98% | $245K | 2,742 |
| Investment cash-out refinance | 59% | 224 / 378 | 99% | $205K | 221 |
| Investment refinance | 68% | 636 / 941 | 98% | $125K | 623 |
| Investment home improvement | 59% | 1,010 / 1,701 | 98% | $65K | 989 |
State Employees' lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| North Carolina | 75% | $105K | 66,291 | 49,143 |
| South Carolina | 77% | $245K | 1,572 | 1,182 |
| Georgia | 71% | $325K | 279 | 191 |
| Virginia | 78% | $265K | 174 | 135 |
| Tennessee | 79% | $345K | 109 | 85 |
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 State Employees' lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Wake County, NC | Mortgage lenders | 88% | 3,742 | 3,249 |
| Wake County, NC | Home improvement loans | 72% | 4,083 | 2,904 |
| Wake County, NC | Refinance | 75% | 2,708 | 2,005 |
| Guilford County, NC | Mortgage lenders | 87% | 1,735 | 1,476 |
| Mecklenburg County, NC | Home improvement loans | 67% | 1,699 | 1,128 |
| Johnston County, NC | Mortgage lenders | 87% | 1,258 | 1,078 |
| Guilford County, NC | Home improvement loans | 63% | 1,661 | 1,037 |
| Forsyth County, NC | Mortgage lenders | 89% | 1,091 | 951 |
| Mecklenburg County, NC | Mortgage lenders | 84% | 1,148 | 944 |
| Alamance County, NC | Mortgage lenders | 88% | 964 | 834 |
| Johnston County, NC | Home improvement loans | 68% | 1,203 | 806 |
| Durham County, NC | Mortgage lenders | 88% | 929 | 796 |
The county markets where State Employees' made the most loans. Each link opens that market with every lender ranked.
Questions about State Employees'
What is State Employees''s mortgage approval rate?
State Employees' approved 75.3% of the 68,454 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 0.2 points above the 75.1% national rate for the same mix of loan types.
How often do borrowers take the loan State Employees' offers?
Borrowers accepted 98% of the loans State Employees' 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 State Employees' make?
The typical home purchase mortgage loan State Employees' made was $285K; across all loan types its typical loan ran from $55K to $285K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does State Employees' lend?
State Employees' decided applications in 21 of the states Fat Boy Data covers, most of them in North Carolina, South Carolina and Georgia.
Can I apply to State Employees' directly?
Yes. State Employees' is a bank or credit union with 295 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show State Employees''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 State Employees' treats applications, then get a rate quote from the lender.