Local lending intelligence · HMDA 2023–2025
Mortgage and lending data for Wake County, North Carolina
Every institution that decided a 1–4 unit mortgage application in Wake County, home to Raleigh, between 2023 and 2025: 103,031 applications, 82,156 loans actually funded, across 8 kinds of borrowing.
Wake County at a glance
103,031Applications decided
2023–2025
82,156Loans funded
80% of decisions
230Census tracts
32 ZIP codes
1,151,009People
ACS 2023
What the data shows
Lenders approved 90.9% of home-purchase applications in Wake County, 3.3 points above the North Carolina rate.
The typical purchase mortgage here is $395K.
Investment home improvement is the hardest money to get here: lenders approved 51% of 648 applications.
Lending by loan type in Wake County
| Loan type | Approval | Decided | Typical loan | Taken up | Lenders |
|---|---|---|---|---|---|
| Mortgage lenders | 90.9% | 51,035 | $395K | 97% | 659 |
| Home improvement loans | 69.6% | 16,125 | $95K | 93% | 190 |
| Cash-out refinance | 70.7% | 10,325 | $225K | 94% | 325 |
| Refinance | 79.0% | 15,229 | $225K | 95% | 368 |
| Investment property purchase | 90.8% | 7,700 | $275K | 97% | 379 |
| Investment cash-out refinance | 69.6% | 889 | $215K | 92% | 174 |
| Investment refinance | 75.3% | 1,080 | $265K | 95% | 188 |
| Investment home improvement | 50.8% | 648 | $95K | 96% | 74 |
Approval is the share of decided applications lenders approved; taken up is the share of approvals borrowers accepted. How the numbers work.