Carter Bank & Trust
Carter Bank & Trust received 516 applications in 2025 and made 338 mortgages, in 119 counties across 6 states. The median rate its borrowers got was 7.438% on a median loan of $135,000. Of 486 decisions, 138 were denials — 28.4%, most often for debt-to-income ratio.
| Legal Entity Identifier | 549300SO0M022D8D8358 |
|---|---|
| Applications received | 516 |
| Mortgages made | 338 |
| Denied | 138 |
| Approved, not taken up | 10 |
| Withdrawn or incomplete | 30 |
| Loans bought from other lenders | 125 |
| Median rate spread over the prime offer rate | 0.878 points |
| FDIC-insured bank | Yes: Carter Bank & Trust, 66 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 100 | 6.750% | $345,000 | 13.3% |
| Refinancing | 62 | 7.250% | $205,000 | 22.4% |
| Other purposes | 176 | 8.188% | $75,000 | 36.7% |
Where Carter Bank & Trust lends most
The 50 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Henry County, VA | 32 | 7.438% | 18.0% |
| Mecklenburg County, NC | 26 | 7.875% | 23.5% |
| Franklin County, VA | 21 | 7.500% | 30.0% |
| Pittsylvania County, VA | 16 | 7.750% | 40.7% |
| Wake County, NC | 15 | 6.750% | 5.9% |
| Guilford County, NC | 10 | 8.313% | 37.5% |
| Iredell County, NC | 9 | Under 10 loans | 40.0% |
| Spotsylvania County, VA | 8 | Under 10 loans | 27.3% |
| Rockingham County, NC | 7 | Under 10 loans | 50.0% |
| Carroll County, VA | 7 | Under 10 loans | 46.2% |
| Patrick County, VA | 7 | Under 10 loans | 56.3% |
| Stafford County, VA | 7 | Under 10 loans | 36.4% |
| Charlottesville city, VA | 7 | Under 10 loans | 11.1% |
| Lynchburg city, VA | 7 | Under 10 loans | 25.0% |
| Bedford County, VA | 6 | Under 10 loans | 33.3% |
| Roanoke County, VA | 6 | Under 10 loans | 33.3% |
| Roanoke city, VA | 6 | Under 10 loans | 40.0% |
| Davidson County, NC | 5 | Under 10 loans | 16.7% |
| Forsyth County, NC | 5 | Under 10 loans | 16.7% |
| Albemarle County, VA | 5 | Under 10 loans | 53.8% |
| Montgomery County, VA | 5 | Under 10 loans | 14.3% |
| Martinsville city, VA | 5 | Under 10 loans | 16.7% |
| Cabarrus County, NC | 4 | Under 10 loans | 0.0% |
| Surry County, NC | 4 | Under 10 loans | 55.6% |
| Floyd County, VA | 4 | Under 10 loans | 0.0% |
| Danville city, VA | 4 | Under 10 loans | 33.3% |
| Catawba County, NC | 3 | Under 10 loans | 0.0% |
| Gaston County, NC | 3 | Under 10 loans | 25.0% |
| New Hanover County, NC | 3 | Under 10 loans | 25.0% |
| Campbell County, VA | 3 | Under 10 loans | 25.0% |
| Craig County, VA | 3 | Under 10 loans | 0.0% |
| Grayson County, VA | 3 | Under 10 loans | 40.0% |
| Louisa County, VA | 3 | Under 10 loans | 0.0% |
| Pulaski County, VA | 3 | Under 10 loans | 25.0% |
| Radford city, VA | 3 | Under 10 loans | 0.0% |
| Alamance County, NC | 2 | Under 10 loans | 33.3% |
| Brunswick County, NC | 2 | Under 10 loans | 0.0% |
| Cumberland County, NC | 2 | Under 10 loans | 0.0% |
| Franklin County, NC | 2 | Under 10 loans | 0.0% |
| Lincoln County, NC | 2 | Under 10 loans | 33.3% |
| Northampton County, NC | 2 | Under 10 loans | 0.0% |
| Orange County, NC | 2 | Under 10 loans | 0.0% |
| Rowan County, NC | 2 | Under 10 loans | 0.0% |
| Culpeper County, VA | 2 | Under 10 loans | 0.0% |
| Fairfax County, VA | 2 | Under 10 loans | 33.3% |
| Greene County, VA | 2 | Under 10 loans | 0.0% |
| Halifax County, VA | 2 | Under 10 loans | 50.0% |
| Hanover County, VA | 2 | Under 10 loans | 0.0% |
| Henrico County, VA | 2 | Under 10 loans | 0.0% |
| James City County, VA | 2 | Under 10 loans | 0.0% |
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.