AERO Federal Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
26th17.1% deniedPricingmedian rate spread over APOR, weight 30%
99th-0.95 ptsProcesswithdrawn + incomplete share, weight 15%
66th8.2%Closing coststotal loan costs ÷ loan amount, weight 10%
93rd0.56% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 163 | 102 | 25.2% | 28.1% | 7.00% | $8.1M |
| 2024 | 287 | 206 | 15.3% | 17.6% | 6.50% | $17M |
| 2025 | 415 | 316 | 15.7% | 17.1% | 5.95% | $43M |
What AERO Federal Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 4 manufactured homes, 0 investment properties.
Why AERO Federal Credit Union denies applications
Primary reason reported for each of the 65 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at AERO Federal Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 27 | 11 | 57.7% |
| $50k – $100k | 102 | 78 | 19.6% |
| $100k – $150k | 132 | 103 | 14.2% |
| $150k – $250k | 117 | 94 | 10.5% |
| Over $250k | 36 | 30 | 6.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 42 | 24 | 25.0% |
| 35–44 | 93 | 71 | 14.5% |
| 45–54 | 102 | 82 | 14.6% |
| 55–64 | 93 | 74 | 16.9% |
| 65–74 | 65 | 48 | 21.3% |
Where AERO Federal Credit Union lends
2 states and 12 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Arizona | 408 | 311 | 15.7% | 5.95% | #127 |
| New Mexico | 7 | 5 | 14.3% | 6.20% | #291 |
Frequently asked questions
AERO Federal Credit Union denied 17.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 26th percentile of small mortgage lenders.
The most common reason AERO Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 55.4% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans AERO Federal Credit Union originated in 2025 was 5.95%, and its median rate spread over the average prime offer rate was -0.95 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 6% of its applications were for home purchases, 12% for refinancing (including cash-out), and 82% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.