Apple 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 D grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
24th33.0% deniedPricingmedian rate spread over APOR, weight 30%
20th0.57 ptsProcesswithdrawn + incomplete share, weight 15%
13th21.0%Closing coststotal loan costs ÷ loan amount, weight 10%
16th4.85% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,260 | 1,089 | 30.5% | 38.8% | 8.25% | $174M |
| 2024 | 2,516 | 1,281 | 28.2% | 35.6% | 8.49% | $225M |
| 2025 | 2,322 | 1,229 | 26.1% | 33.0% | 7.49% | $227M |
What Apple 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: 1,280 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 10 investment properties.
Why Apple Federal Credit Union denies applications
Primary reason reported for each of the 606 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Apple 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 | 165 | 20 | 79.2% |
| $50k – $100k | 468 | 217 | 43.2% |
| $100k – $150k | 608 | 356 | 29.6% |
| $150k – $250k | 681 | 437 | 20.8% |
| Over $250k | 341 | 187 | 29.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 225 | 132 | 24.6% |
| 35–44 | 646 | 343 | 33.7% |
| 45–54 | 702 | 353 | 36.2% |
| 55–64 | 465 | 243 | 33.8% |
| 65–74 | 197 | 106 | 30.7% |
| Over 74 | 71 | 39 | 27.8% |
Where Apple Federal Credit Union lends
5 states and 91 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Virginia | 2,014 | 1,101 | 24.9% | 7.49% | #42 |
| Maryland | 202 | 73 | 39.6% | 7.49% | #162 |
| West Virginia | 60 | 37 | 16.7% | 6.99% | #127 |
| North Carolina | 24 | 9 | 29.2% | 7.49% | #498 |
| District of Columbia | 22 | 9 | 36.4% | 7.49% | #114 |
Frequently asked questions
Apple Federal Credit Union denied 33.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 24th percentile of home-equity (HELOC) lenders.
The most common reason Apple Federal Credit Union gave in 2025 was "credit history", cited on 39.1% 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 Apple Federal Credit Union originated in 2025 was 7.49%, and its median rate spread over the average prime offer rate was 0.57 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 9% of its applications were for home purchases, 5% for refinancing (including cash-out), and 86% 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.