Beacon 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 C 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%
4th38.8% deniedPricingmedian rate spread over APOR, weight 30%
96th-0.42 ptsProcesswithdrawn + incomplete share, weight 15%
25th18.1%Closing coststotal loan costs ÷ loan amount, weight 10%
10th3.87% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 144 | 89 | 24.3% | 26.9% | 7.45% | $8.4M |
| 2024 | 322 | 181 | 29.2% | 33.5% | 6.99% | $27M |
| 2025 | 321 | 157 | 31.8% | 38.8% | 5.99% | $25M |
What Beacon 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: 137 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 27 investment properties.
Why Beacon Credit Union denies applications
Primary reason reported for each of the 102 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Beacon 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 | 49 | 16 | 54.3% |
| $50k – $100k | 131 | 69 | 35.5% |
| $100k – $150k | 61 | 28 | 41.7% |
| $150k – $250k | 44 | 29 | 25.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 52 | 26 | 40.9% |
| 35–44 | 66 | 29 | 44.6% |
| 45–54 | 68 | 38 | 34.5% |
| 55–64 | 66 | 32 | 31.9% |
| 65–74 | 36 | 17 | 39.3% |
Where Beacon Credit Union lends
7 states and 27 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Virginia | 307 | 154 | 31.6% | 5.99% | #158 |
| North Carolina | 5 | 2 | 20.0% | 6.06% | #757 |
Frequently asked questions
Beacon Credit Union denied 38.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 4th percentile of small mortgage lenders.
The most common reason Beacon Credit Union gave in 2025 was "credit history", cited on 41.2% 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 Beacon Credit Union originated in 2025 was 5.99%, and its median rate spread over the average prime offer rate was -0.42 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 16% of its applications were for home purchases, 20% for refinancing (including cash-out), and 64% 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.