Caltech Employees 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%
44th11.4% deniedPricingmedian rate spread over APOR, weight 30%
97th-0.59 ptsProcesswithdrawn + incomplete share, weight 15%
52nd11.1%Closing coststotal loan costs ÷ loan amount, weight 10%
80th1.15% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 142 | 101 | 9.2% | 10.1% | 6.75% | $39M |
| 2024 | 97 | 71 | 10.3% | 10.8% | 6.75% | $44M |
| 2025 | 198 | 148 | 10.1% | 11.4% | 5.88% | $96M |
What Caltech Employees 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, 0 manufactured homes, 6 investment properties.
Why Caltech Employees Federal Credit Union denies applications
Primary reason reported for each of the 20 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Caltech Employees Federal Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $100k – $150k | 30 | 24 | 13.3% |
| $150k – $250k | 66 | 57 | 6.5% |
| Over $250k | 90 | 62 | 10.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 39 | 33 | 8.1% |
| 35–44 | 69 | 49 | 11.9% |
| 45–54 | 48 | 37 | 14.0% |
| 55–64 | 21 | 16 | 15.0% |
Where Caltech Employees Federal Credit Union lends
2 states and 15 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 197 | 148 | 10.2% | 5.88% | #365 |
Frequently asked questions
Caltech Employees Federal Credit Union denied 11.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 44th percentile of small mortgage lenders.
The most common reason Caltech Employees Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 45.0% 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 Caltech Employees Federal Credit Union originated in 2025 was 5.88%, and its median rate spread over the average prime offer rate was -0.59 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 49% of its applications were for home purchases, 26% for refinancing (including cash-out), and 25% 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.