Caribe 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 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%
7th30.8% deniedPricingmedian rate spread over APOR, weight 30%
26th0.57 ptsProcesswithdrawn + incomplete share, weight 15%
79th4.8%Closing coststotal loan costs ÷ loan amount, weight 10%
4th5.28% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 102 | 54 | 42.2% | 44.3% | 6.50% | $7.4M |
| 2024 | 84 | 47 | 38.1% | 40.5% | 6.75% | $6.6M |
| 2025 | 126 | 81 | 29.4% | 30.8% | 6.50% | $12M |
What Caribe 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, 24 investment properties.
Why Caribe Federal Credit Union denies applications
Primary reason reported for each of the 37 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Caribe 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 | 34 | 19 | 42.4% |
| $50k – $100k | 43 | 27 | 28.2% |
| $100k – $150k | 25 | 20 | 20.0% |
| $150k – $250k | 21 | 13 | 30.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 30 | 13 | 50.0% |
| 45–54 | 39 | 26 | 30.8% |
| 55–64 | 26 | 18 | 28.0% |
Where Caribe Federal Credit Union lends
1 states and 30 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Puerto Rico | 126 | 81 | 29.4% | 6.50% | #26 |
Frequently asked questions
Caribe Federal Credit Union denied 30.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 7th percentile of small mortgage lenders.
The most common reason Caribe Federal Credit Union gave in 2025 was "collateral", cited on 43.2% 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 Caribe Federal Credit Union originated in 2025 was 6.50%, 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, 44% of its applications were for home purchases, 52% for refinancing (including cash-out), and 5% for home improvement or other purposes. By loan type: 90% conventional, 6% FHA, 3% 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.