CHESSIE 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%
62nd7.2% deniedPricingmedian rate spread over APOR, weight 30%
70th0.11 ptsProcesswithdrawn + incomplete share, weight 15%
31st15.9%Closing coststotal loan costs ÷ loan amount, weight 10%
38th2.23% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 147 | 121 | 8.2% | 9.0% | 6.75% | $12M |
| 2024 | 158 | 129 | 7.6% | 8.3% | 7.00% | $17M |
| 2025 | 182 | 140 | 6.0% | 7.2% | 6.25% | $15M |
What CHESSIE 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, 8 manufactured homes, 16 investment properties.
Why CHESSIE Federal Credit Union denies applications
Primary reason reported for each of the 11 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at CHESSIE 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 | 28 | 26 | 0.0% |
| $50k – $100k | 59 | 52 | 3.7% |
| $100k – $150k | 43 | 38 | 0.0% |
| $150k – $250k | 22 | 20 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 31 | 28 | 0.0% |
| 35–44 | 37 | 28 | 12.5% |
| 45–54 | 38 | 28 | 9.7% |
| 55–64 | 37 | 27 | 6.9% |
| 65–74 | 25 | 19 | 4.6% |
Where CHESSIE Federal Credit Union lends
3 states and 20 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Maryland | 107 | 82 | 7.5% | 6.13% | #220 |
| West Virginia | 61 | 47 | 4.9% | 6.25% | #124 |
| Pennsylvania | 14 | 11 | 0.0% | 6.50% | #639 |
Frequently asked questions
CHESSIE Federal Credit Union denied 7.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 62nd percentile of small mortgage lenders.
The most common reason CHESSIE Federal Credit Union gave in 2025 was "credit history", cited on 72.7% 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 CHESSIE Federal Credit Union originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was 0.11 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 20% of its applications were for home purchases, 77% for refinancing (including cash-out), and 3% 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.