Mortgage lender · Phoenix, AZ · LEI 5493002IVUY1DY0ZCL83

Copper State Credit Union review: approval odds, rates and grade (2025)

Copper State Credit Union earns a D, weaker than most mid-size mortgage lenders. It turned down 24.5% of the applications it decided on in 2025, which ranks in the 15th percentile for approval odds. Its median loan was priced 0.75 points above the average prime offer rate, ranking in the 9th percentile on pricing. Compared against 581 mid-size mortgage lenders using 2025 HMDA filings.

1.4kApplications2025
64.5%Originatedof applications
24.5%Decision denial ratenational 22.6%
6.75%Median ratenational 6.63%
$83MLoan volume13 states

Copper State Credit Union at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

22.9%Denial rate (all applications)+4.87 pts vs national
24.5%Denial rate (decided applications)+1.94 pts vs national
64.5%Origination rate+6.43 pts vs national
6.1%Withdrawn by applicant
0.7%Closed for incompleteness
6.75%Median interest rate+0.13 pts vs national
0.75Median rate spread (pts over APOR)+0.50 pts vs national
$75,000Median loan amount
$310Median total loan costs
$130kMedian applicant income
71%Median loan-to-value
0High-cost (HOEPA) loans

How the D grade breaks down

Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

15th24.5% denied

Pricingmedian rate spread over APOR, weight 30%

9th0.75 pts

Processwithdrawn + incomplete share, weight 15%

91st6.9%

Closing coststotal loan costs ÷ loan amount, weight 10%

98th0.41% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202372252021.5%22.2%8.00%$40M
202472853618.5%19.4%8.00%$43M
20251,41891422.9%24.5%6.75%$83M

What Copper State 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

Home purchase 61 4% · 8.2% denied
Refinance 36 3% · 22.2% denied
Cash-out refinance 330 23% · 21.2% denied
Home improvement 72 5% · 23.6% denied
Other / HELOC 919 65% · 24.4% denied

By loan type

Conventional 1,418 100% · 22.9% denied

Also: 118 home-equity lines, 0 reverse mortgages, 9 manufactured homes, 13 investment properties.

Why Copper State Credit Union denies applications

Primary reason reported for each of the 324 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 143 44%
Credit history 126 39%
Collateral 21 6%
Other 14 4%
Employment history 12 4%
Unverifiable information 8 2%

How these reasons compare nationally →

Who gets approved at Copper State Credit Union

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k922959.8%
$50k – $100k36921529.8%
$100k – $150k37926320.0%
$150k – $250k39329915.5%
Over $250k18010527.0%
Applicant ageApplicationsOriginatedDecision denial rate
25–341599030.1%
35–4435021028.7%
45–5434523022.9%
55–6433322821.6%
65–7416811919.9%
Over 74563421.6%

Where Copper State Credit Union lends

13 states and 28 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Arizona1,40291022.8%6.75%#49

Frequently asked questions

Copper State Credit Union denied 24.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 15th percentile of mid-size mortgage lenders.

The most common reason Copper State Credit Union gave in 2025 was "debt-to-income ratio", cited on 44.1% 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 Copper State Credit Union originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.75 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 4% of its applications were for home purchases, 26% for refinancing (including cash-out), and 70% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Copper State Credit Union. Data sources · Methodology