Mortgage lender · Dearborn, MI · LEI 549300W6K140RN8NQB93

Dfcu Financial review: approval odds, rates and grade (2025)

Dfcu Financial earns a B, better than most home-equity (HELOC) lenders. It turned down 14.3% of the applications it decided on in 2025, which ranks in the 82nd percentile for approval odds. Its median loan was priced 0.10 points above the average prime offer rate, ranking in the 52nd percentile on pricing. Compared against 412 home-equity (HELOC) lenders using 2025 HMDA filings.

4.9kApplications2025
67.5%Originatedof applications
14.3%Decision denial ratenational 22.6%
6.25%Median ratenational 6.63%
$654MLoan volume11 states

Dfcu Financial at a glance, 2025

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

12.9%Denial rate (all applications)-5.06 pts vs national
14.3%Denial rate (decided applications)-8.31 pts vs national
67.5%Origination rate+9.43 pts vs national
6.6%Withdrawn by applicant
2.9%Closed for incompleteness
6.25%Median interest rate-0.38 pts vs national
0.10Median rate spread (pts over APOR)-0.15 pts vs national
$105,000Median loan amount
$4,053Median total loan costs
$108kMedian applicant income
69%Median loan-to-value
0High-cost (HOEPA) loans

How the B grade breaks down

Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

82nd14.3% denied

Pricingmedian rate spread over APOR, weight 30%

52nd0.10 pts

Processwithdrawn + incomplete share, weight 15%

67th9.5%

Closing coststotal loan costs ÷ loan amount, weight 10%

32nd3.86% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20233,9152,20716.3%20.0%7.49%$323M
20244,7452,76415.2%18.2%6.63%$452M
20254,8623,28012.9%14.3%6.25%$654M

What Dfcu Financial 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 1,108 23% · 1.2% denied
Refinance 589 12% · 12.1% denied
Cash-out refinance 253 5% · 7.1% denied
Home improvement 1,645 34% · 14.8% denied
Other / HELOC 1,267 26% · 22.3% denied

By loan type

Conventional 4,862 100% · 12.9% denied

Also: 2,713 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 67 investment properties.

Why Dfcu Financial denies applications

Primary reason reported for each of the 628 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 233 37%
Credit history 212 34%
Other 100 16%
Collateral 69 11%
Employment history 7 1%
Unverifiable information 5 1%
Incomplete application 2 0%

How these reasons compare nationally →

Who gets approved at Dfcu Financial

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

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k58026033.7%
$50k – $100k1,6161,05117.3%
$100k – $150k1,1858838.8%
$150k – $250k9697248.2%
Over $250k4583316.5%
Applicant ageApplicationsOriginatedDecision denial rate
Under 25826110.1%
25–3457339114.5%
35–4483053516.7%
45–541,01669614.8%
55–641,17779614.1%
65–7481054712.9%
Over 7435824212.4%

Where Dfcu Financial lends

11 states and 109 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Michigan4,3462,98513.3%6.25%#18
Florida4042958.4%6.00%#268

Frequently asked questions

Dfcu Financial denied 14.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 82nd percentile of home-equity (HELOC) lenders.

The most common reason Dfcu Financial gave in 2025 was "debt-to-income ratio", cited on 37.1% 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 Dfcu Financial originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was 0.10 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 23% of its applications were for home purchases, 17% for refinancing (including cash-out), and 60% 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 Dfcu Financial. Data sources · Methodology