Downey 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 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%
30th30.9% deniedPricingmedian rate spread over APOR, weight 30%
91st-1.67 ptsProcesswithdrawn + incomplete share, weight 15%
2nd31.7%Closing coststotal loan costs ÷ loan amount, weight 10%
95th0.41% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 228 | 142 | 11.0% | 15.0% | 7.75% | $20M |
| 2024 | 126 | 71 | 39.7% | 41.3% | 8.25% | $8.7M |
| 2025 | 180 | 85 | 21.1% | 30.9% | 5.90% | $12M |
What Downey 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: 150 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 10 investment properties.
Why Downey Federal Credit Union denies applications
Primary reason reported for each of the 38 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Downey 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 | 20 | 2 | 83.3% |
| $50k – $100k | 33 | 13 | 45.8% |
| $100k – $150k | 48 | 22 | 26.7% |
| $150k – $250k | 54 | 31 | 18.4% |
| Over $250k | 23 | 15 | 11.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 34 | 13 | 38.1% |
| 45–54 | 51 | 25 | 24.2% |
| 55–64 | 51 | 29 | 27.5% |
Where Downey Federal Credit Union lends
1 states and 3 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 180 | 85 | 21.1% | 5.90% | #378 |
Frequently asked questions
Downey Federal Credit Union denied 30.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 30th percentile of home-equity (HELOC) lenders.
The most common reason Downey Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 60.5% 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 Downey Federal Credit Union originated in 2025 was 5.90%, and its median rate spread over the average prime offer rate was -1.67 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 4% of its applications were for home purchases, 4% for refinancing (including cash-out), and 92% 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.