Educational 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 F 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%
3rd41.6% deniedPricingmedian rate spread over APOR, weight 30%
10th1.10 ptsProcesswithdrawn + incomplete share, weight 15%
41st13.6%Closing coststotal loan costs ÷ loan amount, weight 10%
2nd6.50% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 763 | 379 | 39.3% | 43.7% | 6.50% | $40M |
| 2024 | 726 | 395 | 30.9% | 35.0% | 6.99% | $58M |
| 2025 | 638 | 318 | 35.9% | 41.6% | 7.09% | $47M |
What Educational 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, 15 investment properties.
Why Educational Federal Credit Union denies applications
Primary reason reported for each of the 229 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Educational 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 | 70 | 17 | 73.4% |
| $50k – $100k | 254 | 114 | 47.1% |
| $100k – $150k | 173 | 94 | 34.7% |
| $150k – $250k | 108 | 74 | 22.1% |
| Over $250k | 26 | 16 | 11.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 74 | 39 | 33.9% |
| 45–54 | 177 | 95 | 40.4% |
| 55–64 | 184 | 87 | 43.2% |
| 65–74 | 123 | 57 | 45.7% |
| Over 74 | 65 | 32 | 42.9% |
Where Educational Federal Credit Union lends
1 states and 21 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 638 | 318 | 35.9% | 7.09% | #208 |
Frequently asked questions
Educational Federal Credit Union denied 41.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 3rd percentile of small mortgage lenders.
The most common reason Educational Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 68.1% 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 Educational Federal Credit Union originated in 2025 was 7.09%, and its median rate spread over the average prime offer rate was 1.10 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 13% of its applications were for home purchases, 38% for refinancing (including cash-out), and 49% 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.