Fall River Municipal 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 D 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%
16th21.8% deniedPricingmedian rate spread over APOR, weight 30%
22nd0.64 ptsProcesswithdrawn + incomplete share, weight 15%
48th12.1%Closing coststotal loan costs ÷ loan amount, weight 10%
26th2.68% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 272 | 164 | 17.7% | 19.2% | 5.99% | $23M |
| 2024 | 264 | 142 | 28.8% | 33.6% | 6.83% | $19M |
| 2025 | 224 | 129 | 19.2% | 21.8% | 6.75% | $17M |
What Fall River Municipal 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: 7 home-equity lines, 0 reverse mortgages, 116 manufactured homes, 7 investment properties.
Why Fall River Municipal Credit Union denies applications
Primary reason reported for each of the 43 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Fall River Municipal 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 | 36 | 15 | 39.4% |
| $50k – $100k | 102 | 61 | 19.2% |
| $100k – $150k | 52 | 34 | 14.0% |
| $150k – $250k | 25 | 18 | 9.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 21 | 12 | 27.8% |
| 35–44 | 21 | 10 | 29.4% |
| 45–54 | 38 | 25 | 15.2% |
| 55–64 | 65 | 36 | 21.1% |
| 65–74 | 57 | 31 | 25.9% |
Where Fall River Municipal Credit Union lends
2 states and 8 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 179 | 103 | 19.6% | 6.75% | #176 |
| Rhode Island | 45 | 26 | 17.8% | 6.63% | #102 |
Frequently asked questions
Fall River Municipal Credit Union denied 21.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 16th percentile of small mortgage lenders.
The most common reason Fall River Municipal Credit Union gave in 2025 was "debt-to-income ratio", cited on 53.5% 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 Fall River Municipal Credit Union originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.64 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 54% of its applications were for home purchases, 18% for refinancing (including cash-out), and 28% 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.