FEDCHOICE 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 C 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%
4th37.3% deniedPricingmedian rate spread over APOR, weight 30%
100th-7.07 ptsProcesswithdrawn + incomplete share, weight 15%
9th25.9%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 154 | 91 | 20.1% | 22.5% | — | $8.9M |
| 2024 | 244 | 132 | 30.3% | 34.9% | 8.50% | $13M |
| 2025 | 228 | 99 | 27.6% | 37.3% | 7.75% | $12M |
What FEDCHOICE 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: 108 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 2 investment properties.
Why FEDCHOICE Federal Credit Union denies applications
Primary reason reported for each of the 63 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at FEDCHOICE Federal Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 64 | 27 | 34.1% |
| $100k – $150k | 57 | 27 | 39.1% |
| $150k – $250k | 65 | 29 | 37.3% |
| Over $250k | 22 | 13 | 18.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 28 | 13 | 39.1% |
| 45–54 | 47 | 16 | 51.4% |
| 55–64 | 75 | 35 | 36.8% |
| 65–74 | 43 | 16 | 41.9% |
| Over 74 | 20 | 11 | 7.7% |
Where FEDCHOICE Federal Credit Union lends
24 states and 72 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Maryland | 112 | 53 | 28.6% | 7.75% | #217 |
| Pennsylvania | 25 | 9 | 32.0% | 8.00% | #576 |
| Virginia | 20 | 10 | 20.0% | 7.75% | #487 |
| District of Columbia | 17 | 6 | 35.3% | 8.25% | #141 |
| Florida | 11 | 3 | 36.4% | 8.75% | #913 |
| New Jersey | 9 | 4 | 22.2% | 8.00% | #545 |
| Texas | 6 | 1 | 0.0% | 7.75% | #1,063 |
Frequently asked questions
FEDCHOICE Federal Credit Union denied 37.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 4th percentile of small mortgage lenders.
The most common reason FEDCHOICE Federal Credit Union gave in 2025 was "other", cited on 65.1% 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 FEDCHOICE Federal Credit Union originated in 2025 was 7.75%, and its median rate spread over the average prime offer rate was -7.07 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 1% of its applications were for home purchases, 7% 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.