Financial Resources 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%
12th24.9% deniedPricingmedian rate spread over APOR, weight 30%
82nd0.00 ptsProcesswithdrawn + incomplete share, weight 15%
47th12.2%Closing coststotal loan costs ÷ loan amount, weight 10%
36th2.28% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 301 | 189 | 11.3% | 15.2% | 6.38% | $71M |
| 2024 | 205 | 127 | 24.9% | 28.7% | 6.75% | $39M |
| 2025 | 197 | 130 | 21.8% | 24.9% | 6.25% | $48M |
What Financial Resources 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, 6 investment properties.
Why Financial Resources Federal 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 Financial Resources 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 | 25 | 13 | 38.1% |
| $100k – $150k | 39 | 26 | 23.5% |
| $150k – $250k | 90 | 65 | 17.7% |
| Over $250k | 32 | 25 | 13.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 61 | 43 | 18.9% |
| 45–54 | 50 | 33 | 25.0% |
| 55–64 | 42 | 25 | 37.5% |
Where Financial Resources Federal Credit Union lends
18 states and 58 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New Jersey | 136 | 89 | 24.3% | 6.63% | #234 |
| Pennsylvania | 19 | 14 | 5.3% | 5.88% | #605 |
| California | 11 | 7 | 18.2% | 5.63% | #719 |
| North Carolina | 7 | 5 | 14.3% | 5.50% | #685 |
Frequently asked questions
Financial Resources Federal Credit Union denied 24.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 12th percentile of small mortgage lenders.
The most common reason Financial Resources Federal Credit Union gave in 2025 was "other", cited on 37.2% 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 Financial Resources Federal Credit Union originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was 0.00 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 36% of its applications were for home purchases, 27% for refinancing (including cash-out), and 37% 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.