Mortgage lender · Beloit, WI · LEI 254900RO87UFWPI72M63

First Community CU of Beloit review: approval odds, rates and grade (2025)

First Community CU of Beloit earns a D, weaker than most small mortgage lenders. It turned down 31.5% of the applications it decided on in 2025, which ranks in the 7th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

275Applications2025
60.0%Originatedof applications
31.5%Decision denial ratenational 22.6%
Median ratenational 6.63%
$22MLoan volume2 states

First Community CU of Beloit at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

27.6%Denial rate (all applications)+9.66 pts vs national
31.5%Denial rate (decided applications)+8.95 pts vs national
60.0%Origination rate+1.97 pts vs national
9.1%Withdrawn by applicant
3.3%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$105,000Median loan amount
Median total loan costs
$89kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

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%

7th31.5% denied

Processwithdrawn + incomplete share, weight 15%

46th12.4%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202325619011.3%13.2%6.25%$21M
202428120914.6%16.3%6.88%$26M
202527516527.6%31.5%$22M

What First Community CU of Beloit 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

Home purchase 106 39% · 46.2% denied
Refinance 66 24% · 10.6% denied
Cash-out refinance 47 17% · 19.2% denied
Home improvement 3 1% · 0.0% denied
Other / HELOC 53 19% · 20.8% denied

By loan type

Conventional 275 100% · 27.6% denied

Also: 0 home-equity lines, 0 reverse mortgages, 3 manufactured homes, 5 investment properties.

Who gets approved at First Community CU of Beloit

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k491953.7%
$50k – $100k1086034.8%
$100k – $150k675221.2%
$150k – $250k41299.4%
Applicant ageApplicationsOriginatedDecision denial rate
25–34482541.9%
35–44593340.0%
45–54664228.8%
55–64634320.4%
65–74241615.8%

Where First Community CU of Beloit lends

2 states and 22 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Wisconsin1539128.1%#194
Illinois1227427.1%#317

Frequently asked questions

First Community CU of Beloit denied 31.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 7th percentile of small mortgage lenders.

In 2025, 39% of its applications were for home purchases, 41% for refinancing (including cash-out), and 20% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with First Community CU of Beloit. Data sources · Methodology