FirstLight 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 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%
1st52.7% deniedPricingmedian rate spread over APOR, weight 30%
32nd0.44 ptsProcesswithdrawn + incomplete share, weight 15%
3rd35.4%Closing coststotal loan costs ÷ loan amount, weight 10%
59th1.69% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,416 | 261 | 33.6% | 50.2% | 7.50% | $33M |
| 2024 | 1,316 | 265 | 34.4% | 42.1% | 6.88% | $36M |
| 2025 | 1,171 | 261 | 34.0% | 52.7% | 6.63% | $41M |
What FirstLight 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, 4 manufactured homes, 78 investment properties.
Why FirstLight Federal Credit Union denies applications
Primary reason reported for each of the 398 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at FirstLight 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 | 300 | 46 | 71.0% |
| $50k – $100k | 479 | 113 | 50.8% |
| $100k – $150k | 215 | 62 | 36.6% |
| $150k – $250k | 86 | 28 | 23.9% |
| Over $250k | 45 | 7 | 47.4% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 30 | 2 | 63.6% |
| 25–34 | 251 | 38 | 54.4% |
| 35–44 | 260 | 48 | 57.4% |
| 45–54 | 229 | 65 | 46.9% |
| 55–64 | 211 | 60 | 49.0% |
| 65–74 | 129 | 31 | 50.6% |
| Over 74 | 61 | 17 | 60.9% |
Where FirstLight Federal Credit Union lends
2 states and 30 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 833 | 179 | 36.0% | 6.63% | #186 |
| New Mexico | 338 | 82 | 29.0% | 6.88% | #56 |
Frequently asked questions
FirstLight Federal Credit Union denied 52.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 1st percentile of small mortgage lenders.
The most common reason FirstLight Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 48.7% 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 FirstLight Federal Credit Union originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.44 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 50% of its applications were for home purchases, 50% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 91% conventional, 6% FHA, 4% 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.