Fortera 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 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
11th27.6% deniedPricingmedian rate spread over APOR, weight 30%
10th0.70 ptsProcesswithdrawn + incomplete share, weight 15%
96th3.7%Closing coststotal loan costs ÷ loan amount, weight 10%
96th0.61% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,425 | 794 | 31.9% | 33.0% | 8.99% | $61M |
| 2024 | 1,377 | 824 | 27.7% | 28.3% | 8.75% | $79M |
| 2025 | 1,416 | 848 | 26.6% | 27.6% | 7.50% | $92M |
What Fortera 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: 627 home-equity lines, 0 reverse mortgages, 5 manufactured homes, 101 investment properties.
Why Fortera Federal Credit Union denies applications
Primary reason reported for each of the 377 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Fortera 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 | 201 | 85 | 42.1% |
| $50k – $100k | 548 | 323 | 27.9% |
| $100k – $150k | 383 | 259 | 23.0% |
| $150k – $250k | 199 | 134 | 20.7% |
| Over $250k | 47 | 24 | 27.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 190 | 97 | 38.3% |
| 35–44 | 290 | 168 | 32.5% |
| 45–54 | 300 | 177 | 27.3% |
| 55–64 | 337 | 215 | 24.7% |
| 65–74 | 195 | 127 | 19.2% |
| Over 74 | 71 | 45 | 18.3% |
Where Fortera Federal Credit Union lends
11 states and 76 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Tennessee | 1,143 | 702 | 26.4% | 7.50% | #57 |
| Kentucky | 253 | 141 | 25.7% | 7.50% | #124 |
| North Carolina | 6 | 1 | 50.0% | 4.75% | #704 |
Frequently asked questions
Fortera Federal Credit Union denied 27.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 11th percentile of mid-size mortgage lenders.
The most common reason Fortera Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 35.5% 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 Fortera Federal Credit Union originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 0.70 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 14% of its applications were for home purchases, 29% for refinancing (including cash-out), and 57% for home improvement or other purposes. By loan type: 95% conventional, 0% FHA, 5% 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.