Granite 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%
17th21.6% deniedPricingmedian rate spread over APOR, weight 30%
13th0.96 ptsProcesswithdrawn + incomplete share, weight 15%
7th28.1%Closing coststotal loan costs ÷ loan amount, weight 10%
68th1.44% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 565 | 260 | 16.1% | 23.8% | 8.00% | $41M |
| 2024 | 467 | 266 | 18.0% | 22.2% | 8.50% | $46M |
| 2025 | 502 | 252 | 15.5% | 21.6% | 6.18% | $69M |
What Granite 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: 180 home-equity lines, 1 reverse mortgages, 1 manufactured homes, 41 investment properties.
Why Granite Federal Credit Union denies applications
Primary reason reported for each of the 78 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Granite 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 | 48 | 9 | 61.3% |
| $50k – $100k | 178 | 94 | 23.5% |
| $100k – $150k | 127 | 70 | 15.2% |
| $150k – $250k | 84 | 48 | 12.5% |
| Over $250k | 41 | 20 | 14.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 62 | 23 | 33.3% |
| 35–44 | 98 | 45 | 27.3% |
| 45–54 | 121 | 67 | 17.2% |
| 55–64 | 89 | 47 | 18.8% |
| 65–74 | 73 | 38 | 24.6% |
| Over 74 | 29 | 16 | 15.0% |
Where Granite Federal Credit Union lends
7 states and 22 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Utah | 454 | 247 | 16.5% | 6.13% | #60 |
Frequently asked questions
Granite Federal Credit Union denied 21.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 17th percentile of small mortgage lenders.
The most common reason Granite Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 60.3% 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 Granite Federal Credit Union originated in 2025 was 6.18%, and its median rate spread over the average prime offer rate was 0.96 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 27% of its applications were for home purchases, 42% for refinancing (including cash-out), and 31% 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.