Havard 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 B 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%
50th9.8% deniedPricingmedian rate spread over APOR, weight 30%
82nd-0.01 ptsProcesswithdrawn + incomplete share, weight 15%
43rd13.1%Closing coststotal loan costs ÷ loan amount, weight 10%
51st1.87% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 642 | 493 | 9.0% | 10.3% | 5.99% | $144M |
| 2024 | 603 | 471 | 9.0% | 10.2% | 6.99% | $134M |
| 2025 | 495 | 382 | 8.5% | 9.8% | 6.99% | $115M |
What Havard 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: 232 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 2 investment properties.
Why Havard Federal Credit Union denies applications
Primary reason reported for each of the 42 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Havard 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 | 59 | 45 | 11.8% |
| $100k – $150k | 94 | 66 | 18.3% |
| $150k – $250k | 188 | 155 | 6.5% |
| Over $250k | 145 | 114 | 5.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 64 | 49 | 5.8% |
| 35–44 | 167 | 132 | 10.1% |
| 45–54 | 132 | 113 | 3.3% |
| 55–64 | 82 | 57 | 13.2% |
| 65–74 | 36 | 23 | 28.1% |
Where Havard Federal Credit Union lends
7 states and 29 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 462 | 357 | 8.7% | 6.88% | #91 |
| Rhode Island | 11 | 9 | 9.1% | 6.99% | #180 |
| New Hampshire | 9 | 7 | 0.0% | 6.99% | #258 |
| Connecticut | 7 | 5 | 0.0% | 6.99% | #405 |
Frequently asked questions
Havard Federal Credit Union denied 9.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 50th percentile of small mortgage lenders.
The most common reason Havard Federal Credit Union gave in 2025 was "other", cited on 40.5% 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 Havard Federal Credit Union originated in 2025 was 6.99%, and its median rate spread over the average prime offer rate was -0.01 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 33% of its applications were for home purchases, 23% for refinancing (including cash-out), and 44% 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.