HONDA 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 F 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%
9th28.0% deniedPricingmedian rate spread over APOR, weight 30%
0th5.95 ptsProcesswithdrawn + incomplete share, weight 15%
12th23.8%Closing coststotal loan costs ÷ loan amount, weight 10%
85th1.02% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 931 | 646 | 15.2% | 17.9% | 7.50% | $72M |
| 2024 | 900 | 641 | 14.0% | 16.4% | 8.00% | $80M |
| 2025 | 765 | 420 | 21.3% | 28.0% | 7.25% | $49M |
What HONDA 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: 336 home-equity lines, 0 reverse mortgages, 6 manufactured homes, 10 investment properties.
Why HONDA Federal Credit Union denies applications
Primary reason reported for each of the 163 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at HONDA 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 | 73 | 33 | 44.1% |
| $50k – $100k | 332 | 173 | 31.4% |
| $100k – $150k | 222 | 130 | 23.5% |
| $150k – $250k | 93 | 64 | 13.5% |
| Over $250k | 30 | 15 | 28.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 21 | 6 | 60.0% |
| 25–34 | 129 | 73 | 28.4% |
| 35–44 | 164 | 81 | 31.9% |
| 45–54 | 185 | 101 | 28.4% |
| 55–64 | 171 | 113 | 19.3% |
| 65–74 | 85 | 42 | 26.3% |
Where HONDA Federal Credit Union lends
25 states and 114 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Ohio | 505 | 296 | 17.8% | 7.25% | #136 |
| Alabama | 77 | 32 | 36.4% | 7.44% | #257 |
| Indiana | 51 | 30 | 17.7% | 7.50% | #348 |
| California | 43 | 21 | 32.6% | 7.50% | #543 |
| North Carolina | 29 | 15 | 17.2% | 7.25% | #476 |
| South Carolina | 17 | 8 | 29.4% | 6.25% | #470 |
| Georgia | 10 | 4 | 30.0% | 8.00% | #666 |
| Florida | 7 | 2 | 14.3% | 6.69% | #999 |
| Texas | 5 | 3 | 20.0% | 7.63% | #1,097 |
Frequently asked questions
HONDA Federal Credit Union denied 28.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 9th percentile of small mortgage lenders.
The most common reason HONDA Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 41.7% 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 HONDA Federal Credit Union originated in 2025 was 7.25%, and its median rate spread over the average prime offer rate was 5.95 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 22% of its applications were for home purchases, 73% for refinancing (including cash-out), and 4% 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.