HORIZON 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%
19th20.1% deniedPricingmedian rate spread over APOR, weight 30%
23rd0.62 ptsProcesswithdrawn + incomplete share, weight 15%
10th25.5%Closing coststotal loan costs ÷ loan amount, weight 10%
97th0.35% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 207 | 117 | 14.5% | 19.6% | 6.75% | $7.1M |
| 2024 | 204 | 115 | 19.1% | 22.7% | 7.75% | $7.8M |
| 2025 | 200 | 106 | 15.0% | 20.1% | 6.75% | $8.1M |
What HORIZON 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, 3 investment properties.
Why HORIZON Federal Credit Union denies applications
Primary reason reported for each of the 30 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at HORIZON 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 | 35 | 14 | 38.5% |
| $50k – $100k | 89 | 53 | 16.4% |
| $100k – $150k | 46 | 23 | 19.4% |
| $150k – $250k | 21 | 15 | 5.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 27 | 15 | 9.5% |
| 35–44 | 28 | 18 | 12.0% |
| 45–54 | 47 | 28 | 15.2% |
| 55–64 | 39 | 19 | 32.3% |
| 65–74 | 34 | 15 | 29.2% |
Where HORIZON Federal Credit Union lends
2 states and 10 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Pennsylvania | 198 | 106 | 15.2% | 6.75% | #274 |
Frequently asked questions
HORIZON Federal Credit Union denied 20.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 19th percentile of small mortgage lenders.
The most common reason HORIZON Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 36.7% 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 HORIZON Federal Credit Union originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.62 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 17% of its applications were for home purchases, 24% for refinancing (including cash-out), and 60% for home improvement or other purposes. By loan type: 98% conventional, 1% FHA, 1% 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.