I-C 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%
9th28.2% deniedPricingmedian rate spread over APOR, weight 30%
43rd0.33 ptsProcesswithdrawn + incomplete share, weight 15%
33rd15.5%Closing coststotal loan costs ÷ loan amount, weight 10%
50th1.91% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 267 | 151 | 32.2% | 35.8% | 6.63% | $17M |
| 2024 | 198 | 106 | 33.3% | 37.9% | 7.44% | $19M |
| 2025 | 206 | 119 | 23.8% | 28.2% | 6.50% | $28M |
What I-C 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, 1 manufactured homes, 9 investment properties.
Why I-C Federal Credit Union denies applications
Primary reason reported for each of the 49 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at I-C 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 | 55 | 29 | 37.5% |
| $100k – $150k | 61 | 40 | 21.2% |
| $150k – $250k | 54 | 33 | 20.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 41 | 26 | 14.7% |
| 35–44 | 33 | 17 | 34.6% |
| 45–54 | 42 | 24 | 34.2% |
| 55–64 | 41 | 25 | 26.5% |
| 65–74 | 30 | 17 | 30.8% |
Where I-C Federal Credit Union lends
1 states and 7 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 206 | 119 | 23.8% | 6.50% | #155 |
Frequently asked questions
I-C Federal Credit Union denied 28.2% 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 I-C Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 63.3% 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 I-C Federal Credit Union originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was 0.33 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 33% of its applications were for home purchases, 31% for refinancing (including cash-out), and 36% 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.