Jolt 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 C 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%
12th24.6% deniedPricingmedian rate spread over APOR, weight 30%
74th0.08 ptsProcesswithdrawn + incomplete share, weight 15%
22nd19.0%Closing coststotal loan costs ÷ loan amount, weight 10%
38th2.24% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 342 | 107 | 21.6% | 32.7% | 4.99% | $16M |
| 2024 | 345 | 101 | 24.9% | 31.9% | 6.49% | $17M |
| 2025 | 331 | 114 | 19.9% | 24.6% | 5.99% | $19M |
What Jolt 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, 0 manufactured homes, 22 investment properties.
Why Jolt Credit Union denies applications
Primary reason reported for each of the 66 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Jolt 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 | 103 | 29 | 39.6% |
| $50k – $100k | 120 | 38 | 16.0% |
| $100k – $150k | 58 | 26 | 14.3% |
| $150k – $250k | 26 | 12 | 20.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 38 | 9 | 22.9% |
| 25–34 | 91 | 28 | 25.0% |
| 35–44 | 61 | 29 | 32.7% |
| 45–54 | 57 | 21 | 22.2% |
| 55–64 | 43 | 15 | 27.3% |
| 65–74 | 33 | 11 | 16.7% |
Where Jolt Credit Union lends
2 states and 21 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Michigan | 182 | 114 | 14.8% | 5.99% | #223 |
Frequently asked questions
Jolt Credit Union denied 24.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 12th percentile of small mortgage lenders.
The most common reason Jolt Credit Union gave in 2025 was "credit history", cited on 53.0% 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 Jolt Credit Union originated in 2025 was 5.99%, and its median rate spread over the average prime offer rate was 0.08 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 79% of its applications were for home purchases, 20% for refinancing (including cash-out), and 1% 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.