Lafayette 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 C grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
60th20.7% deniedPricingmedian rate spread over APOR, weight 30%
19th0.57 ptsProcesswithdrawn + incomplete share, weight 15%
42nd14.1%Closing coststotal loan costs ÷ loan amount, weight 10%
74th2.21% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 718 | 386 | 25.6% | 31.7% | 8.50% | $99M |
| 2024 | 1,057 | 643 | 21.7% | 25.7% | 9.00% | $155M |
| 2025 | 1,012 | 654 | 17.8% | 20.7% | 7.50% | $169M |
What Lafayette 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: 882 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 7 investment properties.
Why Lafayette Federal Credit Union denies applications
Primary reason reported for each of the 180 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Lafayette 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 | 22 | 5 | 66.7% |
| $50k – $100k | 129 | 55 | 45.5% |
| $100k – $150k | 170 | 111 | 19.6% |
| $150k – $250k | 306 | 200 | 20.2% |
| Over $250k | 376 | 279 | 10.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 101 | 67 | 15.1% |
| 35–44 | 289 | 201 | 18.3% |
| 45–54 | 303 | 193 | 21.6% |
| 55–64 | 191 | 114 | 22.8% |
| 65–74 | 88 | 55 | 24.3% |
| Over 74 | 34 | 21 | 29.0% |
Where Lafayette Federal Credit Union lends
38 states and 251 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Maryland | 203 | 116 | 22.7% | 7.50% | #160 |
| Virginia | 177 | 128 | 15.8% | 7.50% | #216 |
| New York | 117 | 86 | 14.5% | 8.00% | #251 |
| New Jersey | 79 | 63 | 12.7% | 7.50% | #296 |
| California | 60 | 40 | 18.3% | 7.50% | #503 |
| Pennsylvania | 56 | 33 | 21.4% | 8.25% | #473 |
| District of Columbia | 53 | 30 | 17.0% | 7.50% | #71 |
| Florida | 40 | 21 | 25.0% | 7.50% | #632 |
| Georgia | 31 | 25 | 6.5% | 8.00% | #516 |
| North Carolina | 29 | 16 | 24.1% | 7.50% | #475 |
| Connecticut | 25 | 21 | 4.0% | 8.00% | #272 |
| South Carolina | 23 | 15 | 13.0% | 7.50% | #427 |
| Texas | 13 | 0 | 15.4% | — | #931 |
| Illinois | 12 | 9 | 16.7% | 8.00% | #669 |
| Arizona | 10 | 5 | 50.0% | 8.25% | #515 |
| Colorado | 9 | 6 | 11.1% | 8.00% | #526 |
| Tennessee | 9 | 5 | 0.0% | 7.50% | #648 |
| Louisiana | 7 | 4 | 42.9% | 7.38% | #404 |
| Indiana | 6 | 4 | 16.7% | 8.50% | #629 |
| Michigan | 6 | 2 | 16.7% | 8.25% | #570 |
| Nevada | 6 | 4 | 33.3% | 7.50% | #353 |
| Delaware | 5 | 4 | 20.0% | 7.38% | #311 |
Frequently asked questions
Lafayette Federal Credit Union denied 20.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 60th percentile of home-equity (HELOC) lenders.
The most common reason Lafayette Federal Credit Union gave in 2025 was "credit history", cited on 37.2% 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 Lafayette Federal Credit Union originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 0.57 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 18% of its applications were for home purchases, 35% for refinancing (including cash-out), and 47% 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.