Levo 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 B 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%
59th7.8% deniedPricingmedian rate spread over APOR, weight 30%
55th0.23 ptsProcesswithdrawn + incomplete share, weight 15%
61st9.4%Closing coststotal loan costs ÷ loan amount, weight 10%
93rd0.60% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 709 | 587 | 5.5% | 6.1% | 7.75% | $75M |
| 2024 | 637 | 517 | 6.9% | 7.8% | 8.50% | $76M |
| 2025 | 679 | 564 | 7.1% | 7.8% | 7.50% | $102M |
What Levo 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, 0 manufactured homes, 2 investment properties.
Why Levo Federal Credit Union denies applications
Primary reason reported for each of the 48 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Levo 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 | 22 | 17.9% |
| $50k – $100k | 234 | 195 | 8.4% |
| $100k – $150k | 219 | 189 | 6.4% |
| $150k – $250k | 154 | 131 | 5.1% |
| Over $250k | 34 | 27 | 6.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 32 | 30 | 0.0% |
| 25–34 | 113 | 96 | 7.7% |
| 35–44 | 212 | 174 | 9.4% |
| 45–54 | 151 | 127 | 8.6% |
| 55–64 | 100 | 83 | 5.6% |
| 65–74 | 46 | 34 | 10.3% |
| Over 74 | 25 | 20 | 4.8% |
Where Levo Federal Credit Union lends
6 states and 37 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| South Dakota | 644 | 541 | 6.8% | 7.50% | #9 |
| Iowa | 22 | 13 | 13.6% | 7.25% | #289 |
| Minnesota | 10 | 8 | 0.0% | 6.38% | #462 |
Frequently asked questions
Levo Federal Credit Union denied 7.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 59th percentile of small mortgage lenders.
The most common reason Levo Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 66.7% 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 Levo Federal Credit Union originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 0.23 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 25% of its applications were for home purchases, 64% for refinancing (including cash-out), and 11% for home improvement or other purposes. By loan type: 91% conventional, 5% FHA, 2% 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.