MTC 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%
47th10.5% deniedPricingmedian rate spread over APOR, weight 30%
95th-0.36 ptsProcesswithdrawn + incomplete share, weight 15%
39th13.9%Closing coststotal loan costs ÷ loan amount, weight 10%
7th4.47% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 189 | 134 | 11.1% | 13.0% | — | $14M |
| 2024 | 187 | 109 | 13.4% | 17.9% | 6.63% | $15M |
| 2025 | 122 | 92 | 9.0% | 10.5% | 7.06% | $15M |
What MTC 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: 55 home-equity lines, 0 reverse mortgages, 9 manufactured homes, 2 investment properties.
Why MTC Federal Credit Union denies applications
Primary reason reported for each of the 11 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at MTC 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 | 50 | 45 | 4.3% |
| $100k – $150k | 26 | 23 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 34 | 22 | 21.4% |
| 45–54 | 35 | 27 | 12.9% |
Where MTC Federal Credit Union lends
10 states and 28 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| South Carolina | 91 | 71 | 5.5% | 7.13% | #267 |
| Oklahoma | 16 | 12 | 18.8% | 6.38% | #351 |
Frequently asked questions
MTC Federal Credit Union denied 10.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 47th percentile of small mortgage lenders.
The most common reason MTC Federal Credit Union gave in 2025 was "credit history", cited on 54.5% 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 MTC Federal Credit Union originated in 2025 was 7.06%, and its median rate spread over the average prime offer rate was -0.36 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 23% of its applications were for home purchases, 28% for refinancing (including cash-out), and 49% for home improvement or other purposes. By loan type: 96% conventional, 3% 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.