New Horizons 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 F 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%
10th26.5% deniedPricingmedian rate spread over APOR, weight 30%
0th6.38 ptsProcesswithdrawn + incomplete share, weight 15%
39th14.1%Closing coststotal loan costs ÷ loan amount, weight 10%
4th5.10% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 195 | 124 | 25.1% | 27.7% | 6.50% | $18M |
| 2024 | 212 | 133 | 28.3% | 30.8% | 6.50% | $21M |
| 2025 | 220 | 136 | 22.7% | 26.5% | 6.99% | $23M |
What New Horizons 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: 90 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 0 investment properties.
Why New Horizons Credit Union denies applications
Primary reason reported for each of the 50 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at New Horizons 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 | 25 | 12 | 45.5% |
| $50k – $100k | 68 | 33 | 39.3% |
| $100k – $150k | 45 | 36 | 7.5% |
| $150k – $250k | 57 | 44 | 4.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 41 | 27 | 20.6% |
| 35–44 | 47 | 31 | 26.2% |
| 45–54 | 56 | 31 | 33.3% |
| 55–64 | 32 | 19 | 26.9% |
| 65–74 | 29 | 20 | 21.4% |
Where New Horizons Credit Union lends
2 states and 6 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Alabama | 215 | 133 | 22.8% | 6.99% | #149 |
| Mississippi | 5 | 3 | 20.0% | 5.24% | #340 |
Frequently asked questions
New Horizons Credit Union denied 26.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 10th percentile of small mortgage lenders.
The most common reason New Horizons Credit Union gave in 2025 was "credit history", cited on 56.0% 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 New Horizons Credit Union originated in 2025 was 6.99%, and its median rate spread over the average prime offer rate was 6.38 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 24% of its applications were for home purchases, 35% for refinancing (including cash-out), and 41% 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.