OMEGA 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 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%
38th12.7% deniedPricingmedian rate spread over APOR, weight 30%
31st0.47 ptsProcesswithdrawn + incomplete share, weight 15%
19th20.3%Closing coststotal loan costs ÷ loan amount, weight 10%
92nd0.64% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 260 | 183 | 11.2% | 12.0% | 5.99% | $11M |
| 2024 | 227 | 189 | 4.4% | 4.5% | 5.99% | $12M |
| 2025 | 138 | 96 | 10.1% | 12.7% | 6.49% | $6.1M |
What OMEGA 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, 15 investment properties.
Why OMEGA Federal Credit Union denies applications
Primary reason reported for each of the 14 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at OMEGA 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 | 47 | 33 | 17.5% |
| $100k – $150k | 41 | 29 | 9.4% |
| $150k – $250k | 23 | 17 | 5.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 21 | 11 | 8.3% |
| 45–54 | 32 | 21 | 25.0% |
| 55–64 | 35 | 29 | 6.5% |
| 65–74 | 28 | 19 | 13.6% |
Where OMEGA Federal Credit Union lends
2 states and 7 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Pennsylvania | 136 | 96 | 10.3% | 6.49% | #337 |
Frequently asked questions
OMEGA Federal Credit Union denied 12.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 38th percentile of small mortgage lenders.
The most common reason OMEGA Federal Credit Union gave in 2025 was "credit history", cited on 50.0% 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 OMEGA Federal Credit Union originated in 2025 was 6.49%, and its median rate spread over the average prime offer rate was 0.47 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 4% of its applications were for home purchases, 33% for refinancing (including cash-out), and 63% 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.