On Tap 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 D 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%
8th29.2% deniedPricingmedian rate spread over APOR, weight 30%
7th1.29 ptsProcesswithdrawn + incomplete share, weight 15%
20th20.0%Closing coststotal loan costs ÷ loan amount, weight 10%
97th0.34% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 314 | 236 | 19.4% | 20.3% | 7.49% | $35M |
| 2024 | 199 | 123 | 26.1% | 29.7% | 8.24% | $19M |
| 2025 | 180 | 101 | 23.3% | 29.2% | 7.24% | $13M |
What On Tap 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: 1 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 12 investment properties.
Why On Tap Credit Union denies applications
Primary reason reported for each of the 42 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at On Tap 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 | 60 | 28 | 39.6% |
| $100k – $150k | 39 | 23 | 25.8% |
| $150k – $250k | 51 | 34 | 20.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 41 | 24 | 31.4% |
| 45–54 | 48 | 30 | 21.1% |
| 55–64 | 38 | 24 | 20.0% |
| 65–74 | 29 | 14 | 34.8% |
Where On Tap Credit Union lends
4 states and 22 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Colorado | 163 | 100 | 24.5% | 7.24% | #194 |
Frequently asked questions
On Tap Credit Union denied 29.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 8th percentile of small mortgage lenders.
The most common reason On Tap Credit Union gave in 2025 was "other", cited on 42.9% 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 On Tap Credit Union originated in 2025 was 7.24%, and its median rate spread over the average prime offer rate was 1.29 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 13% of its applications were for home purchases, 13% for refinancing (including cash-out), and 73% for home improvement or other purposes. By loan type: 99% conventional, 1% 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.