Mortgage lender · Fort Wayne, · LEI 549300FHTPSIK7LBKD38

PARTNERS 1ST Federal Credit Union review: approval odds, rates and grade (2025)

PARTNERS 1ST Federal Credit Union earns a C, in line with the typical performance of small mortgage lenders. It turned down 15.1% of the applications it decided on in 2025, which ranks in the 31st percentile for approval odds. Its median loan was priced 0.30 points above the average prime offer rate, ranking in the 46th percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

365Applications2025
71.8%Originatedof applications
15.1%Decision denial ratenational 22.6%
7.00%Median ratenational 6.63%
$41MLoan volume5 states

PARTNERS 1ST Federal Credit Union at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

12.9%Denial rate (all applications)-5.10 pts vs national
15.1%Denial rate (decided applications)-7.53 pts vs national
71.8%Origination rate+13.75 pts vs national
13.2%Withdrawn by applicant
1.4%Closed for incompleteness
7.00%Median interest rate+0.38 pts vs national
0.30Median rate spread (pts over APOR)+0.04 pts vs national
$95,000Median loan amount
$2,591Median total loan costs
$98kMedian applicant income
70%Median loan-to-value
0High-cost (HOEPA) loans

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%

31st15.1% denied

Pricingmedian rate spread over APOR, weight 30%

46th0.30 pts

Processwithdrawn + incomplete share, weight 15%

37th14.5%

Closing coststotal loan costs ÷ loan amount, weight 10%

24th2.73% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202347935011.7%13.8%6.94%$44M
202439224614.5%18.3%8.00%$26M
202536526212.9%15.1%7.00%$41M

What PARTNERS 1ST 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

Home purchase 99 27% · 3.0% denied
Refinance 37 10% · 16.2% denied
Cash-out refinance 158 43% · 20.3% denied
Home improvement 66 18% · 4.6% denied
Other / HELOC 5 1% · 60.0% denied

By loan type

Conventional 365 100% · 12.9% denied

Also: 90 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 2 investment properties.

Why PARTNERS 1ST Federal Credit Union denies applications

Primary reason reported for each of the 47 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Credit history 18 38%
Debt-to-income ratio 14 30%
Collateral 8 17%
Other 7 15%

How these reasons compare nationally →

Who gets approved at PARTNERS 1ST Federal Credit Union

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k533329.8%
$50k – $100k1299413.0%
$100k – $150k93739.9%
$150k – $250k54418.5%
Over $250k24200.0%
Applicant ageApplicationsOriginatedDecision denial rate
25–34644411.8%
35–44866811.7%
45–54735316.9%
55–64694616.1%
65–74463220.0%

Where PARTNERS 1ST Federal Credit Union lends

5 states and 52 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Indiana28020910.7%7.00%#163
Virginia513127.5%7.50%#373
Ohio21164.8%6.38%#523
Maryland7314.3%7.57%#506
West Virginia6316.7%8.50%#299

Frequently asked questions

PARTNERS 1ST Federal Credit Union denied 15.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 31st percentile of small mortgage lenders.

The most common reason PARTNERS 1ST Federal Credit Union gave in 2025 was "credit history", cited on 38.3% 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 PARTNERS 1ST Federal Credit Union originated in 2025 was 7.00%, and its median rate spread over the average prime offer rate was 0.30 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 27% of its applications were for home purchases, 53% for refinancing (including cash-out), and 19% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with PARTNERS 1ST Federal Credit Union. Data sources · Methodology