Pfcu 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%
60th7.5% deniedPricingmedian rate spread over APOR, weight 30%
43rd0.33 ptsProcesswithdrawn + incomplete share, weight 15%
44th12.7%Closing coststotal loan costs ÷ loan amount, weight 10%
30th2.46% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 230 | 171 | 7.8% | 9.3% | 7.01% | $20M |
| 2024 | 285 | 213 | 9.5% | 10.6% | 7.00% | $29M |
| 2025 | 307 | 242 | 6.5% | 7.5% | 6.73% | $35M |
What Pfcu 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, 18 manufactured homes, 17 investment properties.
Why Pfcu denies applications
Primary reason reported for each of the 20 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Pfcu
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 50 | 38 | 9.1% |
| $50k – $100k | 141 | 116 | 5.6% |
| $100k – $150k | 70 | 54 | 5.3% |
| $150k – $250k | 34 | 28 | 12.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 59 | 48 | 9.4% |
| 35–44 | 64 | 47 | 10.9% |
| 45–54 | 60 | 48 | 0.0% |
| 55–64 | 51 | 37 | 14.9% |
| 65–74 | 33 | 27 | 3.6% |
Where Pfcu lends
2 states and 24 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Michigan | 305 | 242 | 6.2% | 6.73% | #171 |
Frequently asked questions
Pfcu denied 7.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 60th percentile of small mortgage lenders.
The most common reason Pfcu gave in 2025 was "debt-to-income ratio", cited on 55.0% 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 Pfcu originated in 2025 was 6.73%, and its median rate spread over the average prime offer rate was 0.33 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 42% of its applications were for home purchases, 20% for refinancing (including cash-out), and 39% for home improvement or other purposes. By loan type: 99% 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.