Philadelphia 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 D grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
4th39.3% deniedPricingmedian rate spread over APOR, weight 30%
10th0.68 ptsProcesswithdrawn + incomplete share, weight 15%
93rd6.1%Closing coststotal loan costs ÷ loan amount, weight 10%
0th11.00% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,077 | 1,090 | 38.9% | 41.8% | 6.81% | $141M |
| 2024 | 2,248 | 1,245 | 36.4% | 38.7% | 7.00% | $219M |
| 2025 | 2,486 | 1,376 | 36.9% | 39.3% | 7.00% | $242M |
What Philadelphia 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: 958 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 368 investment properties.
Why Philadelphia Federal Credit Union denies applications
Primary reason reported for each of the 917 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Philadelphia Federal 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 | 438 | 161 | 59.8% |
| $50k – $100k | 785 | 393 | 44.9% |
| $100k – $150k | 472 | 270 | 37.1% |
| $150k – $250k | 348 | 229 | 29.6% |
| Over $250k | 162 | 93 | 31.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 189 | 84 | 50.0% |
| 35–44 | 497 | 250 | 43.1% |
| 45–54 | 523 | 305 | 37.8% |
| 55–64 | 525 | 277 | 41.9% |
| 65–74 | 334 | 174 | 44.0% |
| Over 74 | 133 | 54 | 53.2% |
Where Philadelphia Federal Credit Union lends
11 states and 68 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Pennsylvania | 2,157 | 1,161 | 38.3% | 7.00% | #47 |
| New Jersey | 249 | 176 | 24.1% | 6.50% | #177 |
| Delaware | 48 | 24 | 37.5% | 7.25% | #121 |
| Florida | 10 | 7 | 10.0% | 7.49% | #932 |
| Maryland | 7 | 5 | 14.3% | 7.50% | #505 |
| South Carolina | 6 | 2 | 66.7% | 6.87% | #622 |
Frequently asked questions
Philadelphia Federal Credit Union denied 39.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 4th percentile of mid-size mortgage lenders.
The most common reason Philadelphia Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 46.8% 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 Philadelphia Federal Credit Union originated in 2025 was 7.00%, and its median rate spread over the average prime offer rate was 0.68 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 8% of its applications were for home purchases, 20% for refinancing (including cash-out), and 71% 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.