Piedmont Advantage 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 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
8th41.1% deniedPricingmedian rate spread over APOR, weight 30%
16th0.74 ptsProcesswithdrawn + incomplete share, weight 15%
93rd2.8%Closing coststotal loan costs ÷ loan amount, weight 10%
95th0.42% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 144 | 87 | 37.5% | 38.3% | 8.25% | $8.7M |
| 2024 | 122 | 64 | 44.3% | 45.8% | 8.25% | $5.4M |
| 2025 | 145 | 83 | 40.0% | 41.1% | 8.00% | $7.2M |
What Piedmont Advantage 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: 98 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 0 investment properties.
Why Piedmont Advantage Credit Union denies applications
Primary reason reported for each of the 58 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Piedmont Advantage 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 | 35 | 15 | 54.6% |
| $50k – $100k | 45 | 24 | 45.5% |
| $100k – $150k | 33 | 22 | 31.3% |
| $150k – $250k | 24 | 15 | 37.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 45–54 | 33 | 19 | 40.6% |
| 55–64 | 41 | 22 | 46.3% |
| 65–74 | 33 | 19 | 38.7% |
Where Piedmont Advantage Credit Union lends
5 states and 26 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| North Carolina | 133 | 75 | 40.6% | 8.00% | #283 |
| South Carolina | 9 | 6 | 33.3% | 7.38% | #551 |
Frequently asked questions
Piedmont Advantage Credit Union denied 41.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 8th percentile of home-equity (HELOC) lenders.
The most common reason Piedmont Advantage Credit Union gave in 2025 was "debt-to-income ratio", cited on 46.6% 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 Piedmont Advantage Credit Union originated in 2025 was 8.00%, and its median rate spread over the average prime offer rate was 0.74 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 4% of its applications were for home purchases, 14% for refinancing (including cash-out), and 81% 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.