Mortgage lender · Tucson, AZ · LEI 549300EZHVOHDWG07M20

PIMA Federal Credit Union review: approval odds, rates and grade (2025)

PIMA Federal Credit Union earns a C, in line with the typical performance of home-equity (HELOC) lenders. It turned down 21.2% of the applications it decided on in 2025, which ranks in the 59th percentile for approval odds. Its median loan was priced 1.09 points above the average prime offer rate, ranking in the 6th percentile on pricing. Compared against 412 home-equity (HELOC) lenders using 2025 HMDA filings.

763Applications2025
62.9%Originatedof applications
21.2%Decision denial ratenational 22.6%
7.75%Median ratenational 6.63%
$129MLoan volume2 states

PIMA Federal Credit Union at a glance, 2025

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

17.3%Denial rate (all applications)-0.68 pts vs national
21.2%Denial rate (decided applications)-1.40 pts vs national
62.9%Origination rate+4.88 pts vs national
13.5%Withdrawn by applicant
4.9%Closed for incompleteness
7.75%Median interest rate+1.13 pts vs national
1.09Median rate spread (pts over APOR)+0.84 pts vs national
$105,000Median loan amount
$3,359Median total loan costs
$86kMedian applicant income
61%Median loan-to-value
2High-cost (HOEPA) loans

How the C 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%

59th21.2% denied

Pricingmedian rate spread over APOR, weight 30%

6th1.09 pts

Processwithdrawn + incomplete share, weight 15%

20th18.4%

Closing coststotal loan costs ÷ loan amount, weight 10%

48th3.20% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202351534815.5%18.2%8.75%$92M
202483554912.9%16.4%8.75%$121M
202576348017.3%21.2%7.75%$129M

What PIMA 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 132 17% · 8.3% denied
Refinance 20 3% · 35.0% denied
Cash-out refinance 103 13% · 16.5% denied
Home improvement 265 35% · 17.0% denied
Other / HELOC 243 32% · 21.4% denied

By loan type

Conventional 763 100% · 17.3% denied

Also: 485 home-equity lines, 0 reverse mortgages, 4 manufactured homes, 72 investment properties.

Why PIMA Federal Credit Union denies applications

Primary reason reported for each of the 132 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 77 58%
Credit history 24 18%
Other 13 10%
Collateral 8 6%
Unverifiable information 4 3%
Employment history 3 2%
Incomplete application 2 2%
Insufficient cash 1 1%

How these reasons compare nationally →

Who gets approved at PIMA Federal Credit Union

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

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k1477039.8%
$50k – $100k27416323.1%
$100k – $150k1379716.2%
$150k – $250k99739.6%
Over $250k523310.8%
Applicant ageApplicationsOriginatedDecision denial rate
25–34673719.2%
35–441146727.7%
45–5419112221.2%
55–641428920.5%
65–741368418.7%
Over 74623335.9%

Where PIMA Federal Credit Union lends

2 states and 10 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Arizona75248016.9%7.75%#86

Frequently asked questions

PIMA Federal Credit Union denied 21.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 59th percentile of home-equity (HELOC) lenders.

The most common reason PIMA Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 58.3% 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 PIMA Federal Credit Union originated in 2025 was 7.75%, and its median rate spread over the average prime offer rate was 1.09 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 17% of its applications were for home purchases, 16% for refinancing (including cash-out), and 67% 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 PIMA Federal Credit Union. Data sources · Methodology