Mortgage lender · Hammond, IN · LEI 254900YE6JQ826RUVB14

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

Regional Federal Credit Union earns a C, in line with the typical performance of small mortgage lenders. It turned down 12.7% of the applications it decided on in 2025, which ranks in the 38th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

130Applications2025
79.2%Originatedof applications
12.7%Decision denial ratenational 22.6%
6.49%Median ratenational 6.63%
$16MLoan volume2 states

Regional Federal Credit Union at a glance, 2025

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

11.5%Denial rate (all applications)-6.44 pts vs national
12.7%Denial rate (decided applications)-9.88 pts vs national
79.2%Origination rate+21.20 pts vs national
4.6%Withdrawn by applicant
4.6%Closed for incompleteness
6.49%Median interest rate-0.13 pts vs national
Median rate spread (pts over APOR)
$75,000Median loan amount
Median total loan costs
$102kMedian applicant income
30%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%

38th12.7% denied

Processwithdrawn + incomplete share, weight 15%

61st9.2%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202317811416.9%20.7%5.49%$9.6M
202418612314.0%17.1%7.25%$9.7M
202513010311.5%12.7%6.49%$16M

What Regional 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 24 18% · 0.0% denied
Refinance 5 4% · 0.0% denied
Home improvement 101 78% · 14.9% denied

By loan type

Conventional 130 100% · 11.5% denied

Also: 65 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 6 investment properties.

Why Regional Federal Credit Union denies applications

Primary reason reported for each of the 15 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 6 40%
Collateral 5 33%
Credit history 3 20%
Incomplete application 1 7%

How these reasons compare nationally →

Who gets approved at Regional Federal Credit Union

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

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k201126.7%
$50k – $100k413215.8%
$100k – $150k312510.7%
$150k – $250k27257.4%
Applicant ageApplicationsOriginatedDecision denial rate
35–44322613.3%
45–54252013.0%
55–6428244.0%

Where Regional Federal Credit Union lends

2 states and 9 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Indiana12210011.5%6.25%#250

Frequently asked questions

Regional Federal Credit Union denied 12.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 38th percentile of small mortgage lenders.

The most common reason Regional Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 40.0% 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 Regional Federal Credit Union originated in 2025 was 6.49%, and its median rate spread over the average prime offer rate was 0.00 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 18% of its applications were for home purchases, 4% for refinancing (including cash-out), and 78% 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 Regional Federal Credit Union. Data sources · Methodology