San Mateo 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 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%
27th32.5% deniedPricingmedian rate spread over APOR, weight 30%
30th0.34 ptsProcesswithdrawn + incomplete share, weight 15%
28th16.7%Closing coststotal loan costs ÷ loan amount, weight 10%
93rd0.58% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 323 | 163 | 24.5% | 32.1% | 6.63% | $80M |
| 2024 | 302 | 178 | 15.2% | 20.1% | 6.50% | $102M |
| 2025 | 654 | 367 | 27.1% | 32.5% | 7.75% | $143M |
What San Mateo 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: 338 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 30 investment properties.
Why San Mateo Credit Union denies applications
Primary reason reported for each of the 177 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at San Mateo Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 64 | 6 | 87.2% |
| $100k – $150k | 63 | 10 | 79.6% |
| $150k – $250k | 88 | 22 | 67.7% |
| Over $250k | 133 | 43 | 45.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 31 | 0 | 100.0% |
| 35–44 | 59 | 1 | 96.7% |
| 45–54 | 53 | 1 | 97.1% |
| 55–64 | 68 | 0 | 100.0% |
| 65–74 | 32 | 1 | 91.7% |
| Over 74 | 29 | 1 | 93.8% |
Where San Mateo Credit Union lends
1 states and 35 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 654 | 367 | 27.1% | 7.75% | #219 |
Frequently asked questions
San Mateo Credit Union denied 32.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 27th percentile of home-equity (HELOC) lenders.
The most common reason San Mateo Credit Union gave in 2025 was "other", cited on 40.7% 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 San Mateo Credit Union originated in 2025 was 7.75%, and its median rate spread over the average prime offer rate was 0.34 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 19% of its applications were for home purchases, 63% for refinancing (including cash-out), and 19% 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.