Seaboard 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 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%
10th27.4% deniedPricingmedian rate spread over APOR, weight 30%
12th0.99 ptsProcesswithdrawn + incomplete share, weight 15%
95th0.0%Closing coststotal loan costs ÷ loan amount, weight 10%
100th0.16% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 135 | 97 | 28.2% | 28.2% | 7.75% | $8.9M |
| 2024 | 186 | 152 | 18.3% | 18.3% | 8.00% | $15M |
| 2025 | 197 | 143 | 27.4% | 27.4% | 7.50% | $15M |
What Seaboard 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: 0 home-equity lines, 0 reverse mortgages, 34 manufactured homes, 1 investment properties.
Why Seaboard Federal Credit Union denies applications
Primary reason reported for each of the 54 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Seaboard 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 | 49 | 29 | 40.8% |
| $50k – $100k | 75 | 56 | 25.3% |
| $100k – $150k | 41 | 31 | 24.4% |
| $150k – $250k | 27 | 22 | 18.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 33 | 23 | 30.3% |
| 35–44 | 41 | 32 | 22.0% |
| 45–54 | 34 | 23 | 32.4% |
| 55–64 | 37 | 26 | 29.7% |
| 65–74 | 29 | 25 | 13.8% |
Where Seaboard Federal Credit Union lends
2 states and 8 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Maine | 189 | 143 | 24.3% | 7.50% | #71 |
Frequently asked questions
Seaboard Federal Credit Union denied 27.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 10th percentile of small mortgage lenders.
The most common reason Seaboard Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 77.8% 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 Seaboard Federal Credit Union originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 0.99 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 21% of its applications were for home purchases, 79% for refinancing (including cash-out), and 0% 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.