Mortgage lender · Chicago, IL · LEI 549300XZ4R55J9UKB235

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

Selfreliance Federal Credit Union earns an A, placing it in the top fifth of small mortgage lenders. It turned down 0.4% of the applications it decided on in 2025, which ranks in the 97th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

256Applications2025
91.8%Originatedof applications
0.4%Decision denial ratenational 22.6%
Median ratenational 6.63%
$109MLoan volume10 states

Selfreliance Federal Credit Union at a glance, 2025

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

0.4%Denial rate (all applications)-17.59 pts vs national
0.4%Denial rate (decided applications)-22.18 pts vs national
91.8%Origination rate+33.77 pts vs national
5.1%Withdrawn by applicant
0.4%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$285,000Median loan amount
Median total loan costs
$90kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

How the A 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%

97th0.4% denied

Processwithdrawn + incomplete share, weight 15%

77th5.5%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20232091862.4%2.6%$76M
20242572390.4%0.4%$82M
20252562350.4%0.4%$109M

What Selfreliance 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 183 71% · 0.6% denied
Refinance 31 12% · 0.0% denied
Cash-out refinance 42 16% · 0.0% denied

By loan type

Conventional 256 100% · 0.4% denied

Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 87 investment properties.

Who gets approved at Selfreliance Federal Credit Union

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

Applicant incomeApplicationsOriginatedDecision denial rate
$50k – $100k85780.0%
$100k – $150k35293.1%
$150k – $250k27230.0%
Applicant ageApplicationsOriginatedDecision denial rate
25–3458480.0%
35–4455501.9%
45–5428260.0%
55–6423210.0%

Where Selfreliance Federal Credit Union lends

10 states and 34 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Illinois1951770.5%#249
Michigan17170.0%#455
New Jersey16140.0%#478
Indiana990.0%#562
Connecticut770.0%#408
Florida550.0%#1,121

Frequently asked questions

Selfreliance Federal Credit Union denied 0.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 97th percentile of small mortgage lenders.

In 2025, 71% of its applications were for home purchases, 29% 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.

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 Selfreliance Federal Credit Union. Data sources · Methodology