Southwest Airlines 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 B 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%
6th32.2% deniedPricingmedian rate spread over APOR, weight 30%
92nd-0.25 ptsProcesswithdrawn + incomplete share, weight 15%
94th0.4%Closing coststotal loan costs ÷ loan amount, weight 10%
97th0.35% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 507 | 378 | 25.3% | 25.3% | 5.50% | $48M |
| 2024 | 425 | 281 | 33.7% | 33.7% | 5.75% | $40M |
| 2025 | 449 | 303 | 32.1% | 32.2% | 5.75% | $49M |
What Southwest Airlines 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: 29 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 2 investment properties.
Why Southwest Airlines Federal Credit Union denies applications
Primary reason reported for each of the 144 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Southwest Airlines 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 | 26 | 9 | 65.4% |
| $50k – $100k | 114 | 58 | 48.7% |
| $100k – $150k | 109 | 77 | 29.4% |
| $150k – $250k | 105 | 80 | 23.8% |
| Over $250k | 87 | 73 | 15.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 34 | 21 | 38.2% |
| 35–44 | 102 | 66 | 35.3% |
| 45–54 | 144 | 99 | 30.3% |
| 55–64 | 125 | 85 | 32.0% |
| 65–74 | 34 | 25 | 26.5% |
Where Southwest Airlines Federal Credit Union lends
33 states and 155 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 199 | 133 | 32.7% | 5.75% | #418 |
| Arizona | 44 | 37 | 13.6% | 5.75% | #327 |
| Florida | 29 | 21 | 27.6% | 5.75% | #695 |
| Georgia | 25 | 10 | 60.0% | 5.75% | #543 |
| California | 22 | 13 | 40.9% | 5.75% | #624 |
| Colorado | 20 | 15 | 25.0% | 5.50% | #417 |
| Nevada | 17 | 10 | 41.2% | 5.44% | #288 |
| Illinois | 16 | 12 | 25.0% | 5.75% | #623 |
| Tennessee | 13 | 8 | 38.5% | 5.75% | #601 |
| Maryland | 7 | 3 | 57.1% | 5.88% | #501 |
| Missouri | 6 | 5 | 16.7% | 5.88% | #558 |
| Indiana | 5 | 4 | 20.0% | 5.56% | #640 |
| Oklahoma | 5 | 1 | 80.0% | 5.75% | #474 |
Frequently asked questions
Southwest Airlines Federal Credit Union denied 32.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 6th percentile of small mortgage lenders.
The most common reason Southwest Airlines Federal Credit Union gave in 2025 was "credit history", cited on 49.3% 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 Southwest Airlines Federal Credit Union originated in 2025 was 5.75%, and its median rate spread over the average prime offer rate was -0.25 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 19% of its applications were for home purchases, 57% for refinancing (including cash-out), and 24% 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.