Southwest Louisiana 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 D 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%
13th24.5% deniedPricingmedian rate spread over APOR, weight 30%
3rd1.73 ptsProcesswithdrawn + incomplete share, weight 15%
95th0.0%Closing coststotal loan costs ÷ loan amount, weight 10%
10th3.75% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 157 | 97 | 36.9% | 36.9% | 7.13% | $9.9M |
| 2024 | 95 | 60 | 34.7% | 35.1% | 8.95% | $6.1M |
| 2025 | 106 | 78 | 24.5% | 24.5% | 7.45% | $8.7M |
What Southwest Louisiana 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: 33 home-equity lines, 0 reverse mortgages, 22 manufactured homes, 3 investment properties.
Why Southwest Louisiana Credit Union denies applications
Primary reason reported for each of the 26 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Southwest Louisiana 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 | 37 | 30 | 16.2% |
| $100k – $150k | 35 | 26 | 22.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 27 | 21 | 22.2% |
| 45–54 | 29 | 17 | 37.9% |
Where Southwest Louisiana Credit Union lends
2 states and 7 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Louisiana | 101 | 78 | 20.8% | 7.45% | #177 |
Frequently asked questions
Southwest Louisiana Credit Union denied 24.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 13th percentile of small mortgage lenders.
The most common reason Southwest Louisiana Credit Union gave in 2025 was "other", cited on 84.6% 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 Louisiana Credit Union originated in 2025 was 7.45%, and its median rate spread over the average prime offer rate was 1.73 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 32% of its applications were for home purchases, 65% for refinancing (including cash-out), and 3% 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.