Sunward 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 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
50th10.1% deniedPricingmedian rate spread over APOR, weight 30%
96th-0.39 ptsProcesswithdrawn + incomplete share, weight 15%
18th25.4%Closing coststotal loan costs ÷ loan amount, weight 10%
71st1.81% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,641 | 1,191 | 7.8% | 9.7% | 6.47% | $265M |
| 2024 | 2,082 | 1,464 | 9.5% | 11.9% | 7.00% | $413M |
| 2025 | 2,356 | 1,580 | 7.5% | 10.1% | 6.38% | $611M |
What Sunward 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: 980 home-equity lines, 0 reverse mortgages, 8 manufactured homes, 180 investment properties.
Why Sunward Federal 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 Sunward 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 | 176 | 63 | 44.7% |
| $50k – $100k | 538 | 326 | 16.4% |
| $100k – $150k | 444 | 312 | 8.2% |
| $150k – $250k | 636 | 460 | 4.0% |
| Over $250k | 460 | 341 | 1.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 32 | 24 | 7.7% |
| 25–34 | 459 | 305 | 9.0% |
| 35–44 | 602 | 415 | 9.0% |
| 45–54 | 496 | 337 | 11.8% |
| 55–64 | 355 | 227 | 12.0% |
| 65–74 | 255 | 170 | 8.6% |
| Over 74 | 111 | 64 | 13.5% |
Where Sunward Federal Credit Union lends
8 states and 9 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New Mexico | 1,765 | 1,153 | 9.1% | 6.50% | #8 |
| California | 489 | 357 | 1.8% | 5.75% | #263 |
| Colorado | 42 | 28 | 4.8% | 6.31% | #324 |
| Arizona | 39 | 28 | 7.7% | 6.19% | #342 |
| Texas | 13 | 9 | 7.7% | 5.63% | #928 |
| Nevada | 6 | 4 | 16.7% | 6.19% | #352 |
Frequently asked questions
Sunward Federal Credit Union denied 10.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 50th percentile of mid-size mortgage lenders.
The most common reason Sunward Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 37.3% 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 Sunward Federal Credit Union originated in 2025 was 6.38%, and its median rate spread over the average prime offer rate was -0.39 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 35% of its applications were for home purchases, 27% for refinancing (including cash-out), and 37% 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.