THRIVENT 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%
29th15.9% deniedPricingmedian rate spread over APOR, weight 30%
3rd1.83 ptsProcesswithdrawn + incomplete share, weight 15%
95th0.0%Closing coststotal loan costs ÷ loan amount, weight 10%
84th1.03% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 528 | 344 | 13.8% | 13.8% | 8.25% | $55M |
| 2024 | 460 | 310 | 12.8% | 12.8% | 8.25% | $44M |
| 2025 | 207 | 139 | 15.9% | 15.9% | 7.75% | $21M |
What THRIVENT 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, 5 manufactured homes, 6 investment properties.
Why THRIVENT Federal Credit Union denies applications
Primary reason reported for each of the 33 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at THRIVENT Federal 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 | 66 | 44 | 22.7% |
| $100k – $150k | 45 | 32 | 8.9% |
| $150k – $250k | 46 | 34 | 15.2% |
| Over $250k | 26 | 15 | 3.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 30 | 20 | 23.3% |
| 45–54 | 31 | 24 | 12.9% |
| 55–64 | 66 | 44 | 16.7% |
| 65–74 | 45 | 26 | 17.8% |
Where THRIVENT Federal Credit Union lends
34 states and 147 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Minnesota | 37 | 24 | 18.9% | 7.75% | #324 |
| Wisconsin | 24 | 18 | 12.5% | 7.56% | #401 |
| Illinois | 17 | 14 | 5.9% | 8.00% | #614 |
| Ohio | 11 | 11 | 0.0% | 6.88% | #605 |
| Pennsylvania | 11 | 4 | 45.5% | 7.19% | #680 |
| Arizona | 10 | 7 | 20.0% | 7.75% | #512 |
| Florida | 10 | 6 | 30.0% | 8.00% | #937 |
| Michigan | 9 | 3 | 11.1% | 8.00% | #519 |
| California | 8 | 5 | 25.0% | 7.75% | #751 |
| Indiana | 8 | 5 | 0.0% | 8.63% | #584 |
| Texas | 7 | 4 | 28.6% | 8.00% | #1,020 |
| Colorado | 6 | 2 | 50.0% | 8.00% | #587 |
| Georgia | 5 | 5 | 0.0% | 8.50% | #775 |
| South Dakota | 5 | 3 | 0.0% | 6.63% | #177 |
| Tennessee | 5 | 1 | 0.0% | 5.88% | #731 |
Frequently asked questions
THRIVENT Federal Credit Union denied 15.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 29th percentile of small mortgage lenders.
The most common reason THRIVENT Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 84.8% 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 THRIVENT Federal Credit Union originated in 2025 was 7.75%, and its median rate spread over the average prime offer rate was 1.83 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 31% of its applications were for home purchases, 12% for refinancing (including cash-out), and 57% 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.