Topside 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 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%
3rd42.1% deniedPricingmedian rate spread over APOR, weight 30%
6th1.37 ptsProcesswithdrawn + incomplete share, weight 15%
41st13.6%Closing coststotal loan costs ÷ loan amount, weight 10%
99th0.25% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 208 | 119 | 27.4% | 31.8% | 7.50% | $11M |
| 2024 | 187 | 101 | 26.2% | 31.2% | 8.50% | $8.3M |
| 2025 | 154 | 75 | 36.4% | 42.1% | 8.00% | $6.7M |
What Topside 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: 62 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 2 investment properties.
Why Topside Federal Credit Union denies applications
Primary reason reported for each of the 56 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Topside 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 | 39 | 12 | 60.6% |
| $100k – $150k | 34 | 17 | 43.3% |
| $150k – $250k | 56 | 37 | 22.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 20 | 12 | 25.0% |
| 35–44 | 23 | 9 | 50.0% |
| 45–54 | 52 | 24 | 49.0% |
| 55–64 | 34 | 19 | 31.0% |
Where Topside Federal Credit Union lends
2 states and 20 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Virginia | 151 | 75 | 36.4% | 8.00% | #242 |
Frequently asked questions
Topside Federal Credit Union denied 42.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 3rd percentile of small mortgage lenders.
The most common reason Topside Federal Credit Union gave in 2025 was "other", cited on 58.9% 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 Topside Federal Credit Union originated in 2025 was 8.00%, and its median rate spread over the average prime offer rate was 1.37 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 1% of its applications were for home purchases, 4% for refinancing (including cash-out), and 95% 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.