TOWER Federal Credit Union · West Virginia · 2025

TOWER Federal Credit Union in West Virginia: approval rate, denial rate and rates (2025)

TOWER Federal Credit Union took 31 mortgage applications in West Virginia in 2025, ranking #173 of 565 lenders active in the state. It originated 58.1% of them and denied 22.6% (28.0% of the applications it decided), against a statewide denial rate of 21.2%.

31Applicationsin WV
28.0%Decision denial ratestate 26.7%
8.00%Median ratestate 6.62%
$75,000Median loanstate $145,000
$1.7MVolume8 counties

TOWER Federal Credit Union in West Virginia vs the state

22.6%Denial rate+1.39 pts vs state
28.0%Decision denial rate+1.34 pts vs state
58.1%Origination rate+3.27 pts vs state
8.00%Median rate+1.37 pts vs state
1.19Rate spread (pts)+0.79 pts vs state
$92kMedian applicant income
18Loans originated
7Denied

Trend in West Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023271059.3%7.99%#169
2024261242.3%7.63%#179
2025311822.6%8.00%#173

What TOWER Federal Credit Union lends in West Virginia

By loan purpose

Home purchase 9 29% · 11.1% denied
Cash-out refinance 2 6% · 0.0% denied
Home improvement 14 45% · 7.1% denied
Other / HELOC 6 19% · 83.3% denied

By loan type

Conventional 31 100% · 22.6% denied

Why it denied West Virginia applicants

Debt-to-income ratio 2 29%
Credit history 2 29%
Other 1 14%
Collateral 1 14%
Unverifiable information 1 14%

Where in West Virginia

Counties with the most TOWER Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Berkeley County 1392 15.4%
Jefferson County 1054 40.0%
Hampshire County 210 0.0%
Preston County 210 0.0%
Mineral County 110 0.0%
Morgan County 110 0.0%
Putnam County 100 0.0%
Kanawha County 101 100.0%

Other large lenders in West Virginia

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 3,61523.0%6.88%
Vanderbilt Mortgage and FinanceF 3,21438.5%9.99%
City National Bank of West VirginiaC 2,87025.0%6.29%
The Huntington National BankD 2,19428.1%7.00%
Truist BankC 1,77631.1%6.63%
Loandepot.ComD 1,62418.7%6.58%
Mortgage Research CenterC 1,59217.4%6.25%
WesBanco BankB 1,47516.7%6.01%
Movement MortgageA 1,1675.4%6.63%
Crosscountry MortgageB 1,1404.0%6.58%

Frequently asked questions

West Virginia: 31 applications in 2025, of which 18 were originated and 7 denied.

22.6% of all applications, or 28.0% of the applications it actually decided on. The West Virginia statewide average across all lenders was 21.2%.

The median rate on loans TOWER Federal Credit Union originated in West Virginia in 2025 was 8.00%, against a statewide median of 6.62%.

About this data. Figures are TOWER Federal Credit Union's own HMDA filing for properties located in West Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology