Transportation 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%
14th23.7% deniedPricingmedian rate spread over APOR, weight 30%
1st2.20 ptsProcesswithdrawn + incomplete share, weight 15%
49th11.8%Closing coststotal loan costs ÷ loan amount, weight 10%
43rd2.09% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 163 | 79 | 22.7% | 30.1% | 8.25% | $6.4M |
| 2024 | 238 | 135 | 22.3% | 27.6% | 8.50% | $12M |
| 2025 | 306 | 202 | 20.9% | 23.7% | 8.00% | $18M |
What Transportation 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: 57 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 0 investment properties.
Why Transportation Federal Credit Union denies applications
Primary reason reported for each of the 64 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Transportation 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 | 97 | 68 | 18.4% |
| $100k – $150k | 94 | 63 | 24.1% |
| $150k – $250k | 81 | 51 | 27.1% |
| Over $250k | 25 | 14 | 28.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 38 | 29 | 11.4% |
| 35–44 | 65 | 45 | 22.4% |
| 45–54 | 99 | 65 | 24.1% |
| 55–64 | 61 | 38 | 29.1% |
| 65–74 | 31 | 18 | 30.8% |
Where Transportation Federal Credit Union lends
25 states and 168 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Maryland | 57 | 28 | 40.4% | 7.75% | #301 |
| Missouri | 33 | 29 | 3.0% | 8.00% | #391 |
| Virginia | 29 | 14 | 34.5% | 7.75% | #446 |
| Ohio | 28 | 21 | 7.1% | 8.25% | #480 |
| Illinois | 22 | 16 | 22.7% | 8.13% | #581 |
| Indiana | 20 | 18 | 5.0% | 7.88% | #454 |
| District of Columbia | 19 | 5 | 31.6% | 8.00% | #128 |
| Kentucky | 18 | 14 | 22.2% | 8.00% | #362 |
| Alabama | 10 | 9 | 10.0% | 8.25% | #474 |
| Iowa | 10 | 10 | 0.0% | 8.00% | #361 |
| Oklahoma | 9 | 8 | 0.0% | 7.88% | #423 |
| Tennessee | 9 | 8 | 0.0% | 7.75% | #651 |
| California | 8 | 2 | 37.5% | 8.13% | #749 |
| Wisconsin | 8 | 7 | 12.5% | 8.25% | #512 |
| Colorado | 5 | 1 | 40.0% | 8.00% | #623 |
Frequently asked questions
Transportation Federal Credit Union denied 23.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 14th percentile of small mortgage lenders.
The most common reason Transportation Federal Credit Union gave in 2025 was "other", cited on 65.6% 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 Transportation Federal Credit Union originated in 2025 was 8.00%, and its median rate spread over the average prime offer rate was 2.20 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 2% of its applications were for home purchases, 58% for refinancing (including cash-out), and 40% 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.