VELOCITY 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%
4th39.7% deniedPricingmedian rate spread over APOR, weight 30%
41st0.35 ptsProcesswithdrawn + incomplete share, weight 15%
14th23.0%Closing coststotal loan costs ÷ loan amount, weight 10%
96th0.40% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 267 | 102 | 45.3% | 53.5% | 6.50% | $13M |
| 2024 | 276 | 120 | 39.9% | 46.4% | 6.88% | $14M |
| 2025 | 265 | 121 | 30.6% | 39.7% | 6.50% | $22M |
What VELOCITY 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, 0 manufactured homes, 7 investment properties.
Why VELOCITY Credit Union denies applications
Primary reason reported for each of the 81 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at VELOCITY 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 | 23 | 5 | 73.7% |
| $50k – $100k | 81 | 38 | 41.8% |
| $100k – $150k | 59 | 32 | 36.0% |
| $150k – $250k | 66 | 30 | 33.3% |
| Over $250k | 36 | 16 | 26.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 22 | 11 | 15.4% |
| 35–44 | 49 | 23 | 39.5% |
| 45–54 | 69 | 38 | 34.5% |
| 55–64 | 57 | 27 | 37.8% |
| 65–74 | 44 | 13 | 56.7% |
| Over 74 | 23 | 9 | 50.0% |
Where VELOCITY Credit Union lends
1 states and 26 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 265 | 121 | 30.6% | 6.50% | #363 |
Frequently asked questions
VELOCITY Credit Union denied 39.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 4th percentile of small mortgage lenders.
The most common reason VELOCITY Credit Union gave in 2025 was "credit history", cited on 48.1% 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 VELOCITY Credit Union originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was 0.35 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 17% of its applications were for home purchases, 78% for refinancing (including cash-out), and 4% 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.