Verve, a 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 B 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%
47th10.2% deniedPricingmedian rate spread over APOR, weight 30%
96th-0.44 ptsProcesswithdrawn + incomplete share, weight 15%
31st16.1%Closing coststotal loan costs ÷ loan amount, weight 10%
40th2.20% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 870 | 557 | 15.9% | 19.0% | 7.50% | $86M |
| 2024 | 990 | 679 | 12.2% | 14.8% | 7.50% | $140M |
| 2025 | 1,024 | 744 | 8.6% | 10.2% | 6.50% | $175M |
What Verve, a 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: 490 home-equity lines, 0 reverse mortgages, 21 manufactured homes, 113 investment properties.
Why Verve, a Credit Union denies applications
Primary reason reported for each of the 88 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Verve, a 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 | 102 | 54 | 24.7% |
| $50k – $100k | 310 | 227 | 13.3% |
| $100k – $150k | 267 | 221 | 5.7% |
| $150k – $250k | 139 | 118 | 3.2% |
| Over $250k | 60 | 45 | 4.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 27 | 18 | 12.0% |
| 25–34 | 132 | 98 | 11.3% |
| 35–44 | 236 | 178 | 7.6% |
| 45–54 | 232 | 160 | 13.5% |
| 55–64 | 177 | 133 | 11.0% |
| 65–74 | 94 | 65 | 11.8% |
| Over 74 | 22 | 17 | 0.0% |
Where Verve, a Credit Union lends
5 states and 53 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Verve, a Credit Union denied 10.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 47th percentile of small mortgage lenders.
The most common reason Verve, a Credit Union gave in 2025 was "debt-to-income ratio", cited on 52.3% 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 Verve, a Credit Union originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was -0.44 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 23% of its applications were for home purchases, 18% for refinancing (including cash-out), and 59% 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.