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1st Community Federal Credit Union

San Angelo, TX

1st Community Federal Credit Union processed 104 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 70 loans with a 24.0% denial rate. Cash-out Refinancing was the primary loan purpose. Based in San Angelo, TX. The approval rate of 67.3% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. 1st Community Federal Credit Union's 67.3% origination rate tells you how often an application turned into funded money; the 24.0% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (104 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

104
Applications
70
Originated
24.0%
Denial Rate
$216,538
Avg Loan Amount
Avg Interest Rate: 8.517% Avg Applicant Income: $30,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 104 70 25 $216,538

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for 1st Community Federal Credit Union (LEI: 549300BOONATEIE9GC38) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
13
Debt-to-income ratio
9
Collateral
4
Other
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 34 32 $104,412
Other 32 14 $79,063
Home Improvement 26 19 $94,615
Home Purchase 10 4 $189,000
Refinancing 2 1 $6,045,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 97 69.1% 22.7%
American Indian or Alaska Native * 2 0.0% 100.0%
Black or African American * 1 0.0% 100.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 50 66.0% 26.0%
Hispanic or Latino * 46 67.4% 26.1%
Joint * 4 75.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in TX

Other HMDA-reporting lenders in TX with similar activity. Compare any two side-by-side.

Nationstar Mortgage

Coppell, TX

110,111 apps 41,693 originated 9.2% denied

DHI Mortgage Company, LTD.

Austin, TX

96,056 apps 70,673 originated 10.3% denied

PRIMELENDING

DALLAS, TX

36,578 apps 25,147 originated 5.3% denied

Credit Human Federal Credit Un

San Antonio, TX

28,052 apps 2,953 originated 75.7% denied

Usaa Bank

SAN ANTONIO, TX

28,020 apps 13,205 originated 23.5% denied
Compare 1st Community Federal Credit Union vs Nationstar Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did 1st Community Federal Credit Union process?
1st Community Federal Credit Union processed 104 mortgage applications in the 2024 HMDA reporting year. Of these, 70 were originated (approved and funded), 9 were withdrawn by the applicant, and 25 were denied.
What is 1st Community Federal Credit Union's mortgage approval rate?
1st Community Federal Credit Union has an approval (origination) rate of 67.3%, meaning 67.3% of all applications resulted in a funded mortgage. The denial rate is 24.0%.
What is the average loan amount at 1st Community Federal Credit Union?
The average mortgage loan amount at 1st Community Federal Credit Union is $216,538. The average interest rate is 8.517%. The average applicant income is $30,000.
What are the most common reasons for mortgage denial at 1st Community Federal Credit Union?
The most common reasons for mortgage denial at 1st Community Federal Credit Union are: Credit history, Debt-to-income ratio, Collateral. In total, 25 applications were denied out of 104 total applications.
What types of mortgage loans does 1st Community Federal Credit Union offer?
1st Community Federal Credit Union processes Conventional loans. The most common type is Conventional with 104 applications and an average loan amount of $216,538.
What loan purposes does 1st Community Federal Credit Union serve?
1st Community Federal Credit Union serves the following loan purposes: Cash-out Refinancing (34 applications), Other (32 applications), Home Improvement (26 applications), Home Purchase (10 applications), Refinancing (2 applications). Cash-out Refinancing is the most common purpose.
Where is 1st Community Federal Credit Union located?
1st Community Federal Credit Union is headquartered in San Angelo, TX. The lender is identified by LEI 549300BOONATEIE9GC38 in HMDA data.
How does 1st Community Federal Credit Union compare in lending across racial demographics?
1st Community Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 69.1% and denial rate of 22.7%; American Indian or Alaska Native applicants have an approval rate of 0.0% and denial rate of 100.0%; Black or African American applicants have an approval rate of 0.0% and denial rate of 100.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.