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Align Credit Union

LOWELL, MA

Align Credit Union processed 501 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 289 loans with a 28.3% denial rate. Home Improvement was the primary loan purpose. Based in LOWELL, MA. The approval rate of 57.7% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Align Credit Union's 57.7% origination rate tells you how often an application turned into funded money; the 28.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Collateral, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (501 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.

501
Applications
289
Originated
28.3%
Denial Rate
$158,832
Avg Loan Amount
Avg Interest Rate: 5.645% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 501 289 142 $158,832

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Align Credit Union (LEI: 549300XYJEJCSZHWWM52) · 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 Approval rates exclude withdrawn / incomplete applications.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

Debt-to-income ratio
85
Collateral
34
Credit history
31
Unverifiable information
30
Other
22
Credit application incomplete
16
Employment history
3
Insufficient cash
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 236 142 $116,822
Refinancing 150 87 $167,133
Other 59 34 $121,441
Home Purchase 42 17 $301,429
Cash-out Refinancing 14 9 $507,857

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 380 60.3% 25.8%
Asian * 25 28.0% 60.0%
Joint * 12 66.7% 25.0%
Black or African American * 11 36.4% 45.5%
American Indian or Alaska Native * 3 66.7% 0.0%
Native Hawaiian or Other Pacific Islander * 2 0.0% 100.0%
2 or more minority races * 1 100.0% 0.0%

* 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 375 60.8% 26.4%
Hispanic or Latino * 25 32.0% 48.0%
Joint * 19 52.6% 42.1%

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

Nearby Lenders in MA

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

Digital Federal Credit Union

Marlborough, MA

11,503 apps 4,232 originated 23.0% denied

Leader Bank NA

Arlington, MA

6,683 apps 5,398 originated 2.6% denied

Rockland Trust Bank

BROCKTON, MA

5,681 apps 2,932 originated 30.2% denied

Eastern Bank

Lynn, MA

5,146 apps 3,130 originated 29.4% denied

Cape Cod Five Cents Savings Bank

HYANNIS, MA

2,836 apps 2,014 originated 10.2% denied
Compare Align Credit Union vs Digital Federal Credit Union →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Align Credit Union process?
Align Credit Union processed 501 mortgage applications in the 2024 HMDA reporting year. Of these, 289 were originated (approved and funded), 56 were withdrawn by the applicant, and 142 were denied.
What is Align Credit Union's mortgage approval rate?
Align Credit Union has an approval (origination) rate of 57.7%, meaning 57.7% of all applications resulted in a funded mortgage. The denial rate is 28.3%.
What is the average loan amount at Align Credit Union?
The average mortgage loan amount at Align Credit Union is $158,832. The average interest rate is 5.645%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Align Credit Union?
The most common reasons for mortgage denial at Align Credit Union are: Debt-to-income ratio, Collateral, Credit history. In total, 142 applications were denied out of 501 total applications.
What types of mortgage loans does Align Credit Union offer?
Align Credit Union processes Conventional loans. The most common type is Conventional with 501 applications and an average loan amount of $158,832.
What loan purposes does Align Credit Union serve?
Align Credit Union serves the following loan purposes: Home Improvement (236 applications), Refinancing (150 applications), Other (59 applications), Home Purchase (42 applications), Cash-out Refinancing (14 applications). Home Improvement is the most common purpose.
Where is Align Credit Union located?
Align Credit Union is headquartered in LOWELL, MA. The lender is identified by LEI 549300XYJEJCSZHWWM52 in HMDA data.
How does Align Credit Union compare in lending across racial demographics?
Align Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 60.3% and denial rate of 25.8%; Asian applicants have an approval rate of 28.0% and denial rate of 60.0%; Joint applicants have an approval rate of 66.7% and denial rate of 25.0%. 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.