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Altana Federal Credit Union

Billings, MT

Altana Federal Credit Union processed 547 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 423 loans with a 15.2% denial rate. Home Improvement was the primary loan purpose. Based in Billings, MT. The approval rate of 77.3% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. Altana Federal Credit Union processed 547 HMDA-reported mortgage applications in 2024, originating 423 loans and denying 83 for a denial rate of 15.2% (applicants themselves withdrew 32 files before a decision). The average loan amount was $139,461 at a 6.749% average note rate, and applicants self-reported an average income of $34,000. The lender reports under LEI 54930043A47GB1KNJQ31 from Billings, MT.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Altana Federal Credit Union's 77.3% origination rate tells you how often an application turned into funded money; the 15.2% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Debt-to-income ratio, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (547 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.

547
Applications
423
Originated
15.2%
Denial Rate
$139,461
Avg Loan Amount
Avg Interest Rate: 6.749% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 547 423 83 $139,461

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Altana Federal Credit Union (LEI: 54930043A47GB1KNJQ31) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Collateral
42
Debt-to-income ratio
40
Credit history
35
Other
12
Unverifiable information
8
Employment history
6
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 194 149 $97,835
Other 181 130 $89,641
Refinancing 81 66 $207,963
Home Purchase 71 59 $269,507
Cash-out Refinancing 20 19 $255,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 485 79.2% 13.4%
Joint 9 100.0% 0.0%
American Indian or Alaska Native 4 25.0% 50.0%
Native Hawaiian or Other Pacific Islander 1 100.0% 0.0%

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 473 78.9% 13.9%
Joint 16 87.5% 6.3%
Hispanic or Latino 6 66.7% 33.3%

Nearby Lenders in MT

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

Glacier Bank

Kalispell, MT

7,296 apps 4,434 originated 16.5% denied

First Interstate Bank

Billings, MT

4,267 apps 2,414 originated 27.5% denied

Stockman Bank of Montana

Miles City, MT

2,613 apps 2,011 originated 5.7% denied

OPPORTUNITY BANK OF MONTANA

HELENA, MT

1,537 apps 1,062 originated 8.7% denied

Valley Financial Credit Union

Billings, MT

474 apps 363 originated 17.1% denied
Compare Altana Federal Credit Union vs Glacier Bank →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did Altana Federal Credit Union process?
Altana Federal Credit Union processed 547 mortgage applications in the 2023 HMDA reporting year. Of these, 423 were originated (approved and funded), 32 were withdrawn by the applicant, and 83 were denied.
What is Altana Federal Credit Union's mortgage approval rate?
Altana Federal Credit Union has an approval (origination) rate of 77.3%, meaning 77.3% of all applications resulted in a funded mortgage. The denial rate is 15.2%.
What is the average loan amount at Altana Federal Credit Union?
The average mortgage loan amount at Altana Federal Credit Union is $139,461. The average interest rate is 6.749%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Altana Federal Credit Union?
The most common reasons for mortgage denial at Altana Federal Credit Union are: Collateral, Debt-to-income ratio, Credit history. In total, 83 applications were denied out of 547 total applications.
What types of mortgage loans does Altana Federal Credit Union offer?
Altana Federal Credit Union processes Conventional loans. The most common type is Conventional with 547 applications and an average loan amount of $139,461.
What loan purposes does Altana Federal Credit Union serve?
Altana Federal Credit Union serves the following loan purposes: Home Improvement (194 applications), Other (181 applications), Refinancing (81 applications), Home Purchase (71 applications), Cash-out Refinancing (20 applications). Home Improvement is the most common purpose.
Where is Altana Federal Credit Union located?
Altana Federal Credit Union is headquartered in Billings, MT. The lender is identified by LEI 54930043A47GB1KNJQ31 in HMDA data.
How does Altana Federal Credit Union compare in lending across racial demographics?
Altana Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 79.2% and denial rate of 13.4%; Joint applicants have an approval rate of 100.0% and denial rate of 0.0%; American Indian or Alaska Native applicants have an approval rate of 25.0% and denial rate of 50.0%. 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.