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American First Credit Union

BREA, CA

American First Credit Union processed 243 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 89 loans with a 23.9% denial rate. Other was the primary loan purpose. Based in BREA, CA. The approval rate of 36.6% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. American First Credit Union's 36.6% origination rate tells you how often an application turned into funded money; the 23.9% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Debt-to-income ratio, Unverifiable information, which together explain the majority of rejections. Most activity concentrated in Conventional loans (243 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.

243
Applications
89
Originated
23.9%
Denial Rate
$409,115
Avg Loan Amount
Avg Interest Rate: 7.541% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 243 89 58 $409,115

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for American First Credit Union (LEI: 549300GIVX5W7UETD809) · 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 Approval rates exclude withdrawn / incomplete applications.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

Other
39
Debt-to-income ratio
31
Unverifiable information
4
Credit history
4
Collateral
2
Employment history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 137 65 $94,708
Home Purchase 55 4 $438,091
Cash-out Refinancing 36 20 $1,195,556
Refinancing 15 0 $1,287,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 117 38.5% 21.4%
Native Hawaiian or Other Pacific Islander * 25 40.0% 48.0%
Asian * 24 29.2% 20.8%
Joint * 10 50.0% 0.0%
American Indian or Alaska Native * 5 60.0% 20.0%
Black or African American * 5 20.0% 20.0%

* 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
Hispanic or Latino 102 30.4% 33.3%
Not Hispanic or Latino 81 48.1% 16.1%
Joint * 9 33.3% 0.0%

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

Nearby Lenders in CA

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

Pennymac Loan Services LLC

WESTLAKE VILLAGE, CA

384,816 apps 67,294 originated 4.7% denied

Bank of America NA

Westlake Village, CA

233,637 apps 83,165 originated 34.6% denied

AmeriHome Mortgage Company, LLC

Thousand Oaks, CA

149,937 apps 6,250 originated 0.8% denied

Loandepot.Com, LLC

IRVINE, CA

142,924 apps 79,418 originated 23.3% denied

New American Funding, LLC.

TUSTIN, CA

118,479 apps 48,639 originated 11.1% denied
Compare American First Credit Union vs Pennymac Loan Services LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did American First Credit Union process?
American First Credit Union processed 243 mortgage applications in the 2024 HMDA reporting year. Of these, 89 were originated (approved and funded), 29 were withdrawn by the applicant, and 58 were denied.
What is American First Credit Union's mortgage approval rate?
American First Credit Union has an approval (origination) rate of 36.6%, meaning 36.6% of all applications resulted in a funded mortgage. The denial rate is 23.9%.
What is the average loan amount at American First Credit Union?
The average mortgage loan amount at American First Credit Union is $409,115. The average interest rate is 7.541%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at American First Credit Union?
The most common reasons for mortgage denial at American First Credit Union are: Other, Debt-to-income ratio, Unverifiable information. In total, 58 applications were denied out of 243 total applications.
What types of mortgage loans does American First Credit Union offer?
American First Credit Union processes Conventional loans. The most common type is Conventional with 243 applications and an average loan amount of $409,115.
What loan purposes does American First Credit Union serve?
American First Credit Union serves the following loan purposes: Other (137 applications), Home Purchase (55 applications), Cash-out Refinancing (36 applications), Refinancing (15 applications). Other is the most common purpose.
Where is American First Credit Union located?
American First Credit Union is headquartered in BREA, CA. The lender is identified by LEI 549300GIVX5W7UETD809 in HMDA data.
How does American First Credit Union compare in lending across racial demographics?
American First Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 38.5% and denial rate of 21.4%; Native Hawaiian or Other Pacific Islander applicants have an approval rate of 40.0% and denial rate of 48.0%; Asian applicants have an approval rate of 29.2% and denial rate of 20.8%. 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.