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American Southwest Credit Union

Sierra Vista, AZ

American Southwest Credit Union processed 139 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 83 loans with a 16.6% denial rate. Cash-out Refinancing was the primary loan purpose. Based in Sierra Vista, AZ. The approval rate of 59.7% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. American Southwest Credit Union's 59.7% origination rate tells you how often an application turned into funded money; the 16.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (139 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.

139
Applications
83
Originated
16.6%
Denial Rate
$140,755
Avg Loan Amount
Avg Interest Rate: 7.577% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 139 83 23 $140,755

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for American Southwest Credit Union (LEI: 549300HWQV4ZV6WMCK88) · 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 Approval rates exclude withdrawn / incomplete applications.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
11
Credit history
10
Collateral
3
Credit application incomplete
1
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 106 70 $96,132
Home Purchase 24 9 $334,167
Refinancing 9 4 $150,556

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 118 60.2% 15.3%
Asian * 5 80.0% 20.0%
Joint * 4 50.0% 0.0%
American Indian or Alaska Native * 1 100.0% 0.0%
Black or African American * 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 96 65.6% 9.4%
Hispanic or Latino * 27 44.4% 37.0%
Joint * 9 55.6% 11.1%

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

Nearby Lenders in AZ

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

The Loan Store, Inc

Tucson, AZ

37,522 apps 23,548 originated 12.7% denied

Desert Financial Credit Union

Phoenix, AZ

14,881 apps 8,747 originated 30.3% denied

V.I.P. Mortgage, INC.

SCOTTSDALE, AZ

10,272 apps 6,989 originated 2.0% denied

Geneva Financial LLC

Chandler, AZ

9,015 apps 5,938 originated 2.7% denied

Nova Financial & Investment Corporation

Tucson, AZ

6,917 apps 4,748 originated 5.3% denied
Compare American Southwest Credit Union vs The Loan Store, Inc →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did American Southwest Credit Union process?
American Southwest Credit Union processed 139 mortgage applications in the 2024 HMDA reporting year. Of these, 83 were originated (approved and funded), 19 were withdrawn by the applicant, and 23 were denied.
What is American Southwest Credit Union's mortgage approval rate?
American Southwest Credit Union has an approval (origination) rate of 59.7%, meaning 59.7% of all applications resulted in a funded mortgage. The denial rate is 16.6%.
What is the average loan amount at American Southwest Credit Union?
The average mortgage loan amount at American Southwest Credit Union is $140,755. The average interest rate is 7.577%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at American Southwest Credit Union?
The most common reasons for mortgage denial at American Southwest Credit Union are: Debt-to-income ratio, Credit history, Collateral. In total, 23 applications were denied out of 139 total applications.
What types of mortgage loans does American Southwest Credit Union offer?
American Southwest Credit Union processes Conventional loans. The most common type is Conventional with 139 applications and an average loan amount of $140,755.
What loan purposes does American Southwest Credit Union serve?
American Southwest Credit Union serves the following loan purposes: Cash-out Refinancing (106 applications), Home Purchase (24 applications), Refinancing (9 applications). Cash-out Refinancing is the most common purpose.
Where is American Southwest Credit Union located?
American Southwest Credit Union is headquartered in Sierra Vista, AZ. The lender is identified by LEI 549300HWQV4ZV6WMCK88 in HMDA data.
How does American Southwest Credit Union compare in lending across racial demographics?
American Southwest Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 60.2% and denial rate of 15.3%; Asian applicants have an approval rate of 80.0% and denial rate of 20.0%; Joint applicants have an approval rate of 50.0% and denial rate of 0.0%. 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.