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ARBOR FINANCIAL CREDIT UNION

KALAMAZOO, MI

ARBOR FINANCIAL CREDIT UNION processed 944 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 701 loans with a 7.6% denial rate. Other was the primary loan purpose. Based in KALAMAZOO, MI. The approval rate of 74.3% 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. ARBOR FINANCIAL CREDIT UNION processed 944 HMDA-reported mortgage applications in 2024, originating 701 loans and denying 72 for a denial rate of 7.6% (applicants themselves withdrew 136 files before a decision). The average loan amount was $153,761 at a 7.618% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 549300E5018DD89WPX79 from KALAMAZOO, MI.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. ARBOR FINANCIAL CREDIT UNION's 74.3% origination rate tells you how often an application turned into funded money; the 7.6% 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 (933 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.

944
Applications
701
Originated
7.6%
Denial Rate
$153,761
Avg Loan Amount
Avg Interest Rate: 7.618% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 933 695 71 $153,692
FHA 11 6 1 $159,545

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for ARBOR FINANCIAL CREDIT UNION (LEI: 549300E5018DD89WPX79) · 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

Debt-to-income ratio
39
Credit history
32
Collateral
11
Other
8
Employment history
7
Insufficient cash
2
Unverifiable information
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 355 223 $79,282
Home Purchase 334 284 $259,581
Cash-out Refinancing 146 108 $146,712
Home Improvement 81 65 $64,383
Refinancing 28 21 $131,071

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 788 76.1% 7.2%
Black or African American 24 62.5% 16.7%
Joint 22 59.1% 13.6%
Asian 17 70.6% 5.9%
American Indian or Alaska Native 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 784 75.8% 7.0%
Joint 23 52.2% 17.4%
Hispanic or Latino 17 82.3% 5.9%

Nearby Lenders in MI

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

ROCKET MORTGAGE

DETROIT, MI

553,854 apps 361,071 originated 14.9% denied

United Wholesale Mortgage

Pontiac, MI

493,978 apps 366,078 originated 11.7% denied

Flagstar Bank NA

Troy, MI

67,778 apps 29,443 originated 18.5% denied

Lake Michigan Credit Union

Grand Rapids, MI

16,222 apps 12,245 originated 8.3% denied

Northpointe Bank

Grand Rapids, MI

9,882 apps 5,580 originated 5.5% denied
Compare ARBOR FINANCIAL CREDIT UNION vs ROCKET MORTGAGE →

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 ARBOR FINANCIAL CREDIT UNION process?
ARBOR FINANCIAL CREDIT UNION processed 944 mortgage applications in the 2023 HMDA reporting year. Of these, 701 were originated (approved and funded), 136 were withdrawn by the applicant, and 72 were denied.
What is ARBOR FINANCIAL CREDIT UNION's mortgage approval rate?
ARBOR FINANCIAL CREDIT UNION has an approval (origination) rate of 74.3%, meaning 74.3% of all applications resulted in a funded mortgage. The denial rate is 7.6%.
What is the average loan amount at ARBOR FINANCIAL CREDIT UNION?
The average mortgage loan amount at ARBOR FINANCIAL CREDIT UNION is $153,761. The average interest rate is 7.618%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at ARBOR FINANCIAL CREDIT UNION?
The most common reasons for mortgage denial at ARBOR FINANCIAL CREDIT UNION are: Debt-to-income ratio, Credit history, Collateral. In total, 72 applications were denied out of 944 total applications.
What types of mortgage loans does ARBOR FINANCIAL CREDIT UNION offer?
ARBOR FINANCIAL CREDIT UNION processes Conventional, FHA loans. The most common type is Conventional with 933 applications and an average loan amount of $153,692.
What loan purposes does ARBOR FINANCIAL CREDIT UNION serve?
ARBOR FINANCIAL CREDIT UNION serves the following loan purposes: Other (355 applications), Home Purchase (334 applications), Cash-out Refinancing (146 applications), Home Improvement (81 applications), Refinancing (28 applications). Other is the most common purpose.
Where is ARBOR FINANCIAL CREDIT UNION located?
ARBOR FINANCIAL CREDIT UNION is headquartered in KALAMAZOO, MI. The lender is identified by LEI 549300E5018DD89WPX79 in HMDA data.
How does ARBOR FINANCIAL CREDIT UNION compare in lending across racial demographics?
ARBOR FINANCIAL CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 76.1% and denial rate of 7.2%; Black or African American applicants have an approval rate of 62.5% and denial rate of 16.7%; Joint applicants have an approval rate of 59.1% and denial rate of 13.6%. 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.