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Astera Credit Union

Lansing, MI

Astera Credit Union processed 87 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 34 loans with a 28.7% denial rate. Other was the primary loan purpose. Based in Lansing, MI. The approval rate of 39.1% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Astera Credit Union's 39.1% origination rate tells you how often an application turned into funded money; the 28.7% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Credit history, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (87 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.

87
Applications
34
Originated
28.7%
Denial Rate
$43,046
Avg Loan Amount
Avg Interest Rate: 8.227% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 87 34 25 $43,046

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Astera Credit Union (LEI: 549300YW2Z3JIKD72X32) · 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 Approval rates exclude withdrawn / incomplete applications.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
18
Credit history
15
Debt-to-income ratio
14
Employment history
4
Collateral
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 51 20 $48,137
Home Improvement 14 14 $34,286

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 63 50.8% 25.4%
Black or African American * 13 7.7% 53.9%
Asian * 2 0.0% 100.0%

* 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 72 44.4% 31.9%
Hispanic or Latino * 8 25.0% 25.0%

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

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 Astera Credit Union vs Rocket Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Astera Credit Union process?
Astera Credit Union processed 87 mortgage applications in the 2024 HMDA reporting year. Of these, 34 were originated (approved and funded), 22 were withdrawn by the applicant, and 25 were denied.
What is Astera Credit Union's mortgage approval rate?
Astera Credit Union has an approval (origination) rate of 39.1%, meaning 39.1% of all applications resulted in a funded mortgage. The denial rate is 28.7%.
What is the average loan amount at Astera Credit Union?
The average mortgage loan amount at Astera Credit Union is $43,046. The average interest rate is 8.227%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Astera Credit Union?
The most common reasons for mortgage denial at Astera Credit Union are: Other, Credit history, Debt-to-income ratio. In total, 25 applications were denied out of 87 total applications.
What types of mortgage loans does Astera Credit Union offer?
Astera Credit Union processes Conventional loans. The most common type is Conventional with 87 applications and an average loan amount of $43,046.
What loan purposes does Astera Credit Union serve?
Astera Credit Union serves the following loan purposes: Other (51 applications), Home Improvement (14 applications). Other is the most common purpose.
Where is Astera Credit Union located?
Astera Credit Union is headquartered in Lansing, MI. The lender is identified by LEI 549300YW2Z3JIKD72X32 in HMDA data.
How does Astera Credit Union compare in lending across racial demographics?
Astera Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 50.8% and denial rate of 25.4%; Black or African American applicants have an approval rate of 7.7% and denial rate of 53.9%; Asian applicants have an approval rate of 0.0% and denial rate of 100.0%. 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.