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BAXTER CREDIT UNION

340 N MILWAUKEE AVE, IL

BAXTER CREDIT UNION processed 4,800 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 2,812 loans with a 20.9% denial rate. Other was the primary loan purpose. Based in 340 N MILWAUKEE AVE, IL. The approval rate of 58.6% 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. BAXTER CREDIT UNION processed 4,800 HMDA-reported mortgage applications in 2024, originating 2,812 loans and denying 1,002 for a denial rate of 20.9% (applicants themselves withdrew 41 files before a decision). The average loan amount was $202,469 at a 7.835% average note rate, and applicants self-reported an average income of $37,000. The lender reports under LEI 549300S8SHBRCI7UU819 from 340 N MILWAUKEE AVE, IL.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. BAXTER CREDIT UNION's 58.6% origination rate tells you how often an application turned into funded money; the 20.9% 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 (4,800 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.

4,800
Applications
2,812
Originated
20.9%
Denial Rate
$202,469
Avg Loan Amount
Avg Interest Rate: 7.835% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 4,800 2,812 1,002 $202,469

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for BAXTER CREDIT UNION (LEI: 549300S8SHBRCI7UU819) · 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
450
Credit history
442
Collateral
262
Other
78
Insufficient cash
14
Unverifiable information
9
Credit application incomplete
6
Employment history
5

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 1,515 703 $114,076
Home Improvement 1,477 893 $103,362
Home Purchase 1,262 869 $413,716
Cash-out Refinancing 444 291 $193,491
Refinancing 102 56 $375,882

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 2,834 63.8% 17.9%
Black or African American 329 41.3% 38.6%
Asian 321 49.8% 16.5%
Joint 124 65.3% 21.0%
American Indian or Alaska Native 26 53.9% 30.8%
2 or more minority races 11 36.4% 63.6%
Native Hawaiian or Other Pacific Islander 4 25.0% 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 3,031 61.3% 19.0%
Hispanic or Latino 574 49.0% 28.4%
Joint 127 59.8% 21.3%

Nearby Lenders in IL

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

GUARANTEED RATE, INC.

CHICAGO, IL

124,492 apps 62,820 originated 5.1% denied

BMO Harris Bank NA

Chicago, IL

42,165 apps 18,166 originated 29.4% denied

Mutual of Omaha Mortgage

Lombard, IL

34,393 apps 19,951 originated 20.2% denied

GUARANTEED RATE AFFINITY, LLC

CHICAGO, IL

21,826 apps 14,587 originated 6.0% denied

THE FEDERAL SAVINGS BANK

CHICAGO, IL

20,656 apps 8,146 originated 9.3% denied
Compare BAXTER CREDIT UNION vs GUARANTEED RATE, INC. →

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

Frequently Asked Questions

How many mortgage applications did BAXTER CREDIT UNION process?
BAXTER CREDIT UNION processed 4,800 mortgage applications in the 2023 HMDA reporting year. Of these, 2,812 were originated (approved and funded), 41 were withdrawn by the applicant, and 1,002 were denied.
What is BAXTER CREDIT UNION's mortgage approval rate?
BAXTER CREDIT UNION has an approval (origination) rate of 58.6%, meaning 58.6% of all applications resulted in a funded mortgage. The denial rate is 20.9%.
What is the average loan amount at BAXTER CREDIT UNION?
The average mortgage loan amount at BAXTER CREDIT UNION is $202,469. The average interest rate is 7.835%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at BAXTER CREDIT UNION?
The most common reasons for mortgage denial at BAXTER CREDIT UNION are: Debt-to-income ratio, Credit history, Collateral. In total, 1,002 applications were denied out of 4,800 total applications.
What types of mortgage loans does BAXTER CREDIT UNION offer?
BAXTER CREDIT UNION processes Conventional loans. The most common type is Conventional with 4,800 applications and an average loan amount of $202,469.
What loan purposes does BAXTER CREDIT UNION serve?
BAXTER CREDIT UNION serves the following loan purposes: Other (1,515 applications), Home Improvement (1,477 applications), Home Purchase (1,262 applications), Cash-out Refinancing (444 applications), Refinancing (102 applications). Other is the most common purpose.
Where is BAXTER CREDIT UNION located?
BAXTER CREDIT UNION is headquartered in 340 N MILWAUKEE AVE, IL. The lender is identified by LEI 549300S8SHBRCI7UU819 in HMDA data.
How does BAXTER CREDIT UNION compare in lending across racial demographics?
BAXTER CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 63.8% and denial rate of 17.9%; Black or African American applicants have an approval rate of 41.3% and denial rate of 38.6%; Asian applicants have an approval rate of 49.8% and denial rate of 16.5%. 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.