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Bethpage Federal Credit Union

BETHPAGE, NY

Bethpage Federal Credit Union processed 21,186 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 9,086 loans with a 44.3% denial rate. Home Improvement was the primary loan purpose. Based in BETHPAGE, NY. The approval rate of 42.9% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Bethpage Federal Credit Union's 42.9% origination rate tells you how often an application turned into funded money; the 44.3% 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 (21,073 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.

21,186
Applications
9,086
Originated
44.3%
Denial Rate
$231,947
Avg Loan Amount
Avg Interest Rate: 7.605% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 21,073 9,054 9,344 $231,383
FHA 110 31 35 $327,818
VA 3 1 0 $678,333

Top loan types - Bethpage Federal Credit Union

Top loan types - Bethpage Federal Credit Union Horizontal bar chart of the top 3 items by value (applications). Top loan types - Bethpage Federal Credit Union Top 3 1. Conventional 21,073 2. FHA 110 3. VA 3 Top 5 loan types by application volume at Bethpage Federal Credit Union (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Bethpage Federal Credit Union (LEI: 549300KTR1JGH3K6LU06) · 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
4,004
Credit history
3,072
Collateral
1,977
Credit application incomplete
1,341
Unverifiable information
500
Employment history
148
Other
23
Insufficient cash
14

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 9,214 4,012 $165,140
Other 6,089 2,060 $144,670
Refinancing 3,734 1,786 $357,849
Home Purchase 1,759 1,058 $568,360
Cash-out Refinancing 390 170 $450,205

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 13,227 46.7% 40.3%
Asian 1,621 35.7% 51.1%
Black or African American 1,562 27.4% 63.3%
Joint 374 49.7% 36.4%
American Indian or Alaska Native 88 28.4% 61.4%
Native Hawaiian or Other Pacific Islander 67 26.9% 62.7%
2 or more minority races 65 16.9% 69.2%

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 14,676 44.7% 42.1%
Hispanic or Latino 1,928 31.6% 59.5%
Joint 536 46.6% 41.8%

Nearby Lenders in NY

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

Citibank, NA

New York, NY

54,575 apps 14,104 originated 8.6% denied

M&T Bank

BUFFALO, NY

36,377 apps 20,743 originated 30.9% denied

Loan Funder LLC

New York, NY

23,955 apps 10,690 originated 11.6% denied

Better Mortgage Corporation

New York, NY

18,219 apps 5,450 originated 11.3% denied

Morgan Stanley Private Bank NA

Purchase, NY

13,901 apps 10,709 originated 3.9% denied
Compare Bethpage Federal Credit Union vs Citibank, NA →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Bethpage Federal Credit Union process?
Bethpage Federal Credit Union processed 21,186 mortgage applications in the 2024 HMDA reporting year. Of these, 9,086 were originated (approved and funded), 2,262 were withdrawn by the applicant, and 9,379 were denied.
What is Bethpage Federal Credit Union's mortgage approval rate?
Bethpage Federal Credit Union has an approval (origination) rate of 42.9%, meaning 42.9% of all applications resulted in a funded mortgage. The denial rate is 44.3%.
What is the average loan amount at Bethpage Federal Credit Union?
The average mortgage loan amount at Bethpage Federal Credit Union is $231,947. The average interest rate is 7.605%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Bethpage Federal Credit Union?
The most common reasons for mortgage denial at Bethpage Federal Credit Union are: Debt-to-income ratio, Credit history, Collateral. In total, 9,379 applications were denied out of 21,186 total applications.
What types of mortgage loans does Bethpage Federal Credit Union offer?
Bethpage Federal Credit Union processes Conventional, FHA, VA loans. The most common type is Conventional with 21,073 applications and an average loan amount of $231,383.
What loan purposes does Bethpage Federal Credit Union serve?
Bethpage Federal Credit Union serves the following loan purposes: Home Improvement (9,214 applications), Other (6,089 applications), Refinancing (3,734 applications), Home Purchase (1,759 applications), Cash-out Refinancing (390 applications). Home Improvement is the most common purpose.
Where is Bethpage Federal Credit Union located?
Bethpage Federal Credit Union is headquartered in BETHPAGE, NY. The lender is identified by LEI 549300KTR1JGH3K6LU06 in HMDA data.
How does Bethpage Federal Credit Union compare in lending across racial demographics?
Bethpage Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 46.7% and denial rate of 40.3%; Asian applicants have an approval rate of 35.7% and denial rate of 51.1%; Black or African American applicants have an approval rate of 27.4% and denial rate of 63.3%. 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.