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Carolina Foothills Federal Credit Union

SPARTANBURG, SC

Carolina Foothills Federal Credit Union processed 115 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 34 loans with a 38.3% denial rate. Home Purchase was the primary loan purpose. Based in SPARTANBURG, SC. The approval rate of 29.6% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Carolina Foothills Federal Credit Union's 29.6% origination rate tells you how often an application turned into funded money; the 38.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Employment history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (115 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.

115
Applications
34
Originated
38.3%
Denial Rate
$205,783
Avg Loan Amount
Avg Interest Rate: 5.470% Avg Applicant Income: $30,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 115 34 44 $205,783

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Carolina Foothills Federal Credit Union (LEI: 549300QBV10SC3TEU133) · 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 Approval rates exclude withdrawn / incomplete applications.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

Credit history
41
Debt-to-income ratio
15
Employment history
7
Other
2
Collateral
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 91 20 $218,407
Cash-out Refinancing 20 13 $126,000
Refinancing 4 1 $317,500

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 62 38.7% 32.3%
Black or African American * 47 19.1% 42.5%
Joint * 2 50.0% 50.0%
American Indian or Alaska Native * 1 0.0% 100.0%
Asian * 1 0.0% 0.0%
Native Hawaiian or Other Pacific Islander * 1 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 100 31.0% 34.0%
Hispanic or Latino * 11 9.1% 72.7%
Joint * 3 66.7% 33.3%

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

Nearby Lenders in SC

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

Movement Mortgage, LLC

INDIAN LAND, SC

85,481 apps 61,255 originated 4.3% denied

United Community Bank

GREENVILLE, SC

10,368 apps 6,575 originated 24.1% denied

Lima One Capital, LLC

GREENVILLE, SC

6,362 apps 3,761 originated 20.8% denied

Sage Home Loans Corporation

Fort Mill, SC

3,899 apps 1,703 originated 6.7% denied

Founders Federal Credit Union

Lancaster, SC

3,620 apps 2,139 originated 25.8% denied
Compare Carolina Foothills Federal Credit Union vs Movement Mortgage, LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Carolina Foothills Federal Credit Union process?
Carolina Foothills Federal Credit Union processed 115 mortgage applications in the 2024 HMDA reporting year. Of these, 34 were originated (approved and funded), 19 were withdrawn by the applicant, and 44 were denied.
What is Carolina Foothills Federal Credit Union's mortgage approval rate?
Carolina Foothills Federal Credit Union has an approval (origination) rate of 29.6%, meaning 29.6% of all applications resulted in a funded mortgage. The denial rate is 38.3%.
What is the average loan amount at Carolina Foothills Federal Credit Union?
The average mortgage loan amount at Carolina Foothills Federal Credit Union is $205,783. The average interest rate is 5.470%. The average applicant income is $30,000.
What are the most common reasons for mortgage denial at Carolina Foothills Federal Credit Union?
The most common reasons for mortgage denial at Carolina Foothills Federal Credit Union are: Credit history, Debt-to-income ratio, Employment history. In total, 44 applications were denied out of 115 total applications.
What types of mortgage loans does Carolina Foothills Federal Credit Union offer?
Carolina Foothills Federal Credit Union processes Conventional loans. The most common type is Conventional with 115 applications and an average loan amount of $205,783.
What loan purposes does Carolina Foothills Federal Credit Union serve?
Carolina Foothills Federal Credit Union serves the following loan purposes: Home Purchase (91 applications), Cash-out Refinancing (20 applications), Refinancing (4 applications). Home Purchase is the most common purpose.
Where is Carolina Foothills Federal Credit Union located?
Carolina Foothills Federal Credit Union is headquartered in SPARTANBURG, SC. The lender is identified by LEI 549300QBV10SC3TEU133 in HMDA data.
How does Carolina Foothills Federal Credit Union compare in lending across racial demographics?
Carolina Foothills Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 38.7% and denial rate of 32.3%; Black or African American applicants have an approval rate of 19.1% and denial rate of 42.5%; Joint applicants have an approval rate of 50.0% and denial rate of 50.0%. 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.