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Cedar Point Federal Credit Union

LEXINGTON PARK, MD

Cedar Point Federal Credit Union processed 164 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 132 loans with a 4.3% denial rate. Cash-out Refinancing was the primary loan purpose. Based in LEXINGTON PARK, MD. The approval rate of 80.5% 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. Cedar Point Federal Credit Union processed 164 HMDA-reported mortgage applications in 2024, originating 132 loans and denying 7 for a denial rate of 4.3% (applicants themselves withdrew 16 files before a decision). The average loan amount was $140,366 at a 8.834% average note rate, and applicants self-reported an average income of $34,000. The lender reports under LEI 254900SEH2UUXVW21S97 from LEXINGTON PARK, MD.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Cedar Point Federal Credit Union's 80.5% origination rate tells you how often an application turned into funded money; the 4.3% 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, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (164 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.

164
Applications
132
Originated
4.3%
Denial Rate
$140,366
Avg Loan Amount
Avg Interest Rate: 8.834% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 164 132 7 $140,366

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Cedar Point Federal Credit Union (LEI: 254900SEH2UUXVW21S97) · 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

Credit history
5
Debt-to-income ratio
5
Collateral
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 129 107 $120,116
Other 16 9 $110,000
Refinancing 11 9 $278,636
Home Purchase 8 7 $337,500

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 121 86.0% 4.1%
Black or African American 18 61.1% 5.6%
Asian 2 50.0% 0.0%
Joint 2 50.0% 0.0%
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 130 83.1% 1.5%
Hispanic or Latino 5 40.0% 40.0%
Joint 3 100.0% 0.0%

Nearby Lenders in MD

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

LOWER, LLC

COLUMBIA, MD

27,730 apps 17,412 originated 9.4% denied

NFM, INC

LINTHICUM, MD

22,075 apps 17,246 originated 1.9% denied

First Home Mortgage

Baltimore, MD

7,187 apps 5,538 originated 2.8% denied

TOWER FEDERAL CREDIT UNION

LAUREL, MD

6,022 apps 3,449 originated 31.0% denied

State Employees Credit Union of Maryland

Linthicum, MD

5,814 apps 2,602 originated 42.7% denied
Compare Cedar Point Federal Credit Union vs LOWER, LLC →

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

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Frequently Asked Questions

How many mortgage applications did Cedar Point Federal Credit Union process?
Cedar Point Federal Credit Union processed 164 mortgage applications in the 2023 HMDA reporting year. Of these, 132 were originated (approved and funded), 16 were withdrawn by the applicant, and 7 were denied.
What is Cedar Point Federal Credit Union's mortgage approval rate?
Cedar Point Federal Credit Union has an approval (origination) rate of 80.5%, meaning 80.5% of all applications resulted in a funded mortgage. The denial rate is 4.3%.
What is the average loan amount at Cedar Point Federal Credit Union?
The average mortgage loan amount at Cedar Point Federal Credit Union is $140,366. The average interest rate is 8.834%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Cedar Point Federal Credit Union?
The most common reasons for mortgage denial at Cedar Point Federal Credit Union are: Credit history, Debt-to-income ratio, Collateral. In total, 7 applications were denied out of 164 total applications.
What types of mortgage loans does Cedar Point Federal Credit Union offer?
Cedar Point Federal Credit Union processes Conventional loans. The most common type is Conventional with 164 applications and an average loan amount of $140,366.
What loan purposes does Cedar Point Federal Credit Union serve?
Cedar Point Federal Credit Union serves the following loan purposes: Cash-out Refinancing (129 applications), Other (16 applications), Refinancing (11 applications), Home Purchase (8 applications). Cash-out Refinancing is the most common purpose.
Where is Cedar Point Federal Credit Union located?
Cedar Point Federal Credit Union is headquartered in LEXINGTON PARK, MD. The lender is identified by LEI 254900SEH2UUXVW21S97 in HMDA data.
How does Cedar Point Federal Credit Union compare in lending across racial demographics?
Cedar Point Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 86.0% and denial rate of 4.1%; Black or African American applicants have an approval rate of 61.1% and denial rate of 5.6%; Asian applicants have an approval rate of 50.0% and denial rate of 0.0%. 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.