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Celco Community Federal Credit Union

Narrows, VA

Celco Community Federal Credit Union processed 63 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 47 loans with a 9.5% denial rate. Home Purchase was the primary loan purpose. Based in Narrows, VA. The approval rate of 74.6% 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. Celco Community Federal Credit Union processed 63 HMDA-reported mortgage applications in 2024, originating 47 loans and denying 6 for a denial rate of 9.5% (applicants themselves withdrew 10 files before a decision). The average loan amount was $127,857 at a 7.606% average note rate, and applicants self-reported an average income of $33,000. The lender reports under LEI 2549009NMZ1FPA016I77 from Narrows, VA.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Celco Community Federal Credit Union's 74.6% origination rate tells you how often an application turned into funded money; the 9.5% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Employment history, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (63 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.

63
Applications
47
Originated
9.5%
Denial Rate
$127,857
Avg Loan Amount
Avg Interest Rate: 7.606% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 63 47 6 $127,857

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Celco Community Federal Credit Union (LEI: 2549009NMZ1FPA016I77) · 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
6
Employment history
1
Debt-to-income ratio
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 38 27 $165,263
Refinancing 23 18 $71,957
Home Improvement 2 2 $60,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 60 75.0% 10.0%
Joint 2 50.0% 0.0%
Black or African American 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 63 74.6% 9.5%

Nearby Lenders in VA

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

Navy Federal Credit Union

Vienna, VA

182,680 apps 82,022 originated 23.9% denied

PROSPERITY HOME MORTGAGE, LLC

CHANTILLY, VA

29,914 apps 20,115 originated 7.4% denied

Pentagon Federal Credit Unioin

Alexandria, VA

28,887 apps 10,514 originated 39.2% denied

ATLANTIC BAY MORTGAGE GROUP

VIRGINIA BEACH, VA

17,186 apps 13,415 originated 1.4% denied

First Heritage Mortgage, LLC

Fairfax, VA

7,733 apps 6,346 originated 1.6% denied
Compare Celco Community Federal Credit Union vs Navy Federal Credit Union →

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 Celco Community Federal Credit Union process?
Celco Community Federal Credit Union processed 63 mortgage applications in the 2023 HMDA reporting year. Of these, 47 were originated (approved and funded), 10 were withdrawn by the applicant, and 6 were denied.
What is Celco Community Federal Credit Union's mortgage approval rate?
Celco Community Federal Credit Union has an approval (origination) rate of 74.6%, meaning 74.6% of all applications resulted in a funded mortgage. The denial rate is 9.5%.
What is the average loan amount at Celco Community Federal Credit Union?
The average mortgage loan amount at Celco Community Federal Credit Union is $127,857. The average interest rate is 7.606%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at Celco Community Federal Credit Union?
The most common reasons for mortgage denial at Celco Community Federal Credit Union are: Credit history, Employment history, Debt-to-income ratio. In total, 6 applications were denied out of 63 total applications.
What types of mortgage loans does Celco Community Federal Credit Union offer?
Celco Community Federal Credit Union processes Conventional loans. The most common type is Conventional with 63 applications and an average loan amount of $127,857.
What loan purposes does Celco Community Federal Credit Union serve?
Celco Community Federal Credit Union serves the following loan purposes: Home Purchase (38 applications), Refinancing (23 applications), Home Improvement (2 applications). Home Purchase is the most common purpose.
Where is Celco Community Federal Credit Union located?
Celco Community Federal Credit Union is headquartered in Narrows, VA. The lender is identified by LEI 2549009NMZ1FPA016I77 in HMDA data.
How does Celco Community Federal Credit Union compare in lending across racial demographics?
Celco Community Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 75.0% and denial rate of 10.0%; Joint applicants have an approval rate of 50.0% and denial rate of 0.0%; Black or African American applicants have an approval rate of 100.0% 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.