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Certified Federal Credit Union

EL MONTE, CA

Certified Federal Credit Union processed 126 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 92 loans with a 11.1% denial rate. Cash-out Refinancing was the primary loan purpose. Based in EL MONTE, CA. The approval rate of 73.0% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Certified Federal Credit Union's 73.0% origination rate tells you how often an application turned into funded money; the 11.1% 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, which together explain the majority of rejections. Most activity concentrated in Conventional loans (126 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.

126
Applications
92
Originated
11.1%
Denial Rate
$152,778
Avg Loan Amount
Avg Interest Rate: 7.407% Avg Applicant Income: $40,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 126 92 14 $152,778

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Certified Federal Credit Union (LEI: 549300WXO2FZYE7KAW26) · 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 Approval rates exclude withdrawn / incomplete applications.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
10
Credit history
4

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 57 38 $123,421
Home Improvement 26 25 $61,154
Refinancing 25 14 $211,400
Home Purchase 10 8 $507,000
Other 8 7 $33,750

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 110 71.8% 11.8%
Black or African American * 7 85.7% 14.3%
Joint * 3 100.0% 0.0%
Asian * 2 100.0% 0.0%
American Indian or Alaska Native * 1 0.0% 0.0%

* 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
Hispanic or Latino 82 65.8% 14.6%
Not Hispanic or Latino * 34 85.3% 5.9%
Joint * 7 100.0% 0.0%

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

Nearby Lenders in CA

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

Pennymac Loan Services LLC

WESTLAKE VILLAGE, CA

384,816 apps 67,294 originated 4.7% denied

Bank of America NA

Westlake Village, CA

233,637 apps 83,165 originated 34.6% denied

AmeriHome Mortgage Company, LLC

Thousand Oaks, CA

149,937 apps 6,250 originated 0.8% denied

Loandepot.Com, LLC

IRVINE, CA

142,924 apps 79,418 originated 23.3% denied

New American Funding, LLC.

TUSTIN, CA

118,479 apps 48,639 originated 11.1% denied
Compare Certified Federal Credit Union vs Pennymac Loan Services LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Certified Federal Credit Union process?
Certified Federal Credit Union processed 126 mortgage applications in the 2024 HMDA reporting year. Of these, 92 were originated (approved and funded), 16 were withdrawn by the applicant, and 14 were denied.
What is Certified Federal Credit Union's mortgage approval rate?
Certified Federal Credit Union has an approval (origination) rate of 73.0%, meaning 73.0% of all applications resulted in a funded mortgage. The denial rate is 11.1%.
What is the average loan amount at Certified Federal Credit Union?
The average mortgage loan amount at Certified Federal Credit Union is $152,778. The average interest rate is 7.407%. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at Certified Federal Credit Union?
The most common reasons for mortgage denial at Certified Federal Credit Union are: Debt-to-income ratio, Credit history. In total, 14 applications were denied out of 126 total applications.
What types of mortgage loans does Certified Federal Credit Union offer?
Certified Federal Credit Union processes Conventional loans. The most common type is Conventional with 126 applications and an average loan amount of $152,778.
What loan purposes does Certified Federal Credit Union serve?
Certified Federal Credit Union serves the following loan purposes: Cash-out Refinancing (57 applications), Home Improvement (26 applications), Refinancing (25 applications), Home Purchase (10 applications), Other (8 applications). Cash-out Refinancing is the most common purpose.
Where is Certified Federal Credit Union located?
Certified Federal Credit Union is headquartered in EL MONTE, CA. The lender is identified by LEI 549300WXO2FZYE7KAW26 in HMDA data.
How does Certified Federal Credit Union compare in lending across racial demographics?
Certified Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 71.8% and denial rate of 11.8%; Black or African American applicants have an approval rate of 85.7% and denial rate of 14.3%; Joint 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.

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.