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Christian Financial CU

Sterling Heights, MI

Christian Financial CU processed 441 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 197 loans with a 38.8% denial rate. Other was the primary loan purpose. Based in Sterling Heights, MI. The approval rate of 44.7% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Christian Financial CU's 44.7% origination rate tells you how often an application turned into funded money; the 38.8% 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 (441 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.

441
Applications
197
Originated
38.8%
Denial Rate
$45,431
Avg Loan Amount
Avg Interest Rate: 7.650% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 441 197 171 $45,431

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Christian Financial CU (LEI: 254900PE3F2ADLAJRQ97) · 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 Approval rates exclude withdrawn / incomplete applications.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
86
Credit history
51
Collateral
43
Credit application incomplete
35
Other
15
Employment history
8
Unverifiable information
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 219 86 $42,534
Home Improvement 196 101 $44,643
Cash-out Refinancing 13 4 $69,615
Home Purchase 9 4 $97,222
Refinancing 4 2 $47,500

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 336 48.5% 34.8%
Black or African American 53 24.5% 66.0%
Joint * 10 50.0% 40.0%
Asian * 5 40.0% 20.0%
American Indian or Alaska Native * 3 33.3% 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
Not Hispanic or Latino 382 45.5% 39.3%
Joint * 9 77.8% 0.0%
Hispanic or Latino * 8 37.5% 25.0%

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

Nearby Lenders in MI

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

Rocket Mortgage

DETROIT, MI

553,854 apps 361,071 originated 14.9% denied

United Wholesale Mortgage

Pontiac, MI

493,978 apps 366,078 originated 11.7% denied

Flagstar Bank NA

Troy, MI

67,778 apps 29,443 originated 18.5% denied

Lake Michigan Credit Union

Grand Rapids, MI

16,222 apps 12,245 originated 8.3% denied

Northpointe Bank

Grand Rapids, MI

9,882 apps 5,580 originated 5.5% denied
Compare Christian Financial CU vs Rocket Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Christian Financial CU process?
Christian Financial CU processed 441 mortgage applications in the 2024 HMDA reporting year. Of these, 197 were originated (approved and funded), 73 were withdrawn by the applicant, and 171 were denied.
What is Christian Financial CU's mortgage approval rate?
Christian Financial CU has an approval (origination) rate of 44.7%, meaning 44.7% of all applications resulted in a funded mortgage. The denial rate is 38.8%.
What is the average loan amount at Christian Financial CU?
The average mortgage loan amount at Christian Financial CU is $45,431. The average interest rate is 7.650%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at Christian Financial CU?
The most common reasons for mortgage denial at Christian Financial CU are: Debt-to-income ratio, Credit history, Collateral. In total, 171 applications were denied out of 441 total applications.
What types of mortgage loans does Christian Financial CU offer?
Christian Financial CU processes Conventional loans. The most common type is Conventional with 441 applications and an average loan amount of $45,431.
What loan purposes does Christian Financial CU serve?
Christian Financial CU serves the following loan purposes: Other (219 applications), Home Improvement (196 applications), Cash-out Refinancing (13 applications), Home Purchase (9 applications), Refinancing (4 applications). Other is the most common purpose.
Where is Christian Financial CU located?
Christian Financial CU is headquartered in Sterling Heights, MI. The lender is identified by LEI 254900PE3F2ADLAJRQ97 in HMDA data.
How does Christian Financial CU compare in lending across racial demographics?
Christian Financial CU reports demographic lending data under HMDA requirements. White applicants have an approval rate of 48.5% and denial rate of 34.8%; Black or African American applicants have an approval rate of 24.5% and denial rate of 66.0%; Joint applicants have an approval rate of 50.0% and denial rate of 40.0%. 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.