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Climb Credit Union

ARVADA, CO

Climb Credit Union processed 1,011 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 584 loans with a 12.8% denial rate. Other was the primary loan purpose. Based in ARVADA, CO. The approval rate of 57.8% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Climb Credit Union's 57.8% origination rate tells you how often an application turned into funded money; the 12.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Other, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,011 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.

1,011
Applications
584
Originated
12.8%
Denial Rate
$146,256
Avg Loan Amount
Avg Interest Rate: 9.314% Avg Applicant Income: $39,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,011 584 129 $146,256

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Climb Credit Union (LEI: 549300RWXIW3CFTANH88) · 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 Approval rates exclude withdrawn / incomplete applications.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
89
Other
39
Credit history
24
Unverifiable information
7
Collateral
7
Employment history
2
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 460 263 $125,196
Home Improvement 349 212 $143,395
Refinancing 130 67 $160,538
Home Purchase 60 34 $231,167
Cash-out Refinancing 12 8 $457,500

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 765 60.8% 11.6%
Black or African American * 25 44.0% 16.0%
Asian * 22 45.5% 22.7%
Joint * 17 64.7% 11.8%
American Indian or Alaska Native * 11 45.5% 18.2%
2 or more minority races * 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 652 60.6% 12.1%
Hispanic or Latino 154 52.0% 13.6%
Joint 51 60.8% 19.6%

Nearby Lenders in CO

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

Pulte Mortgage LLC

Englewood, CO

28,004 apps 19,692 originated 10.9% denied

American Financing Corporation

AURORA, CO

25,138 apps 4,785 originated 52.0% denied

Ent Credit Union (68671)

COLORADO SPRINGS, CO

12,486 apps 7,861 originated 23.0% denied

Bellco Credit Union

GREENWOOD VILLAGE, CO

9,877 apps 4,150 originated 30.7% denied

Mortgage Solutions of Colorado

Colorado Springs, CO

9,759 apps 5,786 originated 3.7% denied
Compare Climb Credit Union vs Pulte Mortgage LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Climb Credit Union process?
Climb Credit Union processed 1,011 mortgage applications in the 2024 HMDA reporting year. Of these, 584 were originated (approved and funded), 225 were withdrawn by the applicant, and 129 were denied.
What is Climb Credit Union's mortgage approval rate?
Climb Credit Union has an approval (origination) rate of 57.8%, meaning 57.8% of all applications resulted in a funded mortgage. The denial rate is 12.8%.
What is the average loan amount at Climb Credit Union?
The average mortgage loan amount at Climb Credit Union is $146,256. The average interest rate is 9.314%. The average applicant income is $39,000.
What are the most common reasons for mortgage denial at Climb Credit Union?
The most common reasons for mortgage denial at Climb Credit Union are: Debt-to-income ratio, Other, Credit history. In total, 129 applications were denied out of 1,011 total applications.
What types of mortgage loans does Climb Credit Union offer?
Climb Credit Union processes Conventional loans. The most common type is Conventional with 1,011 applications and an average loan amount of $146,256.
What loan purposes does Climb Credit Union serve?
Climb Credit Union serves the following loan purposes: Other (460 applications), Home Improvement (349 applications), Refinancing (130 applications), Home Purchase (60 applications), Cash-out Refinancing (12 applications). Other is the most common purpose.
Where is Climb Credit Union located?
Climb Credit Union is headquartered in ARVADA, CO. The lender is identified by LEI 549300RWXIW3CFTANH88 in HMDA data.
How does Climb Credit Union compare in lending across racial demographics?
Climb Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 60.8% and denial rate of 11.6%; Black or African American applicants have an approval rate of 44.0% and denial rate of 16.0%; Asian applicants have an approval rate of 45.5% and denial rate of 22.7%. 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.