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Fall River Municipal Credit Un

FALL RIVER, MA

Fall River Municipal Credit Un processed 264 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 142 loans with a 28.8% denial rate. Home Purchase was the primary loan purpose. Based in FALL RIVER, MA. The approval rate of 53.8% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Fall River Municipal Credit Un's 53.8% origination rate tells you how often an application turned into funded money; the 28.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Unverifiable information, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (264 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.

264
Applications
142
Originated
28.8%
Denial Rate
$146,023
Avg Loan Amount
Avg Interest Rate: 6.912% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 264 142 76 $146,023

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Fall River Municipal Credit Un (LEI: 254900XIGAR8HM0KJZ26) · 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 Approval rates exclude withdrawn / incomplete applications.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

Other
35
Unverifiable information
24
Debt-to-income ratio
19
Credit history
9
Collateral
5
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 147 66 $167,721
Home Improvement 43 29 $85,233
Other 27 17 $70,185
Cash-out Refinancing 26 17 $178,846
Refinancing 21 13 $175,476

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 242 54.5% 28.9%
Black or African American * 6 33.3% 16.7%
2 or more minority races * 3 33.3% 33.3%
Asian * 2 0.0% 100.0%
Joint * 1 100.0% 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
Not Hispanic or Latino 224 55.4% 28.1%
Hispanic or Latino * 13 30.8% 30.8%
Joint * 10 50.0% 40.0%

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

Nearby Lenders in MA

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

Digital Federal Credit Union

Marlborough, MA

11,503 apps 4,232 originated 23.0% denied

Leader Bank NA

Arlington, MA

6,683 apps 5,398 originated 2.6% denied

Rockland Trust Bank

BROCKTON, MA

5,681 apps 2,932 originated 30.2% denied

Eastern Bank

Lynn, MA

5,146 apps 3,130 originated 29.4% denied

Cape Cod Five Cents Savings Bank

HYANNIS, MA

2,836 apps 2,014 originated 10.2% denied
Compare Fall River Municipal Credit Un vs Digital Federal Credit Union →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Fall River Municipal Credit Un process?
Fall River Municipal Credit Un processed 264 mortgage applications in the 2024 HMDA reporting year. Of these, 142 were originated (approved and funded), 38 were withdrawn by the applicant, and 76 were denied.
What is Fall River Municipal Credit Un's mortgage approval rate?
Fall River Municipal Credit Un has an approval (origination) rate of 53.8%, meaning 53.8% of all applications resulted in a funded mortgage. The denial rate is 28.8%.
What is the average loan amount at Fall River Municipal Credit Un?
The average mortgage loan amount at Fall River Municipal Credit Un is $146,023. The average interest rate is 6.912%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at Fall River Municipal Credit Un?
The most common reasons for mortgage denial at Fall River Municipal Credit Un are: Other, Unverifiable information, Debt-to-income ratio. In total, 76 applications were denied out of 264 total applications.
What types of mortgage loans does Fall River Municipal Credit Un offer?
Fall River Municipal Credit Un processes Conventional loans. The most common type is Conventional with 264 applications and an average loan amount of $146,023.
What loan purposes does Fall River Municipal Credit Un serve?
Fall River Municipal Credit Un serves the following loan purposes: Home Purchase (147 applications), Home Improvement (43 applications), Other (27 applications), Cash-out Refinancing (26 applications), Refinancing (21 applications). Home Purchase is the most common purpose.
Where is Fall River Municipal Credit Un located?
Fall River Municipal Credit Un is headquartered in FALL RIVER, MA. The lender is identified by LEI 254900XIGAR8HM0KJZ26 in HMDA data.
How does Fall River Municipal Credit Un compare in lending across racial demographics?
Fall River Municipal Credit Un reports demographic lending data under HMDA requirements. White applicants have an approval rate of 54.5% and denial rate of 28.9%; Black or African American applicants have an approval rate of 33.3% and denial rate of 16.7%; 2 or more minority races applicants have an approval rate of 33.3% and denial rate of 33.3%. 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.