PlainLender

FIRST SERVICE CREDIT UNION

HOUSTON, TX

FIRST SERVICE CREDIT UNION processed 556 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 372 loans with a 7.9% denial rate. Cash-out Refinancing was the primary loan purpose. Based in HOUSTON, TX. The approval rate of 66.9% 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. FIRST SERVICE CREDIT UNION processed 556 HMDA-reported mortgage applications in 2024, originating 372 loans and denying 44 for a denial rate of 7.9% (applicants themselves withdrew 115 files before a decision). The average loan amount was $149,406 at a 7.477% average note rate, and applicants self-reported an average income of $37,000. The lender reports under LEI 549300IH3DF6NS2IYJ30 from HOUSTON, TX.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. FIRST SERVICE CREDIT UNION's 66.9% origination rate tells you how often an application turned into funded money; the 7.9% 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 (556 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.

556
Applications
372
Originated
7.9%
Denial Rate
$149,406
Avg Loan Amount
Avg Interest Rate: 7.477% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 556 372 44 $149,406

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for FIRST SERVICE CREDIT UNION (LEI: 549300IH3DF6NS2IYJ30) · 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

Debt-to-income ratio
27
Other
8
Credit history
7
Collateral
3
Unverifiable information
2
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 415 262 $115,434
Home Purchase 125 103 $258,120
Refinancing 14 6 $192,143
Home Improvement 2 1 $105,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 327 71.0% 7.7%
Black or African American 102 58.8% 11.8%
Asian 37 67.6% 8.1%
American Indian or Alaska Native 17 58.8% 5.9%
Joint 9 88.9% 0.0%
2 or more minority races 2 50.0% 0.0%
Native Hawaiian or Other Pacific Islander 1 0.0% 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 282 73.0% 6.4%
Hispanic or Latino 207 64.3% 11.6%
Joint 14 71.4% 0.0%

Nearby Lenders in TX

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

Nationstar Mortgage

Coppell, TX

110,111 apps 41,693 originated 9.2% denied

DHI Mortgage Company, LTD.

Austin, TX

96,056 apps 70,673 originated 10.3% denied

PRIMELENDING

DALLAS, TX

36,578 apps 25,147 originated 5.3% denied

Credit Human Federal Credit Un

San Antonio, TX

28,052 apps 2,953 originated 75.7% denied

USAA BANK

SAN ANTONIO, TX

28,020 apps 13,205 originated 23.5% denied
Compare FIRST SERVICE CREDIT UNION vs Nationstar Mortgage →

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

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did FIRST SERVICE CREDIT UNION process?
FIRST SERVICE CREDIT UNION processed 556 mortgage applications in the 2023 HMDA reporting year. Of these, 372 were originated (approved and funded), 115 were withdrawn by the applicant, and 44 were denied.
What is FIRST SERVICE CREDIT UNION's mortgage approval rate?
FIRST SERVICE CREDIT UNION has an approval (origination) rate of 66.9%, meaning 66.9% of all applications resulted in a funded mortgage. The denial rate is 7.9%.
What is the average loan amount at FIRST SERVICE CREDIT UNION?
The average mortgage loan amount at FIRST SERVICE CREDIT UNION is $149,406. The average interest rate is 7.477%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at FIRST SERVICE CREDIT UNION?
The most common reasons for mortgage denial at FIRST SERVICE CREDIT UNION are: Debt-to-income ratio, Other, Credit history. In total, 44 applications were denied out of 556 total applications.
What types of mortgage loans does FIRST SERVICE CREDIT UNION offer?
FIRST SERVICE CREDIT UNION processes Conventional loans. The most common type is Conventional with 556 applications and an average loan amount of $149,406.
What loan purposes does FIRST SERVICE CREDIT UNION serve?
FIRST SERVICE CREDIT UNION serves the following loan purposes: Cash-out Refinancing (415 applications), Home Purchase (125 applications), Refinancing (14 applications), Home Improvement (2 applications). Cash-out Refinancing is the most common purpose.
Where is FIRST SERVICE CREDIT UNION located?
FIRST SERVICE CREDIT UNION is headquartered in HOUSTON, TX. The lender is identified by LEI 549300IH3DF6NS2IYJ30 in HMDA data.
How does FIRST SERVICE CREDIT UNION compare in lending across racial demographics?
FIRST SERVICE CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 71.0% and denial rate of 7.7%; Black or African American applicants have an approval rate of 58.8% and denial rate of 11.8%; Asian applicants have an approval rate of 67.6% and denial rate of 8.1%. 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.