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Freedom United Federal Credit Union

Rochester, PA

Freedom United Federal Credit Union processed 64 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 53 loans with a 9.4% denial rate. Cash-out Refinancing was the primary loan purpose. Based in Rochester, PA. The approval rate of 82.8% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Freedom United Federal Credit Union's 82.8% origination rate tells you how often an application turned into funded money; the 9.4% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (64 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.

64
Applications
53
Originated
9.4%
Denial Rate
$56,563
Avg Loan Amount
Avg Interest Rate: 6.151%

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 64 53 6 $56,563

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Freedom United Federal Credit Union (LEI: 254900XNCZ58J8OHZO17) · 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 Approval rates exclude withdrawn / incomplete applications.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
4
Collateral
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 34 27 $62,353
Home Improvement 19 16 $49,211
Other 9 8 $52,778
Refinancing 2 2 $45,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 62 82.3% 9.7%
Black or African American * 2 100.0% 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 63 84.1% 7.9%

Nearby Lenders in PA

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

Newrez LLC

FORT WASHINGTON, PA

248,242 apps 52,121 originated 11.5% denied

Pnc Bank N.A.

Pittsburgh, PA

127,108 apps 56,830 originated 25.4% denied

Spring Eq, LLC

RADNOR, PA

104,263 apps 31,186 originated 54.8% denied

Nvr Mortgage Finance, INC.

PITTSBURGH, PA

23,698 apps 17,311 originated 17.1% denied

First National Bank of PA

PITTSBURGH, PA

22,946 apps 13,057 originated 25.0% denied
Compare Freedom United Federal Credit Union vs Newrez LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Freedom United Federal Credit Union process?
Freedom United Federal Credit Union processed 64 mortgage applications in the 2024 HMDA reporting year. Of these, 53 were originated (approved and funded), 3 were withdrawn by the applicant, and 6 were denied.
What is Freedom United Federal Credit Union's mortgage approval rate?
Freedom United Federal Credit Union has an approval (origination) rate of 82.8%, meaning 82.8% of all applications resulted in a funded mortgage. The denial rate is 9.4%.
What is the average loan amount at Freedom United Federal Credit Union?
The average mortgage loan amount at Freedom United Federal Credit Union is $56,563. The average interest rate is 6.151%.
What are the most common reasons for mortgage denial at Freedom United Federal Credit Union?
The most common reasons for mortgage denial at Freedom United Federal Credit Union are: Debt-to-income ratio, Collateral. In total, 6 applications were denied out of 64 total applications.
What types of mortgage loans does Freedom United Federal Credit Union offer?
Freedom United Federal Credit Union processes Conventional loans. The most common type is Conventional with 64 applications and an average loan amount of $56,563.
What loan purposes does Freedom United Federal Credit Union serve?
Freedom United Federal Credit Union serves the following loan purposes: Cash-out Refinancing (34 applications), Home Improvement (19 applications), Other (9 applications), Refinancing (2 applications). Cash-out Refinancing is the most common purpose.
Where is Freedom United Federal Credit Union located?
Freedom United Federal Credit Union is headquartered in Rochester, PA. The lender is identified by LEI 254900XNCZ58J8OHZO17 in HMDA data.
How does Freedom United Federal Credit Union compare in lending across racial demographics?
Freedom United Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 82.3% and denial rate of 9.7%; Black or African American 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.