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Granite State Credit Union

MANCHESTER, NH

Granite State Credit Union processed 550 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 242 loans with a 10.9% denial rate. Home Improvement was the primary loan purpose. Based in MANCHESTER, NH. The approval rate of 44.0% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Granite State Credit Union's 44.0% origination rate tells you how often an application turned into funded money; the 10.9% 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, Employment history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (550 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.

550
Applications
242
Originated
10.9%
Denial Rate
$176,309
Avg Loan Amount
Avg Interest Rate: 8.273% Avg Applicant Income: $41,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 550 242 60 $176,309

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Granite State Credit Union (LEI: 254900O6ESF124P8HR04) · 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 Approval rates exclude withdrawn / incomplete applications.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
45
Credit history
29
Employment history
10
Collateral
8
Other
6

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 181 98 $90,304
Home Purchase 159 28 $306,698
Cash-out Refinancing 149 75 $172,248
Other 51 37 $71,275
Refinancing 10 4 $256,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 480 45.0% 10.6%
Joint * 12 58.3% 0.0%
American Indian or Alaska Native * 9 33.3% 33.3%
Asian * 9 11.1% 22.2%
Black or African American * 6 50.0% 16.7%
2 or more minority races * 2 0.0% 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 456 44.1% 11.6%
Joint * 28 57.1% 7.1%
Hispanic or Latino * 23 30.4% 8.7%

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

Nearby Lenders in NH

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

Service Federal Credit Union

PORTSMOUTH, NH

3,501 apps 1,834 originated 26.9% denied

Lighthouse Federal Credit Union

PORTSMOUTH, NH

2,531 apps 1,206 originated 29.8% denied

Harborone Mortgage, LLC

MANCHESTER, NH

2,207 apps 1,557 originated 9.5% denied

St. Mary'S Bank Cu

MANCHESTER, NH

1,395 apps 883 originated 24.5% denied

Mascoma Bank

Lebanon, NH

1,244 apps 864 originated 15.4% denied
Compare Granite State Credit Union vs Service Federal Credit Union →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Granite State Credit Union process?
Granite State Credit Union processed 550 mortgage applications in the 2024 HMDA reporting year. Of these, 242 were originated (approved and funded), 91 were withdrawn by the applicant, and 60 were denied.
What is Granite State Credit Union's mortgage approval rate?
Granite State Credit Union has an approval (origination) rate of 44.0%, meaning 44.0% of all applications resulted in a funded mortgage. The denial rate is 10.9%.
What is the average loan amount at Granite State Credit Union?
The average mortgage loan amount at Granite State Credit Union is $176,309. The average interest rate is 8.273%. The average applicant income is $41,000.
What are the most common reasons for mortgage denial at Granite State Credit Union?
The most common reasons for mortgage denial at Granite State Credit Union are: Debt-to-income ratio, Credit history, Employment history. In total, 60 applications were denied out of 550 total applications.
What types of mortgage loans does Granite State Credit Union offer?
Granite State Credit Union processes Conventional loans. The most common type is Conventional with 550 applications and an average loan amount of $176,309.
What loan purposes does Granite State Credit Union serve?
Granite State Credit Union serves the following loan purposes: Home Improvement (181 applications), Home Purchase (159 applications), Cash-out Refinancing (149 applications), Other (51 applications), Refinancing (10 applications). Home Improvement is the most common purpose.
Where is Granite State Credit Union located?
Granite State Credit Union is headquartered in MANCHESTER, NH. The lender is identified by LEI 254900O6ESF124P8HR04 in HMDA data.
How does Granite State Credit Union compare in lending across racial demographics?
Granite State Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 45.0% and denial rate of 10.6%; Joint applicants have an approval rate of 58.3% and denial rate of 0.0%; American Indian or Alaska Native 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.