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Grove City Area Federal Credit Union

Grove City, PA

Grove City Area Federal Credit Union processed 173 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 114 loans with a 16.2% denial rate. Other was the primary loan purpose. Based in Grove City, PA. The approval rate of 65.9% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Grove City Area Federal Credit Union's 65.9% origination rate tells you how often an application turned into funded money; the 16.2% 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, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (173 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.

173
Applications
114
Originated
16.2%
Denial Rate
$69,335
Avg Loan Amount
Avg Interest Rate: 6.365% Avg Applicant Income: $31,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 173 114 28 $69,335

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Grove City Area Federal Credit Union (LEI: 254900XJCLA0W3K4J455) · 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 Approval rates exclude withdrawn / incomplete applications.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
15
Credit history
8
Collateral
7
Employment history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 66 42 $57,727
Home Improvement 52 40 $45,192
Cash-out Refinancing 24 22 $86,250
Home Purchase 22 3 $134,091
Refinancing 9 7 $90,556

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 172 66.3% 16.3%
Joint * 1 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 173 65.9% 16.2%

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 Grove City Area Federal Credit Union vs Newrez LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Grove City Area Federal Credit Union process?
Grove City Area Federal Credit Union processed 173 mortgage applications in the 2024 HMDA reporting year. Of these, 114 were originated (approved and funded), 16 were withdrawn by the applicant, and 28 were denied.
What is Grove City Area Federal Credit Union's mortgage approval rate?
Grove City Area Federal Credit Union has an approval (origination) rate of 65.9%, meaning 65.9% of all applications resulted in a funded mortgage. The denial rate is 16.2%.
What is the average loan amount at Grove City Area Federal Credit Union?
The average mortgage loan amount at Grove City Area Federal Credit Union is $69,335. The average interest rate is 6.365%. The average applicant income is $31,000.
What are the most common reasons for mortgage denial at Grove City Area Federal Credit Union?
The most common reasons for mortgage denial at Grove City Area Federal Credit Union are: Debt-to-income ratio, Credit history, Collateral. In total, 28 applications were denied out of 173 total applications.
What types of mortgage loans does Grove City Area Federal Credit Union offer?
Grove City Area Federal Credit Union processes Conventional loans. The most common type is Conventional with 173 applications and an average loan amount of $69,335.
What loan purposes does Grove City Area Federal Credit Union serve?
Grove City Area Federal Credit Union serves the following loan purposes: Other (66 applications), Home Improvement (52 applications), Cash-out Refinancing (24 applications), Home Purchase (22 applications), Refinancing (9 applications). Other is the most common purpose.
Where is Grove City Area Federal Credit Union located?
Grove City Area Federal Credit Union is headquartered in Grove City, PA. The lender is identified by LEI 254900XJCLA0W3K4J455 in HMDA data.
How does Grove City Area Federal Credit Union compare in lending across racial demographics?
Grove City Area Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 66.3% and denial rate of 16.3%; Joint applicants have an approval rate of 0.0% 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.