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Horizon Federal Credit Union

Williamsport, PA

Horizon Federal Credit Union processed 204 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 115 loans with a 19.1% denial rate. Home Improvement was the primary loan purpose. Based in Williamsport, PA. The approval rate of 56.4% 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. Horizon Federal Credit Union processed 204 HMDA-reported mortgage applications in 2024, originating 115 loans and denying 39 for a denial rate of 19.1% (applicants themselves withdrew 16 files before a decision). The average loan amount was $65,441 at a 7.960% average note rate, and applicants self-reported an average income of $33,000. The lender reports under LEI 549300UI713YO3L6SF02 from Williamsport, PA.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Horizon Federal Credit Union's 56.4% origination rate tells you how often an application turned into funded money; the 19.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Collateral, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (200 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.

204
Applications
115
Originated
19.1%
Denial Rate
$65,441
Avg Loan Amount
Avg Interest Rate: 7.960% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 200 114 38 $64,000
FHA 2 0 0 $135,000
USDA 2 1 1 $140,000

Top loan types — Horizon Federal Credit Union

Top loan types — Horizon Federal Credit Union Horizontal bar chart of the top 3 items by value (applications). Top loan types — Horizon Federal Credit Union Top 3 1. Conventional 200 2. FHA 2 3. USDA 2 Top 5 loan types by application volume at Horizon Federal Credit Union (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Horizon Federal Credit Union (LEI: 549300UI713YO3L6SF02) · 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

Credit history
20
Collateral
17
Debt-to-income ratio
8
Other
6
Employment history
3
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 63 33 $40,397
Other 53 32 $53,491
Cash-out Refinancing 34 22 $64,706
Home Purchase 32 13 $138,438
Refinancing 22 15 $60,909

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 200 56.5% 18.5%
Joint 2 100.0% 0.0%
Black or African American 1 0.0% 100.0%

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 195 56.4% 19.0%
Joint 5 40.0% 20.0%
Hispanic or Latino 3 100.0% 0.0%

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 Horizon Federal Credit Union vs NEWREZ LLC →

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

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Frequently Asked Questions

How many mortgage applications did Horizon Federal Credit Union process?
Horizon Federal Credit Union processed 204 mortgage applications in the 2023 HMDA reporting year. Of these, 115 were originated (approved and funded), 16 were withdrawn by the applicant, and 39 were denied.
What is Horizon Federal Credit Union's mortgage approval rate?
Horizon Federal Credit Union has an approval (origination) rate of 56.4%, meaning 56.4% of all applications resulted in a funded mortgage. The denial rate is 19.1%.
What is the average loan amount at Horizon Federal Credit Union?
The average mortgage loan amount at Horizon Federal Credit Union is $65,441. The average interest rate is 7.960%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at Horizon Federal Credit Union?
The most common reasons for mortgage denial at Horizon Federal Credit Union are: Credit history, Collateral, Debt-to-income ratio. In total, 39 applications were denied out of 204 total applications.
What types of mortgage loans does Horizon Federal Credit Union offer?
Horizon Federal Credit Union processes Conventional, FHA, USDA loans. The most common type is Conventional with 200 applications and an average loan amount of $64,000.
What loan purposes does Horizon Federal Credit Union serve?
Horizon Federal Credit Union serves the following loan purposes: Home Improvement (63 applications), Other (53 applications), Cash-out Refinancing (34 applications), Home Purchase (32 applications), Refinancing (22 applications). Home Improvement is the most common purpose.
Where is Horizon Federal Credit Union located?
Horizon Federal Credit Union is headquartered in Williamsport, PA. The lender is identified by LEI 549300UI713YO3L6SF02 in HMDA data.
How does Horizon Federal Credit Union compare in lending across racial demographics?
Horizon Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 56.5% and denial rate of 18.5%; Joint applicants have an approval rate of 100.0% and denial rate of 0.0%; Black or African American applicants have an approval rate of 0.0% and denial rate of 100.0%. 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.