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Jovia Financial Federal Credit

Westbury, NY

Jovia Financial Federal Credit processed 3,414 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,647 loans with a 45.1% denial rate. Home Improvement was the primary loan purpose. Based in Westbury, NY. The approval rate of 48.2% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Jovia Financial Federal Credit's 48.2% origination rate tells you how often an application turned into funded money; the 45.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Debt-to-income ratio, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (3,414 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.

3,414
Applications
1,647
Originated
45.1%
Denial Rate
$223,781
Avg Loan Amount
Avg Interest Rate: 7.203% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 3,414 1,647 1,541 $223,781

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Jovia Financial Federal Credit (LEI: 549300T7DF901BR7V258) · 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 Approval rates exclude withdrawn / incomplete applications.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

Other
842
Debt-to-income ratio
774
Credit history
423
Collateral
323
Unverifiable information
83
Insufficient cash
21
Credit application incomplete
5
Employment history
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 1,566 774 $211,220
Other 1,174 561 $147,726
Refinancing 422 219 $321,919
Home Purchase 199 82 $450,075
Cash-out Refinancing 53 11 $648,585

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 2,189 54.1% 39.5%
Black or African American 432 33.3% 60.0%
Asian 256 38.7% 54.7%
Joint 54 57.4% 40.7%
American Indian or Alaska Native * 30 33.3% 63.3%
Native Hawaiian or Other Pacific Islander * 24 41.7% 54.2%
2 or more minority races * 12 33.3% 58.3%

* 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 2,422 50.3% 43.1%
Hispanic or Latino 492 39.4% 56.1%
Joint 114 65.8% 28.9%

Nearby Lenders in NY

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

Citibank, NA

New York, NY

54,575 apps 14,104 originated 8.6% denied

M&T Bank

BUFFALO, NY

36,377 apps 20,743 originated 30.9% denied

Loan Funder LLC

New York, NY

23,955 apps 10,690 originated 11.6% denied

Bethpage Federal Credit Union

BETHPAGE, NY

21,186 apps 9,086 originated 44.3% denied

Better Mortgage Corporation

New York, NY

18,219 apps 5,450 originated 11.3% denied
Compare Jovia Financial Federal Credit vs Citibank, NA →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Jovia Financial Federal Credit process?
Jovia Financial Federal Credit processed 3,414 mortgage applications in the 2024 HMDA reporting year. Of these, 1,647 were originated (approved and funded), 62 were withdrawn by the applicant, and 1,541 were denied.
What is Jovia Financial Federal Credit's mortgage approval rate?
Jovia Financial Federal Credit has an approval (origination) rate of 48.2%, meaning 48.2% of all applications resulted in a funded mortgage. The denial rate is 45.1%.
What is the average loan amount at Jovia Financial Federal Credit?
The average mortgage loan amount at Jovia Financial Federal Credit is $223,781. The average interest rate is 7.203%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Jovia Financial Federal Credit?
The most common reasons for mortgage denial at Jovia Financial Federal Credit are: Other, Debt-to-income ratio, Credit history. In total, 1,541 applications were denied out of 3,414 total applications.
What types of mortgage loans does Jovia Financial Federal Credit offer?
Jovia Financial Federal Credit processes Conventional loans. The most common type is Conventional with 3,414 applications and an average loan amount of $223,781.
What loan purposes does Jovia Financial Federal Credit serve?
Jovia Financial Federal Credit serves the following loan purposes: Home Improvement (1,566 applications), Other (1,174 applications), Refinancing (422 applications), Home Purchase (199 applications), Cash-out Refinancing (53 applications). Home Improvement is the most common purpose.
Where is Jovia Financial Federal Credit located?
Jovia Financial Federal Credit is headquartered in Westbury, NY. The lender is identified by LEI 549300T7DF901BR7V258 in HMDA data.
How does Jovia Financial Federal Credit compare in lending across racial demographics?
Jovia Financial Federal Credit reports demographic lending data under HMDA requirements. White applicants have an approval rate of 54.1% and denial rate of 39.5%; Black or African American applicants have an approval rate of 33.3% and denial rate of 60.0%; Asian applicants have an approval rate of 38.7% and denial rate of 54.7%. 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.