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Nymeo Federal Credit Union

Frederick, MD

Nymeo Federal Credit Union processed 247 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 245 loans with a 0.4% denial rate. Refinancing was the primary loan purpose. Based in Frederick, MD. The approval rate of 99.2% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Nymeo Federal Credit Union's 99.2% origination rate tells you how often an application turned into funded money; the 0.4% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (247 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.

247
Applications
245
Originated
0.4%
Denial Rate
$166,619
Avg Loan Amount
Avg Interest Rate: 8.238% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 247 245 1 $166,619

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Nymeo Federal Credit Union (LEI: 5493003PL2K1NXVSU388) · 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 Approval rates exclude withdrawn / incomplete applications.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
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Refinancing 238 237 $165,000
Home Purchase 9 8 $209,444

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 156 99.4% 0.6%
Asian * 3 100.0% 0.0%
Black or African American * 1 100.0% 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 158 99.4% 0.6%
Joint * 3 100.0% 0.0%

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

Nearby Lenders in MD

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

Lower, LLC

COLUMBIA, MD

27,730 apps 17,412 originated 9.4% denied

Nfm, INC

LINTHICUM, MD

22,075 apps 17,246 originated 1.9% denied

First Home Mortgage

Baltimore, MD

7,187 apps 5,538 originated 2.8% denied

Tower Federal Credit Union

LAUREL, MD

6,022 apps 3,449 originated 31.0% denied

State Employees Credit Union of Maryland

Linthicum, MD

5,814 apps 2,602 originated 42.7% denied
Compare Nymeo Federal Credit Union vs Lower, LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Nymeo Federal Credit Union process?
Nymeo Federal Credit Union processed 247 mortgage applications in the 2024 HMDA reporting year. Of these, 245 were originated (approved and funded), and 1 were denied.
What is Nymeo Federal Credit Union's mortgage approval rate?
Nymeo Federal Credit Union has an approval (origination) rate of 99.2%, meaning 99.2% of all applications resulted in a funded mortgage. The denial rate is 0.4%.
What is the average loan amount at Nymeo Federal Credit Union?
The average mortgage loan amount at Nymeo Federal Credit Union is $166,619. The average interest rate is 8.238%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Nymeo Federal Credit Union?
The most common reasons for mortgage denial at Nymeo Federal Credit Union are: Debt-to-income ratio. In total, 1 applications were denied out of 247 total applications.
What types of mortgage loans does Nymeo Federal Credit Union offer?
Nymeo Federal Credit Union processes Conventional loans. The most common type is Conventional with 247 applications and an average loan amount of $166,619.
What loan purposes does Nymeo Federal Credit Union serve?
Nymeo Federal Credit Union serves the following loan purposes: Refinancing (238 applications), Home Purchase (9 applications). Refinancing is the most common purpose.
Where is Nymeo Federal Credit Union located?
Nymeo Federal Credit Union is headquartered in Frederick, MD. The lender is identified by LEI 5493003PL2K1NXVSU388 in HMDA data.
How does Nymeo Federal Credit Union compare in lending across racial demographics?
Nymeo Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 99.4% and denial rate of 0.6%; Asian applicants have an approval rate of 100.0% and denial rate of 0.0%; 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.