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On Tap Credit Union

GOLDEN, CO

On Tap Credit Union processed 204 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 123 loans with a 25.5% denial rate. Other was the primary loan purpose. Based in GOLDEN, CO. The approval rate of 60.3% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. On Tap Credit Union's 60.3% origination rate tells you how often an application turned into funded money; the 25.5% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (203 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
123
Originated
25.5%
Denial Rate
$173,333
Avg Loan Amount
Avg Interest Rate: 7.816% Avg Applicant Income: $40,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 203 123 51 $173,670
VA 1 0 1 $105,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for On Tap Credit Union (LEI: 549300BQPSF250Q8KQ79) · 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 Approval rates exclude withdrawn / incomplete applications.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
44
Debt-to-income ratio
41
Collateral
6
Credit history
3
Employment history
2
Credit application incomplete
2
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 71 46 $80,634
Home Improvement 51 34 $91,471
Home Purchase 41 20 $378,171
Refinancing 24 16 $185,833
Cash-out Refinancing 17 7 $294,412

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 153 60.1% 26.8%
Joint * 5 60.0% 20.0%
2 or more minority races * 1 0.0% 0.0%
American Indian or Alaska Native * 1 100.0% 0.0%
Black or African American * 1 0.0% 100.0%
Native Hawaiian or Other Pacific Islander * 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 126 63.5% 23.0%
Hispanic or Latino * 24 50.0% 37.5%
Joint * 15 46.7% 33.3%

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

Nearby Lenders in CO

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

Pulte Mortgage LLC

Englewood, CO

28,004 apps 19,692 originated 10.9% denied

American Financing Corporation

AURORA, CO

25,138 apps 4,785 originated 52.0% denied

Ent Credit Union (68671)

COLORADO SPRINGS, CO

12,486 apps 7,861 originated 23.0% denied

Bellco Credit Union

GREENWOOD VILLAGE, CO

9,877 apps 4,150 originated 30.7% denied

Mortgage Solutions of Colorado

Colorado Springs, CO

9,759 apps 5,786 originated 3.7% denied
Compare On Tap Credit Union vs Pulte Mortgage LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did On Tap Credit Union process?
On Tap Credit Union processed 204 mortgage applications in the 2024 HMDA reporting year. Of these, 123 were originated (approved and funded), 23 were withdrawn by the applicant, and 52 were denied.
What is On Tap Credit Union's mortgage approval rate?
On Tap Credit Union has an approval (origination) rate of 60.3%, meaning 60.3% of all applications resulted in a funded mortgage. The denial rate is 25.5%.
What is the average loan amount at On Tap Credit Union?
The average mortgage loan amount at On Tap Credit Union is $173,333. The average interest rate is 7.816%. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at On Tap Credit Union?
The most common reasons for mortgage denial at On Tap Credit Union are: Other, Debt-to-income ratio, Collateral. In total, 52 applications were denied out of 204 total applications.
What types of mortgage loans does On Tap Credit Union offer?
On Tap Credit Union processes Conventional, VA loans. The most common type is Conventional with 203 applications and an average loan amount of $173,670.
What loan purposes does On Tap Credit Union serve?
On Tap Credit Union serves the following loan purposes: Other (71 applications), Home Improvement (51 applications), Home Purchase (41 applications), Refinancing (24 applications), Cash-out Refinancing (17 applications). Other is the most common purpose.
Where is On Tap Credit Union located?
On Tap Credit Union is headquartered in GOLDEN, CO. The lender is identified by LEI 549300BQPSF250Q8KQ79 in HMDA data.
How does On Tap Credit Union compare in lending across racial demographics?
On Tap Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 60.1% and denial rate of 26.8%; Joint applicants have an approval rate of 60.0% and denial rate of 20.0%; 2 or more minority races 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.