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Palmetto Citizens Federal Cred

Columbia, SC

Palmetto Citizens Federal Cred processed 978 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 565 loans with a 25.8% denial rate. Refinancing was the primary loan purpose. Based in Columbia, SC. The approval rate of 57.8% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Palmetto Citizens Federal Cred's 57.8% origination rate tells you how often an application turned into funded money; the 25.8% 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 (964 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.

978
Applications
565
Originated
25.8%
Denial Rate
$110,634
Avg Loan Amount
Avg Interest Rate: 7.975% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 964 565 247 $108,838
FHA 10 0 5 $189,000
VA 4 0 0 $347,500

Top loan types - Palmetto Citizens Federal Cred

Top loan types - Palmetto Citizens Federal Cred Horizontal bar chart of the top 3 items by value (applications). Top loan types - Palmetto Citizens Federal Cred Top 3 1. Conventional 964 2. FHA 10 3. VA 4 Top 5 loan types by application volume at Palmetto Citizens Federal Cred (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Palmetto Citizens Federal Cred (LEI: 5493004JGZVB2EPI6W51) · 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
109
Credit history
96
Collateral
42
Credit application incomplete
32
Unverifiable information
21
Other
10
Employment history
2
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Refinancing 635 332 $106,228
Home Improvement 246 175 $82,114
Home Purchase 93 57 $217,473

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 526 66.0% 19.0%
Black or African American 238 54.2% 31.9%
Asian * 19 26.3% 36.8%
Joint * 8 50.0% 25.0%
Native Hawaiian or Other Pacific Islander * 5 40.0% 40.0%
2 or more minority races * 2 100.0% 0.0%
American Indian or Alaska Native * 2 50.0% 50.0%

* 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 760 62.2% 22.9%
Hispanic or Latino * 22 59.1% 36.4%
Joint * 12 33.3% 25.0%

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

Nearby Lenders in SC

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

Movement Mortgage, LLC

INDIAN LAND, SC

85,481 apps 61,255 originated 4.3% denied

United Community Bank

GREENVILLE, SC

10,368 apps 6,575 originated 24.1% denied

Lima One Capital, LLC

GREENVILLE, SC

6,362 apps 3,761 originated 20.8% denied

Sage Home Loans Corporation

Fort Mill, SC

3,899 apps 1,703 originated 6.7% denied

Founders Federal Credit Union

Lancaster, SC

3,620 apps 2,139 originated 25.8% denied
Compare Palmetto Citizens Federal Cred vs Movement Mortgage, LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Palmetto Citizens Federal Cred process?
Palmetto Citizens Federal Cred processed 978 mortgage applications in the 2024 HMDA reporting year. Of these, 565 were originated (approved and funded), 130 were withdrawn by the applicant, and 252 were denied.
What is Palmetto Citizens Federal Cred's mortgage approval rate?
Palmetto Citizens Federal Cred has an approval (origination) rate of 57.8%, meaning 57.8% of all applications resulted in a funded mortgage. The denial rate is 25.8%.
What is the average loan amount at Palmetto Citizens Federal Cred?
The average mortgage loan amount at Palmetto Citizens Federal Cred is $110,634. The average interest rate is 7.975%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Palmetto Citizens Federal Cred?
The most common reasons for mortgage denial at Palmetto Citizens Federal Cred are: Debt-to-income ratio, Credit history, Collateral. In total, 252 applications were denied out of 978 total applications.
What types of mortgage loans does Palmetto Citizens Federal Cred offer?
Palmetto Citizens Federal Cred processes Conventional, FHA, VA loans. The most common type is Conventional with 964 applications and an average loan amount of $108,838.
What loan purposes does Palmetto Citizens Federal Cred serve?
Palmetto Citizens Federal Cred serves the following loan purposes: Refinancing (635 applications), Home Improvement (246 applications), Home Purchase (93 applications). Refinancing is the most common purpose.
Where is Palmetto Citizens Federal Cred located?
Palmetto Citizens Federal Cred is headquartered in Columbia, SC. The lender is identified by LEI 5493004JGZVB2EPI6W51 in HMDA data.
How does Palmetto Citizens Federal Cred compare in lending across racial demographics?
Palmetto Citizens Federal Cred reports demographic lending data under HMDA requirements. White applicants have an approval rate of 66.0% and denial rate of 19.0%; Black or African American applicants have an approval rate of 54.2% and denial rate of 31.9%; Asian applicants have an approval rate of 26.3% and denial rate of 36.8%. 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.