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Partners 1st Federal Credit Union

FORT WAYNE, IN

Partners 1st Federal Credit Union processed 392 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 246 loans with a 14.5% denial rate. Cash-out Refinancing was the primary loan purpose. Based in FORT WAYNE, IN. The approval rate of 62.8% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Partners 1st Federal Credit Union's 62.8% origination rate tells you how often an application turned into funded money; the 14.5% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Credit application incomplete, which together explain the majority of rejections. Most activity concentrated in Conventional loans (392 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.

392
Applications
246
Originated
14.5%
Denial Rate
$125,816
Avg Loan Amount
Avg Interest Rate: 7.859% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 392 246 57 $125,816

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Partners 1st Federal Credit Union (LEI: 549300FHTPSIK7LBKD38) · 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 Approval rates exclude withdrawn / incomplete applications.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

Credit history
21
Debt-to-income ratio
21
Credit application incomplete
10
Collateral
7
Unverifiable information
4

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 218 131 $79,083
Home Purchase 85 50 $302,176
Home Improvement 63 54 $48,016
Refinancing 26 11 $129,615

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 294 67.3% 13.6%
Black or African American * 11 54.5% 18.2%
Joint * 5 80.0% 0.0%
Asian * 3 33.3% 0.0%
American Indian or Alaska Native * 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 279 68.5% 11.5%
Hispanic or Latino * 17 29.4% 58.8%
Joint * 3 66.7% 0.0%

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

Nearby Lenders in IN

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

Ruoff Mortgage Company

Fort Wayne, IN

15,781 apps 10,647 originated 6.8% denied

Old National Bank

Evansville, IN

14,346 apps 9,035 originated 24.1% denied

Royal United Mortgage LLC

Indianapolis, IN

10,163 apps 5,993 originated 26.6% denied

First Merchants Bank

MUNCIE, IN

8,454 apps 5,503 originated 16.4% denied

Gvc Mortgage, INC.

SUITE 200, IN

5,130 apps 4,188 originated 2.0% denied
Compare Partners 1st Federal Credit Union vs Ruoff Mortgage Company →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Partners 1st Federal Credit Union process?
Partners 1st Federal Credit Union processed 392 mortgage applications in the 2024 HMDA reporting year. Of these, 246 were originated (approved and funded), 77 were withdrawn by the applicant, and 57 were denied.
What is Partners 1st Federal Credit Union's mortgage approval rate?
Partners 1st Federal Credit Union has an approval (origination) rate of 62.8%, meaning 62.8% of all applications resulted in a funded mortgage. The denial rate is 14.5%.
What is the average loan amount at Partners 1st Federal Credit Union?
The average mortgage loan amount at Partners 1st Federal Credit Union is $125,816. The average interest rate is 7.859%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at Partners 1st Federal Credit Union?
The most common reasons for mortgage denial at Partners 1st Federal Credit Union are: Credit history, Debt-to-income ratio, Credit application incomplete. In total, 57 applications were denied out of 392 total applications.
What types of mortgage loans does Partners 1st Federal Credit Union offer?
Partners 1st Federal Credit Union processes Conventional loans. The most common type is Conventional with 392 applications and an average loan amount of $125,816.
What loan purposes does Partners 1st Federal Credit Union serve?
Partners 1st Federal Credit Union serves the following loan purposes: Cash-out Refinancing (218 applications), Home Purchase (85 applications), Home Improvement (63 applications), Refinancing (26 applications). Cash-out Refinancing is the most common purpose.
Where is Partners 1st Federal Credit Union located?
Partners 1st Federal Credit Union is headquartered in FORT WAYNE, IN. The lender is identified by LEI 549300FHTPSIK7LBKD38 in HMDA data.
How does Partners 1st Federal Credit Union compare in lending across racial demographics?
Partners 1st Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 67.3% and denial rate of 13.6%; Black or African American applicants have an approval rate of 54.5% and denial rate of 18.2%; Joint applicants have an approval rate of 80.0% 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.