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Peach State Federal Credit Union

LAWRENCEVILLE, GA

Peach State Federal Credit Union processed 421 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 225 loans with a 23.3% denial rate. Home Improvement was the primary loan purpose. Based in LAWRENCEVILLE, GA. The approval rate of 53.4% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Peach State Federal Credit Union's 53.4% origination rate tells you how often an application turned into funded money; the 23.3% 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, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (420 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.

421
Applications
225
Originated
23.3%
Denial Rate
$146,449
Avg Loan Amount
Avg Interest Rate: 7.413% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 420 225 98 $146,571
FHA 1 0 0 $95,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Peach State Federal Credit Union (LEI: 549300BYOVJ9X6PKXV28) · 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 Approval rates exclude withdrawn / incomplete applications.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
57
Debt-to-income ratio
50
Collateral
32
Other
23
Unverifiable information
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 246 144 $70,041
Cash-out Refinancing 62 24 $234,677
Home Purchase 58 32 $380,000
Other 48 25 $100,208
Refinancing 7 0 $432,143

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 243 60.1% 18.5%
Black or African American 99 41.4% 35.4%
Asian * 12 33.3% 8.3%
2 or more minority races * 1 0.0% 0.0%
American Indian or Alaska Native * 1 100.0% 0.0%
Joint * 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 320 54.4% 20.9%
Hispanic or Latino * 14 50.0% 42.9%
Joint * 6 100.0% 0.0%

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

Nearby Lenders in GA

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

Amerisave Mortgage Company

SANDY SPRINGS, GA

107,775 apps 16,102 originated 69.0% denied

Ameris Bank

Atlanta, GA

20,452 apps 14,604 originated 7.8% denied

Equity Prime Mortgage LLC

Atlanta, GA

18,565 apps 10,954 originated 3.6% denied

Renasant Bank

JOHNS CREEK, GA

10,267 apps 7,420 originated 9.3% denied

Synovus Bank

COLUMBUS, GA

8,388 apps 5,114 originated 21.6% denied
Compare Peach State Federal Credit Union vs Amerisave Mortgage Company →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Peach State Federal Credit Union process?
Peach State Federal Credit Union processed 421 mortgage applications in the 2024 HMDA reporting year. Of these, 225 were originated (approved and funded), 56 were withdrawn by the applicant, and 98 were denied.
What is Peach State Federal Credit Union's mortgage approval rate?
Peach State Federal Credit Union has an approval (origination) rate of 53.4%, meaning 53.4% of all applications resulted in a funded mortgage. The denial rate is 23.3%.
What is the average loan amount at Peach State Federal Credit Union?
The average mortgage loan amount at Peach State Federal Credit Union is $146,449. The average interest rate is 7.413%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Peach State Federal Credit Union?
The most common reasons for mortgage denial at Peach State Federal Credit Union are: Credit history, Debt-to-income ratio, Collateral. In total, 98 applications were denied out of 421 total applications.
What types of mortgage loans does Peach State Federal Credit Union offer?
Peach State Federal Credit Union processes Conventional, FHA loans. The most common type is Conventional with 420 applications and an average loan amount of $146,571.
What loan purposes does Peach State Federal Credit Union serve?
Peach State Federal Credit Union serves the following loan purposes: Home Improvement (246 applications), Cash-out Refinancing (62 applications), Home Purchase (58 applications), Other (48 applications), Refinancing (7 applications). Home Improvement is the most common purpose.
Where is Peach State Federal Credit Union located?
Peach State Federal Credit Union is headquartered in LAWRENCEVILLE, GA. The lender is identified by LEI 549300BYOVJ9X6PKXV28 in HMDA data.
How does Peach State Federal Credit Union compare in lending across racial demographics?
Peach State Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 60.1% and denial rate of 18.5%; Black or African American applicants have an approval rate of 41.4% and denial rate of 35.4%; Asian applicants have an approval rate of 33.3% and denial rate of 8.3%. 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.