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Pentagon Federal Credit Unioin

Alexandria, VA

Pentagon Federal Credit Unioin processed 28,887 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 10,514 loans with a 39.2% denial rate. Home Improvement was the primary loan purpose. Based in Alexandria, VA. The approval rate of 36.4% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Pentagon Federal Credit Unioin's 36.4% origination rate tells you how often an application turned into funded money; the 39.2% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Other, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (24,202 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.

28,887
Applications
10,514
Originated
39.2%
Denial Rate
$243,575
Avg Loan Amount
Avg Interest Rate: 8.191% Avg Applicant Income: $39,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 24,202 8,623 9,708 $212,233
VA 3,405 1,566 998 $433,035
FHA 1,280 325 609 $332,195

Top loan types - Pentagon Federal Credit Unioin

Top loan types - Pentagon Federal Credit Unioin Horizontal bar chart of the top 3 items by value (applications). Top loan types - Pentagon Federal Credit Unioin Top 3 1. Conventional 24,202 2. VA 3,405 3. FHA 1,280 Top 5 loan types by application volume at Pentagon Federal Credit Unioin (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 Pentagon Federal Credit Unioin (LEI: 549300FX7K8PTEQUU487) · 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
3,537
Other
3,248
Credit history
2,859
Collateral
2,036
Unverifiable information
290
Insufficient cash
119
Employment history
113

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 9,269 3,534 $136,479
Home Purchase 8,147 3,136 $403,325
Other 5,357 1,626 $125,465
Refinancing 3,980 1,729 $276,216
Cash-out Refinancing 2,134 489 $334,485

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 14,749 40.8% 35.8%
Black or African American 3,683 30.9% 46.5%
Asian 2,729 26.8% 46.0%
Joint 813 41.7% 34.2%
American Indian or Alaska Native 258 34.1% 46.5%
2 or more minority races 136 38.2% 39.0%
Native Hawaiian or Other Pacific Islander 110 28.2% 41.8%

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 18,970 37.8% 38.4%
Hispanic or Latino 3,746 32.8% 43.6%
Joint 761 42.0% 35.2%

Nearby Lenders in VA

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

Navy Federal Credit Union

Vienna, VA

182,680 apps 82,022 originated 23.9% denied

Prosperity Home Mortgage, LLC

CHANTILLY, VA

29,914 apps 20,115 originated 7.4% denied

Atlantic Bay Mortgage Group

VIRGINIA BEACH, VA

17,186 apps 13,415 originated 1.4% denied

First Heritage Mortgage, LLC

Fairfax, VA

7,733 apps 6,346 originated 1.6% denied

TowneBank

Portsmouth, VA

6,506 apps 5,063 originated 5.2% denied
Compare Pentagon Federal Credit Unioin vs Navy Federal Credit Union →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Pentagon Federal Credit Unioin process?
Pentagon Federal Credit Unioin processed 28,887 mortgage applications in the 2024 HMDA reporting year. Of these, 10,514 were originated (approved and funded), 4,539 were withdrawn by the applicant, and 11,315 were denied.
What is Pentagon Federal Credit Unioin's mortgage approval rate?
Pentagon Federal Credit Unioin has an approval (origination) rate of 36.4%, meaning 36.4% of all applications resulted in a funded mortgage. The denial rate is 39.2%.
What is the average loan amount at Pentagon Federal Credit Unioin?
The average mortgage loan amount at Pentagon Federal Credit Unioin is $243,575. The average interest rate is 8.191%. The average applicant income is $39,000.
What are the most common reasons for mortgage denial at Pentagon Federal Credit Unioin?
The most common reasons for mortgage denial at Pentagon Federal Credit Unioin are: Debt-to-income ratio, Other, Credit history. In total, 11,315 applications were denied out of 28,887 total applications.
What types of mortgage loans does Pentagon Federal Credit Unioin offer?
Pentagon Federal Credit Unioin processes Conventional, VA, FHA loans. The most common type is Conventional with 24,202 applications and an average loan amount of $212,233.
What loan purposes does Pentagon Federal Credit Unioin serve?
Pentagon Federal Credit Unioin serves the following loan purposes: Home Improvement (9,269 applications), Home Purchase (8,147 applications), Other (5,357 applications), Refinancing (3,980 applications), Cash-out Refinancing (2,134 applications). Home Improvement is the most common purpose.
Where is Pentagon Federal Credit Unioin located?
Pentagon Federal Credit Unioin is headquartered in Alexandria, VA. The lender is identified by LEI 549300FX7K8PTEQUU487 in HMDA data.
How does Pentagon Federal Credit Unioin compare in lending across racial demographics?
Pentagon Federal Credit Unioin reports demographic lending data under HMDA requirements. White applicants have an approval rate of 40.8% and denial rate of 35.8%; Black or African American applicants have an approval rate of 30.9% and denial rate of 46.5%; Asian applicants have an approval rate of 26.8% and denial rate of 46.0%. 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.