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Police and Fire Federal Credit Union

3333 STREET ROAD, PA

Police and Fire Federal Credit Union processed 12,994 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 6,631 loans with a 33.6% denial rate. Cash-out Refinancing was the primary loan purpose. Based in 3333 STREET ROAD, PA. The approval rate of 51.0% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Police and Fire Federal Credit Union's 51.0% origination rate tells you how often an application turned into funded money; the 33.6% 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 (12,994 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.

12,994
Applications
6,631
Originated
33.6%
Denial Rate
$93,032
Avg Loan Amount
Avg Interest Rate: 6.983% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 12,994 6,631 4,367 $93,032

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Police and Fire Federal Credit Union (LEI: 54930063XGNMIXS57091) · 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 Approval rates exclude withdrawn / incomplete applications.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
3,080
Credit history
2,472
Collateral
650
Employment history
78
Unverifiable information
15
Other
11
Insufficient cash
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 8,400 4,251 $91,342
Home Improvement 4,235 2,133 $77,942
Home Purchase 243 173 $331,296
Refinancing 116 74 $267,241

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 7,833 57.8% 27.1%
Black or African American 2,295 34.2% 51.9%
Asian 272 35.7% 47.1%
Joint 153 54.3% 36.0%
American Indian or Alaska Native 70 27.1% 51.4%
Native Hawaiian or Other Pacific Islander * 41 34.1% 48.8%
2 or more minority races * 28 21.4% 60.7%

* 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 9,583 52.8% 32.1%
Hispanic or Latino 872 34.5% 50.8%
Joint 228 63.6% 24.1%

Nearby Lenders in PA

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

Newrez LLC

FORT WASHINGTON, PA

248,242 apps 52,121 originated 11.5% denied

Pnc Bank N.A.

Pittsburgh, PA

127,108 apps 56,830 originated 25.4% denied

Spring Eq, LLC

RADNOR, PA

104,263 apps 31,186 originated 54.8% denied

Nvr Mortgage Finance, INC.

PITTSBURGH, PA

23,698 apps 17,311 originated 17.1% denied

First National Bank of PA

PITTSBURGH, PA

22,946 apps 13,057 originated 25.0% denied
Compare Police and Fire Federal Credit Union vs Newrez LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Police and Fire Federal Credit Union process?
Police and Fire Federal Credit Union processed 12,994 mortgage applications in the 2024 HMDA reporting year. Of these, 6,631 were originated (approved and funded), 1,017 were withdrawn by the applicant, and 4,367 were denied.
What is Police and Fire Federal Credit Union's mortgage approval rate?
Police and Fire Federal Credit Union has an approval (origination) rate of 51.0%, meaning 51.0% of all applications resulted in a funded mortgage. The denial rate is 33.6%.
What is the average loan amount at Police and Fire Federal Credit Union?
The average mortgage loan amount at Police and Fire Federal Credit Union is $93,032. The average interest rate is 6.983%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at Police and Fire Federal Credit Union?
The most common reasons for mortgage denial at Police and Fire Federal Credit Union are: Debt-to-income ratio, Credit history, Collateral. In total, 4,367 applications were denied out of 12,994 total applications.
What types of mortgage loans does Police and Fire Federal Credit Union offer?
Police and Fire Federal Credit Union processes Conventional loans. The most common type is Conventional with 12,994 applications and an average loan amount of $93,032.
What loan purposes does Police and Fire Federal Credit Union serve?
Police and Fire Federal Credit Union serves the following loan purposes: Cash-out Refinancing (8,400 applications), Home Improvement (4,235 applications), Home Purchase (243 applications), Refinancing (116 applications). Cash-out Refinancing is the most common purpose.
Where is Police and Fire Federal Credit Union located?
Police and Fire Federal Credit Union is headquartered in 3333 STREET ROAD, PA. The lender is identified by LEI 54930063XGNMIXS57091 in HMDA data.
How does Police and Fire Federal Credit Union compare in lending across racial demographics?
Police and Fire Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 57.8% and denial rate of 27.1%; Black or African American applicants have an approval rate of 34.2% and denial rate of 51.9%; Asian applicants have an approval rate of 35.7% and denial rate of 47.1%. 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.