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Proponent FCU

NUTLEY, NJ

Proponent FCU processed 526 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 312 loans with a 22.2% denial rate. Other was the primary loan purpose. Based in NUTLEY, NJ. The approval rate of 59.3% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Proponent FCU's 59.3% origination rate tells you how often an application turned into funded money; the 22.2% 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 (526 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.

526
Applications
312
Originated
22.2%
Denial Rate
$147,833
Avg Loan Amount
Avg Interest Rate: 7.453% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 526 312 117 $147,833

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Proponent FCU (LEI: 549300SI3EZ7U02L5E39) · 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 Approval rates exclude withdrawn / incomplete applications.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
67
Credit history
53
Collateral
11
Unverifiable information
5
Other
3
Credit application incomplete
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 192 104 $103,542
Home Improvement 173 113 $104,422
Refinancing 105 67 $162,619
Home Purchase 44 25 $439,773
Cash-out Refinancing 12 3 $282,500

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 318 64.8% 15.7%
Black or African American 81 45.7% 40.7%
Asian * 40 60.0% 10.0%
Joint * 13 46.1% 30.8%
Native Hawaiian or Other Pacific Islander * 6 50.0% 50.0%
American Indian or Alaska Native * 3 66.7% 33.3%
2 or more minority races * 1 0.0% 100.0%

* 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 367 60.8% 19.6%
Hispanic or Latino 84 48.8% 33.3%
Joint * 24 75.0% 12.5%

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

Nearby Lenders in NJ

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

TD Bank

Mount Laurel, NJ

56,179 apps 24,748 originated 26.1% denied

HomeBridge Financial Services, Inc

Iselin, NJ

20,428 apps 11,641 originated 24.9% denied

American Neighborhood Mortgage Acceptance Company

Mt. Laurel, NJ

15,393 apps 9,465 originated 2.1% denied

American Financial Resources LLC

PARSIPPANY, NJ

9,814 apps 5,214 originated 8.4% denied

Longbridge Financial, LLC

PARAMUS, NJ

9,231 apps 3,849 originated 8.7% denied
Compare Proponent FCU vs TD Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Proponent FCU process?
Proponent FCU processed 526 mortgage applications in the 2024 HMDA reporting year. Of these, 312 were originated (approved and funded), 88 were withdrawn by the applicant, and 117 were denied.
What is Proponent FCU's mortgage approval rate?
Proponent FCU has an approval (origination) rate of 59.3%, meaning 59.3% of all applications resulted in a funded mortgage. The denial rate is 22.2%.
What is the average loan amount at Proponent FCU?
The average mortgage loan amount at Proponent FCU is $147,833. The average interest rate is 7.453%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Proponent FCU?
The most common reasons for mortgage denial at Proponent FCU are: Debt-to-income ratio, Credit history, Collateral. In total, 117 applications were denied out of 526 total applications.
What types of mortgage loans does Proponent FCU offer?
Proponent FCU processes Conventional loans. The most common type is Conventional with 526 applications and an average loan amount of $147,833.
What loan purposes does Proponent FCU serve?
Proponent FCU serves the following loan purposes: Other (192 applications), Home Improvement (173 applications), Refinancing (105 applications), Home Purchase (44 applications), Cash-out Refinancing (12 applications). Other is the most common purpose.
Where is Proponent FCU located?
Proponent FCU is headquartered in NUTLEY, NJ. The lender is identified by LEI 549300SI3EZ7U02L5E39 in HMDA data.
How does Proponent FCU compare in lending across racial demographics?
Proponent FCU reports demographic lending data under HMDA requirements. White applicants have an approval rate of 64.8% and denial rate of 15.7%; Black or African American applicants have an approval rate of 45.7% and denial rate of 40.7%; Asian applicants have an approval rate of 60.0% and denial rate of 10.0%. 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.