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Santa Barbara Teachers Federal Credit Union

SANTA BARBARA, CA

Santa Barbara Teachers Federal Credit Union processed 29 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 26 loans with a 6.9% denial rate. Refinancing was the primary loan purpose. Based in SANTA BARBARA, CA. The approval rate of 89.7% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Santa Barbara Teachers Federal Credit Union's 89.7% origination rate tells you how often an application turned into funded money; the 6.9% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (29 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.

29
Applications
26
Originated
6.9%
Denial Rate
$117,759
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 29 26 2 $117,759

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Santa Barbara Teachers Federal Credit Union (LEI: 2549009PZCHF8GGHET49) · 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 Approval rates exclude withdrawn / incomplete applications.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

Collateral
1
Debt-to-income ratio
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Refinancing 29 26 $117,759

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White * 27 88.9% 7.4%
Asian * 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 * 18 83.3% 11.1%
Hispanic or Latino * 7 100.0% 0.0%
Joint * 4 100.0% 0.0%

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

Nearby Lenders in CA

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

Pennymac Loan Services LLC

WESTLAKE VILLAGE, CA

384,816 apps 67,294 originated 4.7% denied

Bank of America NA

Westlake Village, CA

233,637 apps 83,165 originated 34.6% denied

AmeriHome Mortgage Company, LLC

Thousand Oaks, CA

149,937 apps 6,250 originated 0.8% denied

Loandepot.Com, LLC

IRVINE, CA

142,924 apps 79,418 originated 23.3% denied

New American Funding, LLC.

TUSTIN, CA

118,479 apps 48,639 originated 11.1% denied
Compare Santa Barbara Teachers Federal Credit Union vs Pennymac Loan Services LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Santa Barbara Teachers Federal Credit Union process?
Santa Barbara Teachers Federal Credit Union processed 29 mortgage applications in the 2024 HMDA reporting year. Of these, 26 were originated (approved and funded), and 2 were denied.
What is Santa Barbara Teachers Federal Credit Union's mortgage approval rate?
Santa Barbara Teachers Federal Credit Union has an approval (origination) rate of 89.7%, meaning 89.7% of all applications resulted in a funded mortgage. The denial rate is 6.9%.
What is the average loan amount at Santa Barbara Teachers Federal Credit Union?
The average mortgage loan amount at Santa Barbara Teachers Federal Credit Union is $117,759. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at Santa Barbara Teachers Federal Credit Union?
The most common reasons for mortgage denial at Santa Barbara Teachers Federal Credit Union are: Collateral, Debt-to-income ratio. In total, 2 applications were denied out of 29 total applications.
What types of mortgage loans does Santa Barbara Teachers Federal Credit Union offer?
Santa Barbara Teachers Federal Credit Union processes Conventional loans. The most common type is Conventional with 29 applications and an average loan amount of $117,759.
What loan purposes does Santa Barbara Teachers Federal Credit Union serve?
Santa Barbara Teachers Federal Credit Union serves the following loan purposes: Refinancing (29 applications). Refinancing is the most common purpose.
Where is Santa Barbara Teachers Federal Credit Union located?
Santa Barbara Teachers Federal Credit Union is headquartered in SANTA BARBARA, CA. The lender is identified by LEI 2549009PZCHF8GGHET49 in HMDA data.
How does Santa Barbara Teachers Federal Credit Union compare in lending across racial demographics?
Santa Barbara Teachers Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 88.9% and denial rate of 7.4%; Asian applicants have an approval rate of 100.0% and denial rate of 0.0%; Joint applicants have an approval rate of 100.0% 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.