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Sharonview Federal CU

Indian Land, SC

Sharonview Federal CU processed 1,295 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 536 loans with a 50.6% denial rate. Other was the primary loan purpose. Based in Indian Land, SC. The approval rate of 41.4% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Sharonview Federal CU's 41.4% origination rate tells you how often an application turned into funded money; the 50.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Other, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,292 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.

1,295
Applications
536
Originated
50.6%
Denial Rate
$107,201
Avg Loan Amount
Avg Interest Rate: 8.752% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,292 536 655 $107,128
FHA 3 0 0 $138,333

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Sharonview Federal CU (LEI: 549300KRHOMDHAKS8L29) · 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 Approval rates exclude withdrawn / incomplete applications.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
236
Other
156
Collateral
136
Credit history
117
Unverifiable information
110
Credit application incomplete
41
Insufficient cash
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 597 239 $89,573
Home Improvement 496 220 $100,403
Refinancing 141 69 $151,241
Cash-out Refinancing 38 1 $167,105
Home Purchase 23 7 $342,391

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 541 55.5% 34.9%
Black or African American 161 33.5% 56.5%
Asian * 14 57.1% 35.7%
American Indian or Alaska Native * 6 16.7% 83.3%
Joint * 5 80.0% 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 663 52.2% 38.6%
Hispanic or Latino 57 31.6% 57.9%
Joint * 5 60.0% 20.0%

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

Nearby Lenders in SC

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

Movement Mortgage, LLC

INDIAN LAND, SC

85,481 apps 61,255 originated 4.3% denied

United Community Bank

GREENVILLE, SC

10,368 apps 6,575 originated 24.1% denied

Lima One Capital, LLC

GREENVILLE, SC

6,362 apps 3,761 originated 20.8% denied

Sage Home Loans Corporation

Fort Mill, SC

3,899 apps 1,703 originated 6.7% denied

Founders Federal Credit Union

Lancaster, SC

3,620 apps 2,139 originated 25.8% denied
Compare Sharonview Federal CU vs Movement Mortgage, LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Sharonview Federal CU process?
Sharonview Federal CU processed 1,295 mortgage applications in the 2024 HMDA reporting year. Of these, 536 were originated (approved and funded), 56 were withdrawn by the applicant, and 655 were denied.
What is Sharonview Federal CU's mortgage approval rate?
Sharonview Federal CU has an approval (origination) rate of 41.4%, meaning 41.4% of all applications resulted in a funded mortgage. The denial rate is 50.6%.
What is the average loan amount at Sharonview Federal CU?
The average mortgage loan amount at Sharonview Federal CU is $107,201. The average interest rate is 8.752%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Sharonview Federal CU?
The most common reasons for mortgage denial at Sharonview Federal CU are: Debt-to-income ratio, Other, Collateral. In total, 655 applications were denied out of 1,295 total applications.
What types of mortgage loans does Sharonview Federal CU offer?
Sharonview Federal CU processes Conventional, FHA loans. The most common type is Conventional with 1,292 applications and an average loan amount of $107,128.
What loan purposes does Sharonview Federal CU serve?
Sharonview Federal CU serves the following loan purposes: Other (597 applications), Home Improvement (496 applications), Refinancing (141 applications), Cash-out Refinancing (38 applications), Home Purchase (23 applications). Other is the most common purpose.
Where is Sharonview Federal CU located?
Sharonview Federal CU is headquartered in Indian Land, SC. The lender is identified by LEI 549300KRHOMDHAKS8L29 in HMDA data.
How does Sharonview Federal CU compare in lending across racial demographics?
Sharonview Federal CU reports demographic lending data under HMDA requirements. White applicants have an approval rate of 55.5% and denial rate of 34.9%; Black or African American applicants have an approval rate of 33.5% and denial rate of 56.5%; Asian applicants have an approval rate of 57.1% and denial rate of 35.7%. 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.