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Signal Financial FCU

KENSINGTON, MD

Signal Financial FCU processed 119 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 80 loans with a 14.3% denial rate. Cash-out Refinancing was the primary loan purpose. Based in KENSINGTON, MD. The approval rate of 67.2% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Signal Financial FCU's 67.2% origination rate tells you how often an application turned into funded money; the 14.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (119 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.

119
Applications
80
Originated
14.3%
Denial Rate
$196,429
Avg Loan Amount
Avg Interest Rate: 7.042% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 119 80 17 $196,429

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Signal Financial FCU (LEI: 549300ZM3AIJAKZITQ95) · 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 Approval rates exclude withdrawn / incomplete applications.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

Credit history
12
Debt-to-income ratio
7
Collateral
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 61 38 $155,164
Home Purchase 40 33 $289,500
Home Improvement 11 7 $143,182
Refinancing 6 2 $120,000
Other 1 0 $35,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White * 44 70.5% 11.4%
Black or African American * 42 59.5% 19.1%
Asian * 12 75.0% 16.7%
Joint * 3 100.0% 0.0%
Native Hawaiian or Other Pacific Islander * 1 0.0% 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 89 68.5% 14.6%
Hispanic or Latino * 9 77.8% 11.1%
Joint * 3 33.3% 33.3%

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

Nearby Lenders in MD

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

Lower, LLC

COLUMBIA, MD

27,730 apps 17,412 originated 9.4% denied

Nfm, INC

LINTHICUM, MD

22,075 apps 17,246 originated 1.9% denied

First Home Mortgage

Baltimore, MD

7,187 apps 5,538 originated 2.8% denied

Tower Federal Credit Union

LAUREL, MD

6,022 apps 3,449 originated 31.0% denied

State Employees Credit Union of Maryland

Linthicum, MD

5,814 apps 2,602 originated 42.7% denied
Compare Signal Financial FCU vs Lower, LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Signal Financial FCU process?
Signal Financial FCU processed 119 mortgage applications in the 2024 HMDA reporting year. Of these, 80 were originated (approved and funded), 12 were withdrawn by the applicant, and 17 were denied.
What is Signal Financial FCU's mortgage approval rate?
Signal Financial FCU has an approval (origination) rate of 67.2%, meaning 67.2% of all applications resulted in a funded mortgage. The denial rate is 14.3%.
What is the average loan amount at Signal Financial FCU?
The average mortgage loan amount at Signal Financial FCU is $196,429. The average interest rate is 7.042%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at Signal Financial FCU?
The most common reasons for mortgage denial at Signal Financial FCU are: Credit history, Debt-to-income ratio, Collateral. In total, 17 applications were denied out of 119 total applications.
What types of mortgage loans does Signal Financial FCU offer?
Signal Financial FCU processes Conventional loans. The most common type is Conventional with 119 applications and an average loan amount of $196,429.
What loan purposes does Signal Financial FCU serve?
Signal Financial FCU serves the following loan purposes: Cash-out Refinancing (61 applications), Home Purchase (40 applications), Home Improvement (11 applications), Refinancing (6 applications), Other (1 applications). Cash-out Refinancing is the most common purpose.
Where is Signal Financial FCU located?
Signal Financial FCU is headquartered in KENSINGTON, MD. The lender is identified by LEI 549300ZM3AIJAKZITQ95 in HMDA data.
How does Signal Financial FCU compare in lending across racial demographics?
Signal Financial FCU reports demographic lending data under HMDA requirements. White applicants have an approval rate of 70.5% and denial rate of 11.4%; Black or African American applicants have an approval rate of 59.5% and denial rate of 19.1%; Asian applicants have an approval rate of 75.0% and denial rate of 16.7%. 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.