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Southwest Airlines FCU

DALLAS, TX

Southwest Airlines FCU processed 425 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 281 loans with a 33.6% denial rate. Cash-out Refinancing was the primary loan purpose. Based in DALLAS, TX. The approval rate of 66.1% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Southwest Airlines FCU's 66.1% 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 Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (425 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.

425
Applications
281
Originated
33.6%
Denial Rate
$132,976
Avg Loan Amount
Avg Interest Rate: 5.916% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 425 281 143 $132,976

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Southwest Airlines FCU (LEI: 549300DQLGJ1YQRRHH73) · 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 Approval rates exclude withdrawn / incomplete applications.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
91
Debt-to-income ratio
52
Collateral
23
Employment history
5
Insufficient cash
4
Unverifiable information
2
Other
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 261 177 $100,594
Home Improvement 71 51 $94,296
Home Purchase 52 49 $335,962
Refinancing 29 4 $173,276
Other 12 0 $89,167

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 83 78.3% 21.7%
Black or African American * 18 55.6% 44.4%
2 or more minority races * 2 0.0% 100.0%
Asian * 2 50.0% 50.0%
Joint * 2 50.0% 50.0%

* 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 75.3% 24.7%
Hispanic or Latino * 11 54.5% 45.5%
Joint * 9 66.7% 33.3%

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

Nearby Lenders in TX

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

Nationstar Mortgage

Coppell, TX

110,111 apps 41,693 originated 9.2% denied

DHI Mortgage Company, LTD.

Austin, TX

96,056 apps 70,673 originated 10.3% denied

PRIMELENDING

DALLAS, TX

36,578 apps 25,147 originated 5.3% denied

Credit Human Federal Credit Un

San Antonio, TX

28,052 apps 2,953 originated 75.7% denied

Usaa Bank

SAN ANTONIO, TX

28,020 apps 13,205 originated 23.5% denied
Compare Southwest Airlines FCU vs Nationstar Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Southwest Airlines FCU process?
Southwest Airlines FCU processed 425 mortgage applications in the 2024 HMDA reporting year. Of these, 281 were originated (approved and funded), and 143 were denied.
What is Southwest Airlines FCU's mortgage approval rate?
Southwest Airlines FCU has an approval (origination) rate of 66.1%, meaning 66.1% of all applications resulted in a funded mortgage. The denial rate is 33.6%.
What is the average loan amount at Southwest Airlines FCU?
The average mortgage loan amount at Southwest Airlines FCU is $132,976. The average interest rate is 5.916%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Southwest Airlines FCU?
The most common reasons for mortgage denial at Southwest Airlines FCU are: Credit history, Debt-to-income ratio, Collateral. In total, 143 applications were denied out of 425 total applications.
What types of mortgage loans does Southwest Airlines FCU offer?
Southwest Airlines FCU processes Conventional loans. The most common type is Conventional with 425 applications and an average loan amount of $132,976.
What loan purposes does Southwest Airlines FCU serve?
Southwest Airlines FCU serves the following loan purposes: Cash-out Refinancing (261 applications), Home Improvement (71 applications), Home Purchase (52 applications), Refinancing (29 applications), Other (12 applications). Cash-out Refinancing is the most common purpose.
Where is Southwest Airlines FCU located?
Southwest Airlines FCU is headquartered in DALLAS, TX. The lender is identified by LEI 549300DQLGJ1YQRRHH73 in HMDA data.
How does Southwest Airlines FCU compare in lending across racial demographics?
Southwest Airlines FCU reports demographic lending data under HMDA requirements. White applicants have an approval rate of 78.3% and denial rate of 21.7%; Black or African American applicants have an approval rate of 55.6% and denial rate of 44.4%; 2 or more minority races applicants have an approval rate of 0.0% and denial rate of 100.0%. 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.