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Strata Credit Union

BAKERSFIELD, CA

Strata Credit Union processed 233 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 147 loans with a 29.6% denial rate. Other was the primary loan purpose. Based in BAKERSFIELD, CA. The approval rate of 63.1% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Strata Credit Union's 63.1% origination rate tells you how often an application turned into funded money; the 29.6% 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, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (233 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.

233
Applications
147
Originated
29.6%
Denial Rate
$105,429
Avg Loan Amount
Avg Interest Rate: 7.452% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 233 147 69 $105,429

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Strata Credit Union (LEI: 549300NXYX3K4WQSGJ17) · 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 Approval rates exclude withdrawn / incomplete applications.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
36
Debt-to-income ratio
34
Other
28
Unverifiable information
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 114 78 $67,895
Home Improvement 81 53 $60,679
Cash-out Refinancing 17 5 $215,588
Home Purchase 13 10 $501,923
Refinancing 8 1 $215,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 190 65.3% 29.5%
Black or African American * 9 66.7% 22.2%
Asian * 6 50.0% 33.3%
Joint * 6 66.7% 16.7%
American Indian or Alaska Native * 2 50.0% 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
Hispanic or Latino 120 55.0% 40.0%
Not Hispanic or Latino 94 73.4% 18.1%
Joint * 10 70.0% 20.0%

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

Nearby Lenders in 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 Strata Credit Union vs Pennymac Loan Services LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Strata Credit Union process?
Strata Credit Union processed 233 mortgage applications in the 2024 HMDA reporting year. Of these, 147 were originated (approved and funded), 13 were withdrawn by the applicant, and 69 were denied.
What is Strata Credit Union's mortgage approval rate?
Strata Credit Union has an approval (origination) rate of 63.1%, meaning 63.1% of all applications resulted in a funded mortgage. The denial rate is 29.6%.
What is the average loan amount at Strata Credit Union?
The average mortgage loan amount at Strata Credit Union is $105,429. The average interest rate is 7.452%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Strata Credit Union?
The most common reasons for mortgage denial at Strata Credit Union are: Credit history, Debt-to-income ratio, Other. In total, 69 applications were denied out of 233 total applications.
What types of mortgage loans does Strata Credit Union offer?
Strata Credit Union processes Conventional loans. The most common type is Conventional with 233 applications and an average loan amount of $105,429.
What loan purposes does Strata Credit Union serve?
Strata Credit Union serves the following loan purposes: Other (114 applications), Home Improvement (81 applications), Cash-out Refinancing (17 applications), Home Purchase (13 applications), Refinancing (8 applications). Other is the most common purpose.
Where is Strata Credit Union located?
Strata Credit Union is headquartered in BAKERSFIELD, CA. The lender is identified by LEI 549300NXYX3K4WQSGJ17 in HMDA data.
How does Strata Credit Union compare in lending across racial demographics?
Strata Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 65.3% and denial rate of 29.5%; Black or African American applicants have an approval rate of 66.7% and denial rate of 22.2%; Asian applicants have an approval rate of 50.0% and denial rate of 33.3%. 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.