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Texell Credit Union

TEMPLE, TX

Texell Credit Union processed 645 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 318 loans with a 29.6% denial rate. Other was the primary loan purpose. Based in TEMPLE, TX. The approval rate of 49.3% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Texell Credit Union's 49.3% 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 Debt-to-income ratio, Other, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (642 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.

645
Applications
318
Originated
29.6%
Denial Rate
$113,186
Avg Loan Amount
Avg Interest Rate: 7.243% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 642 318 189 $112,804
FHA 3 0 2 $195,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Texell Credit Union (LEI: 549300BDFK1ZR5QSYO15) · 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 Approval rates exclude withdrawn / incomplete applications.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
103
Other
78
Credit history
68
Collateral
8
Unverifiable information
6
Employment history
2
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 278 87 $80,647
Cash-out Refinancing 252 179 $109,206
Home Purchase 75 46 $207,667
Refinancing 21 5 $296,429
Home Improvement 19 1 $66,579

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 486 50.8% 28.8%
Black or African American * 42 28.6% 40.5%
Asian * 21 52.4% 33.3%
Joint * 10 70.0% 20.0%
American Indian or Alaska Native * 2 50.0% 50.0%
Native Hawaiian or Other Pacific Islander * 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 417 52.0% 27.3%
Hispanic or Latino 135 43.7% 35.6%
Joint * 32 50.0% 31.3%

* 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 Texell Credit Union vs Nationstar Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Texell Credit Union process?
Texell Credit Union processed 645 mortgage applications in the 2024 HMDA reporting year. Of these, 318 were originated (approved and funded), 90 were withdrawn by the applicant, and 191 were denied.
What is Texell Credit Union's mortgage approval rate?
Texell Credit Union has an approval (origination) rate of 49.3%, meaning 49.3% of all applications resulted in a funded mortgage. The denial rate is 29.6%.
What is the average loan amount at Texell Credit Union?
The average mortgage loan amount at Texell Credit Union is $113,186. The average interest rate is 7.243%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Texell Credit Union?
The most common reasons for mortgage denial at Texell Credit Union are: Debt-to-income ratio, Other, Credit history. In total, 191 applications were denied out of 645 total applications.
What types of mortgage loans does Texell Credit Union offer?
Texell Credit Union processes Conventional, FHA loans. The most common type is Conventional with 642 applications and an average loan amount of $112,804.
What loan purposes does Texell Credit Union serve?
Texell Credit Union serves the following loan purposes: Other (278 applications), Cash-out Refinancing (252 applications), Home Purchase (75 applications), Refinancing (21 applications), Home Improvement (19 applications). Other is the most common purpose.
Where is Texell Credit Union located?
Texell Credit Union is headquartered in TEMPLE, TX. The lender is identified by LEI 549300BDFK1ZR5QSYO15 in HMDA data.
How does Texell Credit Union compare in lending across racial demographics?
Texell Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 50.8% and denial rate of 28.8%; Black or African American applicants have an approval rate of 28.6% and denial rate of 40.5%; Asian applicants have an approval rate of 52.4% 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.