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The Health and Education Federal Credit Union

LEXINGTON, KY

The Health and Education Federal Credit Union processed 60 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 45 loans with a 11.7% denial rate. Other was the primary loan purpose. Based in LEXINGTON, KY. The approval rate of 75.0% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. The Health and Education Federal Credit Union's 75.0% origination rate tells you how often an application turned into funded money; the 11.7% 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 (60 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.

60
Applications
45
Originated
11.7%
Denial Rate
$83,667
Avg Loan Amount
Avg Interest Rate: 7.875% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 60 45 7 $83,667

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for The Health and Education Federal Credit Union (LEI: 254900DNIQ7KXCPZFR45) · 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 Approval rates exclude withdrawn / incomplete applications.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
4
Other
3
Credit history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 26 18 $57,692
Home Improvement 24 18 $57,500
Home Purchase 8 7 $210,000
Refinancing 1 1 $185,000
Cash-out Refinancing 1 1 $275,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White * 32 84.4% 9.4%
Black or African American * 17 64.7% 11.8%
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 50 74.0% 12.0%
Hispanic or Latino * 2 100.0% 0.0%

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

Nearby Lenders in KY

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

Stockton Mortgage Corporation

FRANKFORT, KY

12,011 apps 7,797 originated 6.5% denied

Liberty Federal Credit Union

Louisville, KY

6,132 apps 4,679 originated 7.9% denied

Farm Credit Mid-America, Aca

LOUISVILLE, KY

5,902 apps 4,311 originated 10.4% denied

Magnolia Bank

Elizabethtown, KY

5,338 apps 4,002 originated 7.8% denied

Republic Bank & Trust

LOUISVILLE, KY

3,866 apps 2,192 originated 13.1% denied
Compare The Health and Education Federal Credit Union vs Stockton Mortgage Corporation →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did The Health and Education Federal Credit Union process?
The Health and Education Federal Credit Union processed 60 mortgage applications in the 2024 HMDA reporting year. Of these, 45 were originated (approved and funded), 8 were withdrawn by the applicant, and 7 were denied.
What is The Health and Education Federal Credit Union's mortgage approval rate?
The Health and Education Federal Credit Union has an approval (origination) rate of 75.0%, meaning 75.0% of all applications resulted in a funded mortgage. The denial rate is 11.7%.
What is the average loan amount at The Health and Education Federal Credit Union?
The average mortgage loan amount at The Health and Education Federal Credit Union is $83,667. The average interest rate is 7.875%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at The Health and Education Federal Credit Union?
The most common reasons for mortgage denial at The Health and Education Federal Credit Union are: Debt-to-income ratio, Other, Credit history. In total, 7 applications were denied out of 60 total applications.
What types of mortgage loans does The Health and Education Federal Credit Union offer?
The Health and Education Federal Credit Union processes Conventional loans. The most common type is Conventional with 60 applications and an average loan amount of $83,667.
What loan purposes does The Health and Education Federal Credit Union serve?
The Health and Education Federal Credit Union serves the following loan purposes: Other (26 applications), Home Improvement (24 applications), Home Purchase (8 applications), Refinancing (1 applications), Cash-out Refinancing (1 applications). Other is the most common purpose.
Where is The Health and Education Federal Credit Union located?
The Health and Education Federal Credit Union is headquartered in LEXINGTON, KY. The lender is identified by LEI 254900DNIQ7KXCPZFR45 in HMDA data.
How does The Health and Education Federal Credit Union compare in lending across racial demographics?
The Health and Education Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 84.4% and denial rate of 9.4%; Black or African American applicants have an approval rate of 64.7% and denial rate of 11.8%; Joint applicants have an approval rate of 50.0% and denial rate of 50.0%. 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.