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TruMark Financial Credit Union

Fort Washington, PA

TruMark Financial Credit Union processed 4,201 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 2,353 loans with a 25.0% denial rate. Home Improvement was the primary loan purpose. Based in Fort Washington, PA. The approval rate of 56.0% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. TruMark Financial Credit Union's 56.0% origination rate tells you how often an application turned into funded money; the 25.0% 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, Credit application incomplete, which together explain the majority of rejections. Most activity concentrated in Conventional loans (4,201 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.

4,201
Applications
2,353
Originated
25.0%
Denial Rate
$284,303
Avg Loan Amount
Avg Interest Rate: 7.780% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 4,201 2,353 1,051 $284,303

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for TruMark Financial Credit Union (LEI: 54930062IKKOJW3K8L94) · 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 Approval rates exclude withdrawn / incomplete applications.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
667
Debt-to-income ratio
274
Credit application incomplete
204
Other
137
Collateral
104
Unverifiable information
19
Insufficient cash
10
Employment history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 1,919 1,084 $135,297
Other 1,175 593 $527,911
Home Purchase 583 365 $355,823
Refinancing 452 273 $189,469
Cash-out Refinancing 72 38 $296,389

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 2,560 60.7% 21.1%
Black or African American 640 39.2% 40.8%
Asian 221 52.9% 29.9%
Joint * 48 52.1% 20.8%
Native Hawaiian or Other Pacific Islander * 31 19.4% 51.6%
American Indian or Alaska Native * 19 36.8% 42.1%
2 or more minority races * 6 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 3,163 56.8% 24.8%
Hispanic or Latino 261 39.5% 39.9%
Joint 61 68.8% 6.6%

Nearby Lenders in PA

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

Newrez LLC

FORT WASHINGTON, PA

248,242 apps 52,121 originated 11.5% denied

Pnc Bank N.A.

Pittsburgh, PA

127,108 apps 56,830 originated 25.4% denied

Spring Eq, LLC

RADNOR, PA

104,263 apps 31,186 originated 54.8% denied

Nvr Mortgage Finance, INC.

PITTSBURGH, PA

23,698 apps 17,311 originated 17.1% denied

First National Bank of PA

PITTSBURGH, PA

22,946 apps 13,057 originated 25.0% denied
Compare TruMark Financial Credit Union vs Newrez LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did TruMark Financial Credit Union process?
TruMark Financial Credit Union processed 4,201 mortgage applications in the 2024 HMDA reporting year. Of these, 2,353 were originated (approved and funded), 683 were withdrawn by the applicant, and 1,051 were denied.
What is TruMark Financial Credit Union's mortgage approval rate?
TruMark Financial Credit Union has an approval (origination) rate of 56.0%, meaning 56.0% of all applications resulted in a funded mortgage. The denial rate is 25.0%.
What is the average loan amount at TruMark Financial Credit Union?
The average mortgage loan amount at TruMark Financial Credit Union is $284,303. The average interest rate is 7.780%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at TruMark Financial Credit Union?
The most common reasons for mortgage denial at TruMark Financial Credit Union are: Credit history, Debt-to-income ratio, Credit application incomplete. In total, 1,051 applications were denied out of 4,201 total applications.
What types of mortgage loans does TruMark Financial Credit Union offer?
TruMark Financial Credit Union processes Conventional loans. The most common type is Conventional with 4,201 applications and an average loan amount of $284,303.
What loan purposes does TruMark Financial Credit Union serve?
TruMark Financial Credit Union serves the following loan purposes: Home Improvement (1,919 applications), Other (1,175 applications), Home Purchase (583 applications), Refinancing (452 applications), Cash-out Refinancing (72 applications). Home Improvement is the most common purpose.
Where is TruMark Financial Credit Union located?
TruMark Financial Credit Union is headquartered in Fort Washington, PA. The lender is identified by LEI 54930062IKKOJW3K8L94 in HMDA data.
How does TruMark Financial Credit Union compare in lending across racial demographics?
TruMark Financial Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 60.7% and denial rate of 21.1%; Black or African American applicants have an approval rate of 39.2% and denial rate of 40.8%; Asian applicants have an approval rate of 52.9% and denial rate of 29.9%. 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.