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Truwest Credit Union

TEMPE, AZ

Truwest Credit Union processed 1,406 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 854 loans with a 23.2% denial rate. Other was the primary loan purpose. Based in TEMPE, AZ. The approval rate of 60.7% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Truwest Credit Union's 60.7% origination rate tells you how often an application turned into funded money; the 23.2% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,406 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.

1,406
Applications
854
Originated
23.2%
Denial Rate
$210,064
Avg Loan Amount
Avg Interest Rate: 8.386% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,406 854 326 $210,064

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Truwest Credit Union (LEI: 549300XYLNCM8KWF7B15) · 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 Approval rates exclude withdrawn / incomplete applications.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
180
Credit history
99
Collateral
34
Other
19
Credit application incomplete
11
Insufficient cash
6
Unverifiable information
1
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 768 441 $141,302
Home Purchase 361 250 $317,244
Cash-out Refinancing 237 143 $272,848
Refinancing 28 12 $197,857
Home Improvement 12 8 $175,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 873 62.1% 22.4%
Asian 113 61.1% 15.0%
Black or African American * 44 65.9% 27.3%
Joint * 19 73.7% 15.8%
American Indian or Alaska Native * 11 36.4% 63.6%
2 or more minority races * 5 40.0% 40.0%
Native Hawaiian or Other Pacific Islander * 3 66.7% 33.3%

* 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 837 61.9% 22.8%
Hispanic or Latino 224 61.6% 22.8%
Joint * 49 57.1% 18.4%

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

Nearby Lenders in AZ

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

The Loan Store, Inc

Tucson, AZ

37,522 apps 23,548 originated 12.7% denied

Desert Financial Credit Union

Phoenix, AZ

14,881 apps 8,747 originated 30.3% denied

V.I.P. Mortgage, INC.

SCOTTSDALE, AZ

10,272 apps 6,989 originated 2.0% denied

Geneva Financial LLC

Chandler, AZ

9,015 apps 5,938 originated 2.7% denied

Nova Financial & Investment Corporation

Tucson, AZ

6,917 apps 4,748 originated 5.3% denied
Compare Truwest Credit Union vs The Loan Store, Inc →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Truwest Credit Union process?
Truwest Credit Union processed 1,406 mortgage applications in the 2024 HMDA reporting year. Of these, 854 were originated (approved and funded), 179 were withdrawn by the applicant, and 326 were denied.
What is Truwest Credit Union's mortgage approval rate?
Truwest Credit Union has an approval (origination) rate of 60.7%, meaning 60.7% of all applications resulted in a funded mortgage. The denial rate is 23.2%.
What is the average loan amount at Truwest Credit Union?
The average mortgage loan amount at Truwest Credit Union is $210,064. The average interest rate is 8.386%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Truwest Credit Union?
The most common reasons for mortgage denial at Truwest Credit Union are: Debt-to-income ratio, Credit history, Collateral. In total, 326 applications were denied out of 1,406 total applications.
What types of mortgage loans does Truwest Credit Union offer?
Truwest Credit Union processes Conventional loans. The most common type is Conventional with 1,406 applications and an average loan amount of $210,064.
What loan purposes does Truwest Credit Union serve?
Truwest Credit Union serves the following loan purposes: Other (768 applications), Home Purchase (361 applications), Cash-out Refinancing (237 applications), Refinancing (28 applications), Home Improvement (12 applications). Other is the most common purpose.
Where is Truwest Credit Union located?
Truwest Credit Union is headquartered in TEMPE, AZ. The lender is identified by LEI 549300XYLNCM8KWF7B15 in HMDA data.
How does Truwest Credit Union compare in lending across racial demographics?
Truwest Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 62.1% and denial rate of 22.4%; Asian applicants have an approval rate of 61.1% and denial rate of 15.0%; Black or African American applicants have an approval rate of 65.9% and denial rate of 27.3%. 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.