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Wescom Central Credit Union

Pasadena, CA

Wescom Central Credit Union processed 3,915 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,931 loans with a 27.3% denial rate. Home Improvement was the primary loan purpose. Based in Pasadena, CA. 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Wescom Central Credit Union's 49.3% origination rate tells you how often an application turned into funded money; the 27.3% 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 (3,915 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.

3,915
Applications
1,931
Originated
27.3%
Denial Rate
$238,206
Avg Loan Amount
Avg Interest Rate: 9.138% Avg Applicant Income: $40,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 3,915 1,931 1,069 $238,206

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Wescom Central Credit Union (LEI: 549300C232ZWY1I57C16) · 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 Approval rates exclude withdrawn / incomplete applications.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
517
Other
215
Credit history
210
Collateral
50
Unverifiable information
43
Insufficient cash
18
Employment history
11
Credit application incomplete
10

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 1,794 1,008 $200,178
Other 1,568 703 $213,635
Home Purchase 400 166 $456,325
Cash-out Refinancing 77 31 $335,390
Refinancing 76 23 $396,316

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,665 56.5% 26.3%
Asian 454 54.0% 27.8%
Black or African American 243 45.3% 38.7%
Joint 117 64.1% 24.8%
American Indian or Alaska Native 52 48.1% 34.6%
2 or more minority races * 22 54.5% 31.8%
Native Hawaiian or Other Pacific Islander * 15 53.3% 6.7%

* 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 1,743 55.1% 27.0%
Hispanic or Latino 981 51.3% 31.3%
Joint 173 61.3% 23.1%

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 Wescom Central Credit Union vs Pennymac Loan Services LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Wescom Central Credit Union process?
Wescom Central Credit Union processed 3,915 mortgage applications in the 2024 HMDA reporting year. Of these, 1,931 were originated (approved and funded), 812 were withdrawn by the applicant, and 1,069 were denied.
What is Wescom Central Credit Union's mortgage approval rate?
Wescom Central 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 27.3%.
What is the average loan amount at Wescom Central Credit Union?
The average mortgage loan amount at Wescom Central Credit Union is $238,206. The average interest rate is 9.138%. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at Wescom Central Credit Union?
The most common reasons for mortgage denial at Wescom Central Credit Union are: Debt-to-income ratio, Other, Credit history. In total, 1,069 applications were denied out of 3,915 total applications.
What types of mortgage loans does Wescom Central Credit Union offer?
Wescom Central Credit Union processes Conventional loans. The most common type is Conventional with 3,915 applications and an average loan amount of $238,206.
What loan purposes does Wescom Central Credit Union serve?
Wescom Central Credit Union serves the following loan purposes: Home Improvement (1,794 applications), Other (1,568 applications), Home Purchase (400 applications), Cash-out Refinancing (77 applications), Refinancing (76 applications). Home Improvement is the most common purpose.
Where is Wescom Central Credit Union located?
Wescom Central Credit Union is headquartered in Pasadena, CA. The lender is identified by LEI 549300C232ZWY1I57C16 in HMDA data.
How does Wescom Central Credit Union compare in lending across racial demographics?
Wescom Central Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 56.5% and denial rate of 26.3%; Asian applicants have an approval rate of 54.0% and denial rate of 27.8%; Black or African American applicants have an approval rate of 45.3% and denial rate of 38.7%. 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.