Lender profile · HMDA 2023–2025
Canvas Credit Union mortgage approval rates & lending data
Canvas Credit Union decided 5,818 mortgage applications and funded 5,076 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 98% | 1,206 / 1,230 | 100% | $505K | 1,201 |
| Home improvement loans | 89% | 2,863 / 3,220 | 96% | $75K | 2,757 |
| Cash-out refinance | 86% | 287 / 335 | 90% | $115K | 258 |
| Refinance | 90% | 634 / 706 | 99% | $155K | 628 |
| Investment property purchase | 97% | 62 / 64 | 100% | $255K | 62 |
| Investment cash-out refinance | 71% | 51 / 72 | 92% | $95K | 47 |
| Investment refinance | 83% | 50 / 60 | 100% | $255K | 50 |
| Investment home improvement | 64% | 84 / 131 | 87% | $95K | 73 |
Canvas Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Colorado | 90% | $75K | 5,736 | 5,010 |
| Washington | 86% | $185K | 29 | 25 |
| California | 67% | $165K | 12 | 8 |
| Utah | 88% | $335K | 8 | 6 |
| Florida | 83% | $55K | 6 | 5 |
| Arizona | 60% | $195K | 5 | 3 |
| Illinois | 100% | $145K | 5 | 5 |
| Wyoming | 100% | $375K | 4 | 4 |
| Georgia | 67% | $55K | 3 | 2 |
| Nevada | 100% | $155K | 3 | 3 |
| Kansas | 100% | $265K | 1 | 1 |
| Michigan | 100% | $85K | 1 | 1 |
| New Jersey | 100% | $205K | 1 | 1 |
| New Mexico | 100% | $265K | 1 | 1 |
| Oregon | 100% | $205K | 1 | 1 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.