Lender profile · HMDA 2023–2025
Empower Federal Credit Union mortgage approval rates & lending data
Empower Federal Credit Union decided 8,115 mortgage applications and funded 6,743 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 | 93% | 1,958 / 2,108 | 97% | $175K | 1,901 |
| Home improvement loans | 80% | 2,824 / 3,532 | 98% | $55K | 2,781 |
| Cash-out refinance | 87% | 1,507 / 1,737 | 99% | $95K | 1,486 |
| Refinance | 83% | 453 / 544 | 98% | $85K | 445 |
| Investment property purchase | 89% | 99 / 111 | 97% | $125K | 96 |
| Investment cash-out refinance | 57% | 17 / 30 | 100% | $155K | 17 |
| Investment home improvement | 28% | 13 / 46 | 100% | $255K | 13 |
Empower Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New York | 85% | $95K | 8,052 | 6,687 |
| Florida | 96% | $225K | 27 | 24 |
| South Carolina | 100% | $285K | 13 | 12 |
| Connecticut | 75% | $1M | 8 | 6 |
| North Carolina | 86% | $225K | 7 | 6 |
| Pennsylvania | 100% | $155K | 6 | 6 |
| Tennessee | 100% | $275K | 2 | 2 |
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.