Lender profile · HMDA 2023–2025
Founders Federal Credit Union mortgage approval rates & lending data
Founders Federal Credit Union decided 5,545 mortgage applications and funded 4,007 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 | 81% | 2,017 / 2,481 | 96% | $265K | 1,945 |
| Home improvement loans | 72% | 991 / 1,367 | 94% | $65K | 935 |
| Cash-out refinance | 70% | 911 / 1,298 | 95% | $125K | 864 |
| Refinance | 67% | 165 / 246 | 93% | $215K | 154 |
| Investment property purchase | 86% | 86 / 100 | 97% | $245K | 83 |
| Investment home improvement | 57% | 17 / 30 | 82% | $75K | 14 |
Founders Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| South Carolina | 76% | $115K | 3,919 | 2,829 |
| North Carolina | 76% | $285K | 1,602 | 1,165 |
| Florida | 64% | $265K | 14 | 7 |
| Georgia | 25% | $1.24M | 4 | 1 |
| Pennsylvania | 50% | $65K | 2 | 1 |
| Tennessee | 100% | $365K | 2 | 2 |
| Alabama | 100% | $105K | 1 | 1 |
| District of Columbia | 100% | $1.19M | 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.