Lender profile · HMDA 2023–2025
Redstone Federal Credit Union mortgage approval rates & lending data
Redstone Federal Credit Union decided 8,712 mortgage applications and funded 6,166 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 | 91% | 1,632 / 1,792 | 93% | $225K | 1,517 |
| Home improvement loans | 73% | 2,602 / 3,562 | 86% | $55K | 2,245 |
| Cash-out refinance | 70% | 488 / 702 | 99% | $125K | 481 |
| Refinance | 82% | 1,605 / 1,959 | 94% | $95K | 1,504 |
| Investment property purchase | 77% | 126 / 163 | 91% | $155K | 115 |
| Investment cash-out refinance | 56% | 19 / 34 | 100% | $115K | 19 |
| Investment refinance | 72% | 98 / 136 | 88% | $75K | 86 |
| Investment home improvement | 66% | 242 / 364 | 82% | $55K | 199 |
Redstone Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Alabama | 79% | $95K | 7,708 | 5,503 |
| Tennessee | 71% | $105K | 998 | 662 |
| Florida | 0% | — | 2 | 0 |
| Massachusetts | 0% | — | 1 | 0 |
| Mississippi | 100% | $65K | 1 | 1 |
| New Jersey | 0% | — | 1 | 0 |
| Pennsylvania | 0% | — | 1 | 0 |
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.