Lender profile · HMDA 2023–2025
TOWER Federal Credit Union mortgage approval rates & lending data
TOWER Federal Credit Union decided 11,204 mortgage applications and funded 7,549 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 | 72% | 1,291 / 1,804 | 95% | $245K | 1,232 |
| Home improvement loans | 68% | 4,310 / 6,355 | 98% | $105K | 4,240 |
| Cash-out refinance | 71% | 1,813 / 2,568 | 98% | $165K | 1,780 |
| Refinance | 70% | 113 / 162 | 97% | $445K | 110 |
| Investment property purchase | 77% | 132 / 171 | 98% | $135K | 129 |
| Investment cash-out refinance | 32% | 12 / 37 | 100% | $195K | 12 |
| Investment home improvement | 43% | 44 / 102 | 100% | $145K | 44 |
TOWER Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Maryland | 69% | $85K | 5,076 | 3,453 |
| Virginia | 72% | $155K | 1,894 | 1,326 |
| New Jersey | 67% | $155K | 734 | 484 |
| Pennsylvania | 68% | $105K | 657 | 432 |
| Florida | 64% | $125K | 402 | 248 |
| North Carolina | 71% | $195K | 379 | 259 |
| South Carolina | 71% | $115K | 272 | 190 |
| District of Columbia | 65% | $155K | 266 | 169 |
| Delaware | 77% | $135K | 231 | 174 |
| Illinois | 67% | $125K | 211 | 136 |
| Georgia | 68% | $105K | 194 | 130 |
| California | 60% | $155K | 182 | 109 |
| New York | 47% | $175K | 90 | 42 |
| Colorado | 64% | $155K | 76 | 49 |
| Massachusetts | 67% | $165K | 64 | 42 |
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.