Lender profile · HMDA 2023–2025
Covantage Credit Union mortgage approval rates & lending data
Covantage Credit Union decided 3,121 mortgage applications and funded 2,837 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 | 97% | 1,122 / 1,159 | 97% | $195K | 1,086 |
| Cash-out refinance | 89% | 576 / 647 | 96% | $105K | 552 |
| Refinance | 91% | 933 / 1,020 | 98% | $65K | 913 |
| Investment property purchase | 98% | 157 / 160 | 100% | $175K | 157 |
| Investment cash-out refinance | 96% | 79 / 82 | 97% | $115K | 77 |
| Investment refinance | 100% | 42 / 42 | 100% | $125K | 42 |
Covantage Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Wisconsin | 94% | $105K | 2,893 | 2,635 |
| Illinois | 91% | $245K | 190 | 168 |
| Florida | 100% | $255K | 22 | 21 |
| Arizona | 100% | $255K | 7 | 7 |
| Michigan | 80% | $125K | 5 | 3 |
| Minnesota | 100% | $195K | 3 | 3 |
| Texas | 100% | — | 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.