Lender profile · HMDA 2023–2025
State Department Federal Credit Union mortgage approval rates & lending data
State Department Federal Credit Union decided 2,319 mortgage applications and funded 1,572 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 | 89% | 300 / 338 | 99% | $385K | 298 |
| Home improvement loans | 69% | 1,052 / 1,531 | 97% | $145K | 1,022 |
| Cash-out refinance | 60% | 31 / 52 | 97% | $325K | 30 |
| Refinance | 64% | 174 / 274 | 96% | $205K | 167 |
| Investment property purchase | 83% | 30 / 36 | 100% | $205K | 30 |
| Investment home improvement | 26% | 15 / 57 | 100% | $55K | 15 |
State Department Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Virginia | 81% | $145K | 446 | 357 |
| Maryland | 61% | $85K | 362 | 216 |
| California | 62% | $235K | 287 | 169 |
| District of Columbia | 67% | $115K | 154 | 100 |
| Florida | 63% | $155K | 131 | 79 |
| New Jersey | 62% | $255K | 85 | 53 |
| Illinois | 73% | $155K | 71 | 49 |
| Pennsylvania | 62% | $155K | 71 | 43 |
| New York | 75% | $275K | 67 | 50 |
| Washington | 67% | $295K | 61 | 41 |
| North Carolina | 75% | $105K | 60 | 44 |
| Massachusetts | 82% | $245K | 55 | 45 |
| Georgia | 50% | $155K | 52 | 26 |
| South Carolina | 75% | $115K | 44 | 33 |
| Ohio | 75% | $95K | 36 | 27 |
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.