Canvas Credit Union mortgage approval rate & lending review
Canvas Credit Union decided 5,818 mortgage applications and funded 5,076 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Canvas Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Canvas Credit Union at a glance
Approval is 19.8 points above the 70.2% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 98% | 1,206 / 1,230 | 100% | $505K | 1,201 |
| Home improvement loans | 89% | 2,863 / 3,220 | 96% | $75K | 2,757 |
| Cash-out refinance | 86% | 287 / 335 | 90% | $115K | 258 |
| Refinance | 90% | 634 / 706 | 99% | $155K | 628 |
| Investment property purchase | 97% | 62 / 64 | 100% | $255K | 62 |
| Investment cash-out refinance | 71% | 51 / 72 | 92% | $95K | 47 |
| Investment refinance | 83% | 50 / 60 | 100% | $255K | 50 |
| Investment home improvement | 64% | 84 / 131 | 87% | $95K | 73 |
Canvas Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Colorado | 90% | $75K | 5,736 | 5,010 |
| Washington | 86% | $185K | 29 | 25 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Canvas Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Larimer County, CO | Home improvement loans | 94% | 513 | 460 |
| Arapahoe County, CO | Home improvement loans | 87% | 537 | 456 |
| Jefferson County, CO | Home improvement loans | 91% | 443 | 387 |
| Douglas County, CO | Home improvement loans | 90% | 422 | 371 |
| Adams County, CO | Home improvement loans | 85% | 411 | 338 |
| Denver County, CO | Home improvement loans | 89% | 381 | 323 |
| Weld County, CO | Home improvement loans | 87% | 302 | 255 |
| Denver County, CO | Mortgage lenders | 98% | 226 | 222 |
| Arapahoe County, CO | Mortgage lenders | 99% | 203 | 201 |
| Jefferson County, CO | Mortgage lenders | 100% | 198 | 198 |
| Douglas County, CO | Mortgage lenders | 100% | 177 | 177 |
| Larimer County, CO | Refinance | 93% | 134 | 124 |
The county markets where Canvas Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Canvas Credit Union
What is Canvas Credit Union's mortgage approval rate?
Canvas Credit Union approved 90.0% of the 5,818 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 19.8 points above the 70.2% national rate for the same mix of loan types.
How often do borrowers take the loan Canvas Credit Union offers?
Borrowers accepted 97% of the loans Canvas Credit Union approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Canvas Credit Union make?
The typical home improvement loan loan Canvas Credit Union made was $75K; across all loan types its typical loan ran from $75K to $505K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Canvas Credit Union lend?
Canvas Credit Union decided applications in 17 of the states Fat Boy Data covers, most of them in Colorado, Washington and California.
Can I apply to Canvas Credit Union directly?
Yes. Canvas Credit Union is a bank or credit union with 37 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Canvas Credit Union's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Canvas Credit Union treats applications, then get a rate quote from the lender.