Charter Oak Federal Credit Union mortgage approval rate & lending review
Charter Oak Federal Credit Union decided 1,200 mortgage applications and funded 1,002 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Charter Oak Federal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Charter Oak Federal Credit Union at a glance
Approval is 12.7 points above the 72.2% 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 | 90% | 303 / 337 | 98% | $285K | 296 |
| Home improvement loans | 85% | 411 / 486 | 99% | $65K | 406 |
| Cash-out refinance | 79% | 226 / 285 | 99% | $105K | 223 |
| Refinance | 79% | 46 / 58 | 98% | $165K | 45 |
Charter Oak Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Connecticut | 85% | $105K | 1,109 | 926 |
| Rhode Island | 83% | $155K | 90 | 75 |
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 Charter Oak Federal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Southeastern Connecticut Planning Region, CT | Home improvement loans | 85% | 387 | 325 |
| Southeastern Connecticut Planning Region, CT | Cash-out refinance | 81% | 222 | 177 |
| Southeastern Connecticut Planning Region, CT | Mortgage lenders | 87% | 195 | 164 |
| Capitol Planning Region, CT | Mortgage lenders | 96% | 81 | 77 |
| Southeastern Connecticut Planning Region, CT | Refinance | 74% | 39 | 28 |
| Lower Connecticut River Valley Planning Region, CT | Home improvement loans | 93% | 28 | 26 |
| Capitol Planning Region, CT | Home improvement loans | 77% | 30 | 23 |
| Washington County, RI | Home improvement loans | 84% | 25 | 21 |
| Lower Connecticut River Valley Planning Region, CT | Mortgage lenders | 95% | 20 | 19 |
| Washington County, RI | Cash-out refinance | 75% | 20 | 15 |
The county markets where Charter Oak Federal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Charter Oak Federal Credit Union
What is Charter Oak Federal Credit Union's mortgage approval rate?
Charter Oak Federal Credit Union approved 84.9% of the 1,200 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 12.7 points above the 72.2% national rate for the same mix of loan types.
How often do borrowers take the loan Charter Oak Federal Credit Union offers?
Borrowers accepted 98% of the loans Charter Oak Federal 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 Charter Oak Federal Credit Union make?
The typical home improvement loan loan Charter Oak Federal Credit Union made was $65K; across all loan types its typical loan ran from $65K to $285K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Charter Oak Federal Credit Union lend?
Charter Oak Federal Credit Union decided applications in 3 of the states Fat Boy Data covers, most of them in Connecticut, Rhode Island and Florida.
Can I apply to Charter Oak Federal Credit Union directly?
Yes. Charter Oak Federal Credit Union is a bank or credit union with 15 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Charter Oak Federal 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 Charter Oak Federal Credit Union treats applications, then get a rate quote from the lender.