Educational Federal Credit Union mortgage approval rate & lending review
Educational Federal Credit Union decided 1,355 mortgage applications and funded 816 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Educational Federal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Educational Federal Credit Union at a glance
Approval is 6.5 points below the 68.2% 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 | 71% | 107 / 151 | 97% | $395K | 104 |
| Home improvement loans | 60% | 367 / 614 | 98% | $65K | 358 |
| Cash-out refinance | 63% | 336 / 533 | 98% | $115K | 328 |
| Refinance | 54% | 21 / 39 | 100% | $235K | 21 |
Educational Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Florida | 62% | $115K | 1,355 | 816 |
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 Educational Federal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Miami-Dade County, FL | Cash-out refinance | 63% | 445 | 277 |
| Miami-Dade County, FL | Home improvement loans | 58% | 486 | 273 |
| Broward County, FL | Home improvement loans | 73% | 101 | 73 |
| Broward County, FL | Cash-out refinance | 62% | 65 | 37 |
| Miami-Dade County, FL | Refinance | 59% | 34 | 20 |
The county markets where Educational Federal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Educational Federal Credit Union
What is Educational Federal Credit Union's mortgage approval rate?
Educational Federal Credit Union approved 61.7% of the 1,355 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 6.5 points below the 68.2% national rate for the same mix of loan types.
How often do borrowers take the loan Educational Federal Credit Union offers?
Borrowers accepted 98% of the loans Educational 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 Educational Federal Credit Union make?
The typical home improvement loan loan Educational Federal Credit Union made was $65K; across all loan types its typical loan ran from $65K to $395K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Educational Federal Credit Union lend?
Educational Federal Credit Union decided applications in 1 of the states Fat Boy Data covers, most of them in Florida.
Can I apply to Educational Federal Credit Union directly?
Yes. Educational Federal Credit Union is a bank or credit union with 9 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Educational 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 Educational Federal Credit Union treats applications, then get a rate quote from the lender.