Empower Federal Credit Union mortgage approval rate & lending review
Empower Federal Credit Union decided 8,115 mortgage applications and funded 6,743 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Empower Federal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Empower Federal Credit Union at a glance
Approval is 13.1 points above the 71.6% 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 | 93% | 1,958 / 2,108 | 97% | $175K | 1,901 |
| Home improvement loans | 80% | 2,824 / 3,532 | 98% | $55K | 2,781 |
| Cash-out refinance | 87% | 1,507 / 1,737 | 99% | $95K | 1,486 |
| Refinance | 83% | 453 / 544 | 98% | $85K | 445 |
| Investment property purchase | 89% | 99 / 111 | 97% | $125K | 96 |
| Investment cash-out refinance | 57% | 17 / 30 | 100% | $155K | 17 |
| Investment home improvement | 28% | 13 / 46 | 100% | $255K | 13 |
Empower Federal Credit Union lending by state
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 Empower Federal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Onondaga County, NY | Home improvement loans | 81% | 2,334 | 1,876 |
| Onondaga County, NY | Mortgage lenders | 94% | 1,460 | 1,328 |
| Onondaga County, NY | Cash-out refinance | 88% | 1,181 | 1,019 |
| Oswego County, NY | Home improvement loans | 77% | 690 | 527 |
| Oswego County, NY | Mortgage lenders | 92% | 406 | 362 |
| Onondaga County, NY | Refinance | 84% | 375 | 307 |
| Oswego County, NY | Cash-out refinance | 84% | 332 | 276 |
| Broome County, NY | Home improvement loans | 80% | 220 | 170 |
| Erie County, NY | Home improvement loans | 62% | 136 | 82 |
| Broome County, NY | Cash-out refinance | 91% | 90 | 81 |
| Oswego County, NY | Refinance | 81% | 99 | 80 |
| Broome County, NY | Mortgage lenders | 87% | 71 | 61 |
The county markets where Empower Federal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Empower Federal Credit Union
What is Empower Federal Credit Union's mortgage approval rate?
Empower Federal Credit Union approved 84.7% of the 8,115 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 13.1 points above the 71.6% national rate for the same mix of loan types.
How often do borrowers take the loan Empower Federal Credit Union offers?
Borrowers accepted 98% of the loans Empower 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 Empower Federal Credit Union make?
The typical home improvement loan loan Empower Federal Credit Union made was $55K; across all loan types its typical loan ran from $55K to $255K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Empower Federal Credit Union lend?
Empower Federal Credit Union decided applications in 7 of the states Fat Boy Data covers, most of them in New York, Florida and South Carolina.
Can I apply to Empower Federal Credit Union directly?
Yes. Empower Federal Credit Union is a bank or credit union with 25 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Empower 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 Empower Federal Credit Union treats applications, then get a rate quote from the lender.