Founders Federal Credit Union mortgage approval rate & lending review
Founders Federal Credit Union decided 5,545 mortgage applications and funded 4,007 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Founders Federal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Founders Federal Credit Union at a glance
Approval is 0.4 points below the 76.2% 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 | 81% | 2,017 / 2,481 | 96% | $265K | 1,945 |
| Home improvement loans | 72% | 991 / 1,367 | 94% | $65K | 935 |
| Cash-out refinance | 70% | 911 / 1,298 | 95% | $125K | 864 |
| Refinance | 67% | 165 / 246 | 93% | $215K | 154 |
| Investment property purchase | 86% | 86 / 100 | 97% | $245K | 83 |
| Investment home improvement | 57% | 17 / 30 | 82% | $75K | 14 |
Founders Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| South Carolina | 76% | $115K | 3,919 | 2,829 |
| North Carolina | 76% | $285K | 1,602 | 1,165 |
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 Founders Federal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Mecklenburg County, NC | Mortgage lenders | 85% | 504 | 420 |
| York County, SC | Mortgage lenders | 81% | 469 | 363 |
| York County, SC | Cash-out refinance | 74% | 467 | 326 |
| York County, SC | Home improvement loans | 73% | 414 | 292 |
| Spartanburg County, SC | Mortgage lenders | 78% | 368 | 284 |
| Spartanburg County, SC | Home improvement loans | 76% | 393 | 284 |
| Lancaster County, SC | Cash-out refinance | 76% | 250 | 184 |
| Lancaster County, SC | Mortgage lenders | 78% | 214 | 157 |
| Spartanburg County, SC | Cash-out refinance | 69% | 242 | 157 |
| Lancaster County, SC | Home improvement loans | 79% | 198 | 150 |
| Union County, NC | Mortgage lenders | 85% | 164 | 129 |
| Gaston County, NC | Mortgage lenders | 80% | 137 | 108 |
The county markets where Founders Federal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Founders Federal Credit Union
What is Founders Federal Credit Union's mortgage approval rate?
Founders Federal Credit Union approved 75.7% of the 5,545 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 0.4 points below the 76.2% national rate for the same mix of loan types.
How often do borrowers take the loan Founders Federal Credit Union offers?
Borrowers accepted 95% of the loans Founders Federal Credit Union approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Founders Federal Credit Union make?
The typical home purchase mortgage loan Founders Federal Credit Union made was $265K; across all loan types its typical loan ran from $65K to $265K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Founders Federal Credit Union lend?
Founders Federal Credit Union decided applications in 8 of the states Fat Boy Data covers, most of them in South Carolina, North Carolina and Florida.
Can I apply to Founders Federal Credit Union directly?
Yes. Founders Federal Credit Union is a bank or credit union with 50 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Founders 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 Founders Federal Credit Union treats applications, then get a rate quote from the lender.