IQ Credit Union mortgage approval rate & lending review
IQ Credit Union decided 2,526 mortgage applications and funded 1,965 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions IQ Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
IQ Credit Union at a glance
Approval is 13.9 points above the 67.8% 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% | 356 / 396 | 90% | $305K | 319 |
| Home improvement loans | 80% | 1,347 / 1,688 | 97% | $95K | 1,312 |
| Cash-out refinance | 93% | 127 / 137 | 91% | $205K | 116 |
| Refinance | 84% | 131 / 156 | 93% | $135K | 122 |
| Investment property purchase | 83% | 30 / 36 | 90% | $215K | 27 |
| Investment home improvement | 60% | 54 / 90 | 94% | $85K | 51 |
IQ Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Washington | 82% | $95K | 2,293 | 1,790 |
| Oregon | 78% | $95K | 232 | 175 |
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 IQ Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Clark County, WA | Home improvement loans | 81% | 1,444 | 1,139 |
| Clark County, WA | Mortgage lenders | 90% | 315 | 253 |
| Clark County, WA | Refinance | 86% | 138 | 112 |
| Clark County, WA | Cash-out refinance | 94% | 120 | 104 |
| Multnomah County, OR | Home improvement loans | 72% | 79 | 57 |
| Cowlitz County, WA | Home improvement loans | 68% | 73 | 50 |
| Clackamas County, OR | Home improvement loans | 73% | 30 | 21 |
| Clark County, WA | Investment property purchase | 79% | 28 | 20 |
| Cowlitz County, WA | Mortgage lenders | 90% | 20 | 15 |
The county markets where IQ Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about IQ Credit Union
What is IQ Credit Union's mortgage approval rate?
IQ Credit Union approved 81.7% of the 2,526 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 13.9 points above the 67.8% national rate for the same mix of loan types.
How often do borrowers take the loan IQ Credit Union offers?
Borrowers accepted 95% of the loans IQ 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 IQ Credit Union make?
The typical home improvement loan loan IQ Credit Union made was $95K; across all loan types its typical loan ran from $85K to $305K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does IQ Credit Union lend?
IQ Credit Union decided applications in 3 of the states Fat Boy Data covers, most of them in Washington, Oregon and California.
Can I apply to IQ Credit Union directly?
Yes. IQ 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 IQ 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 IQ Credit Union treats applications, then get a rate quote from the lender.