Lafayette Federal Credit Union mortgage approval rate & lending review
Lafayette Federal Credit Union decided 815 mortgage applications and funded 648 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Lafayette Federal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Lafayette Federal Credit Union at a glance
Approval is 6.5 points above the 77.5% 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 | 85% | 310 / 365 | 96% | $315K | 297 |
| Home improvement loans | 84% | 82 / 98 | 93% | $185K | 76 |
| Cash-out refinance | 85% | 223 / 261 | 94% | $195K | 210 |
| Refinance | 71% | 35 / 49 | 97% | $255K | 34 |
| Investment property purchase | 87% | 27 / 31 | 85% | $205K | 23 |
Lafayette Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Maryland | 83% | $455K | 170 | 131 |
| Virginia | 89% | $325K | 138 | 118 |
| New York | 90% | $245K | 86 | 73 |
| New Jersey | 90% | $235K | 50 | 44 |
| Pennsylvania | 76% | $195K | 45 | 31 |
| California | 74% | $225K | 43 | 30 |
| Florida | 86% | $315K | 43 | 37 |
| District of Columbia | 77% | $255K | 39 | 25 |
| North Carolina | 88% | $315K | 32 | 28 |
| Georgia | 87% | $175K | 30 | 24 |
| Connecticut | 96% | $155K | 23 | 20 |
| South Carolina | 81% | $305K | 21 | 16 |
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 Lafayette Federal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Montgomery County, MD | Cash-out refinance | 100% | 24 | 20 |
| Fairfax County, VA | Cash-out refinance | 90% | 20 | 17 |
The county markets where Lafayette Federal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Lafayette Federal Credit Union
What is Lafayette Federal Credit Union's mortgage approval rate?
Lafayette Federal Credit Union approved 84.0% of the 815 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 6.5 points above the 77.5% national rate for the same mix of loan types.
How often do borrowers take the loan Lafayette Federal Credit Union offers?
Borrowers accepted 95% of the loans Lafayette 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 Lafayette Federal Credit Union make?
The typical home purchase mortgage loan Lafayette Federal Credit Union made was $315K; across all loan types its typical loan ran from $185K to $315K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Lafayette Federal Credit Union lend?
Lafayette Federal Credit Union decided applications in 35 of the states Fat Boy Data covers, most of them in Maryland, Virginia and New York.
Can I apply to Lafayette Federal Credit Union directly?
Yes. Lafayette Federal Credit Union is a bank or credit union with 11 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Lafayette 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 Lafayette Federal Credit Union treats applications, then get a rate quote from the lender.