Mayo Employees Federal Credit Union mortgage approval rate & lending review
Mayo Employees Federal Credit Union decided 956 mortgage applications and funded 841 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Mayo Employees Federal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Mayo Employees Federal Credit Union at a glance
Approval is 15.9 points above the 73.1% 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 | 100% | 272 / 273 | 99% | $575K | 269 |
| Home improvement loans | 93% | 378 / 406 | 99% | $45K | 374 |
| Cash-out refinance | 53% | 46 / 87 | 98% | $95K | 45 |
| Refinance | 81% | 145 / 179 | 99% | $75K | 143 |
Mayo Employees Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Minnesota | 90% | $45K | 528 | 468 |
| Arizona | 86% | $95K | 241 | 205 |
| Florida | 91% | $575K | 106 | 95 |
| Wisconsin | 90% | $95K | 51 | 46 |
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 Mayo Employees Federal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Olmsted County, MN | Home improvement loans | 93% | 237 | 216 |
| Olmsted County, MN | Mortgage lenders | 99% | 104 | 103 |
| Olmsted County, MN | Refinance | 81% | 112 | 90 |
| Maricopa County, AZ | Home improvement loans | 93% | 88 | 82 |
The county markets where Mayo Employees Federal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Mayo Employees Federal Credit Union
What is Mayo Employees Federal Credit Union's mortgage approval rate?
Mayo Employees Federal Credit Union approved 89.0% of the 956 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 15.9 points above the 73.1% national rate for the same mix of loan types.
How often do borrowers take the loan Mayo Employees Federal Credit Union offers?
Borrowers accepted 99% of the loans Mayo Employees 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 Mayo Employees Federal Credit Union make?
The typical home improvement loan loan Mayo Employees Federal Credit Union made was $45K; across all loan types its typical loan ran from $45K to $575K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Mayo Employees Federal Credit Union lend?
Mayo Employees Federal Credit Union decided applications in 20 of the states Fat Boy Data covers, most of them in Minnesota, Arizona and Florida.
Can I apply to Mayo Employees Federal Credit Union directly?
Yes. Mayo Employees Federal Credit Union is a bank or credit union with 10 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Mayo Employees 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 Mayo Employees Federal Credit Union treats applications, then get a rate quote from the lender.