Oceanair Federal Credit Union mortgage approval rate & lending review
Oceanair Federal Credit Union decided 1,066 mortgage applications and funded 786 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Oceanair Federal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Oceanair Federal Credit Union at a glance
Approval is 7.0 points above the 67.6% 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 | 97% | 94 / 97 | 99% | $1.01M | 93 |
| Home improvement loans | 60% | 279 / 464 | 99% | $105K | 276 |
| Cash-out refinance | 83% | 320 / 384 | 98% | $115K | 315 |
| Refinance | 87% | 34 / 39 | 100% | $805K | 34 |
| Investment cash-out refinance | 89% | 31 / 35 | 100% | $255K | 31 |
| Investment home improvement | 76% | 29 / 38 | 100% | $135K | 29 |
Oceanair Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 74% | $115K | 1,043 | 766 |
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 Oceanair Federal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Ventura County, CA | Home improvement loans | 60% | 390 | 231 |
| Ventura County, CA | Cash-out refinance | 76% | 199 | 148 |
| Ventura County, CA | Investment home improvement | 67% | 24 | 16 |
| Ventura County, CA | Refinance | 75% | 20 | 15 |
The county markets where Oceanair Federal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Oceanair Federal Credit Union
What is Oceanair Federal Credit Union's mortgage approval rate?
Oceanair Federal Credit Union approved 74.6% of the 1,066 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 7.0 points above the 67.6% national rate for the same mix of loan types.
How often do borrowers take the loan Oceanair Federal Credit Union offers?
Borrowers accepted 99% of the loans Oceanair 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 Oceanair Federal Credit Union make?
The typical home improvement loan loan Oceanair Federal Credit Union made was $105K; across all loan types its typical loan ran from $105K to $1.01M. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Oceanair Federal Credit Union lend?
Oceanair Federal Credit Union decided applications in 7 of the states Fat Boy Data covers, most of them in California, Colorado and Arizona.
Can I apply to Oceanair Federal Credit Union directly?
Yes. Oceanair Federal Credit Union is a bank or credit union with 5 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Oceanair 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 Oceanair Federal Credit Union treats applications, then get a rate quote from the lender.