PenAir Credit Union mortgage approval rate & lending review
PenAir Credit Union decided 1,460 mortgage applications and funded 813 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions PenAir Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
PenAir Credit Union at a glance
Approval is 13.9 points below the 71.7% 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 | 67% | 233 / 347 | 97% | $245K | 226 |
| Home improvement loans | 47% | 351 / 749 | 97% | $65K | 340 |
| Cash-out refinance | 63% | 51 / 81 | 92% | $175K | 47 |
| Refinance | 72% | 171 / 238 | 96% | $105K | 165 |
PenAir Credit Union lending by state
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 PenAir Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Santa Rosa County, FL | Home improvement loans | 53% | 254 | 131 |
| Escambia County, FL | Home improvement loans | 45% | 287 | 126 |
| Escambia County, FL | Mortgage lenders | 65% | 144 | 90 |
| Baldwin County, AL | Home improvement loans | 44% | 175 | 71 |
| Santa Rosa County, FL | Mortgage lenders | 71% | 98 | 69 |
| Santa Rosa County, FL | Refinance | 78% | 77 | 57 |
| Baldwin County, AL | Mortgage lenders | 64% | 86 | 54 |
| Baldwin County, AL | Refinance | 70% | 80 | 54 |
| Escambia County, FL | Refinance | 72% | 72 | 51 |
| Baldwin County, AL | Cash-out refinance | 66% | 29 | 18 |
| Santa Rosa County, FL | Cash-out refinance | 76% | 25 | 17 |
| Escambia County, FL | Cash-out refinance | 52% | 23 | 11 |
The county markets where PenAir Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about PenAir Credit Union
What is PenAir Credit Union's mortgage approval rate?
PenAir Credit Union approved 57.7% of the 1,460 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 13.9 points below the 71.7% national rate for the same mix of loan types.
How often do borrowers take the loan PenAir Credit Union offers?
Borrowers accepted 96% of the loans PenAir 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 PenAir Credit Union make?
The typical home improvement loan loan PenAir Credit Union made was $65K; across all loan types its typical loan ran from $65K to $245K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does PenAir Credit Union lend?
PenAir Credit Union decided applications in 4 of the states Fat Boy Data covers, most of them in Florida, Alabama and Mississippi.
Can I apply to PenAir Credit Union directly?
Yes. PenAir Credit Union is a bank or credit union with 16 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show PenAir 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 PenAir Credit Union treats applications, then get a rate quote from the lender.