Rave Financial Credit Union mortgage approval rate & lending review
Rave Financial Credit Union decided 405 mortgage applications and funded 223 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Rave Financial Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Rave Financial Credit Union at a glance
Approval is 3.2 points below the 71.1% 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 | 94% | 103 / 110 | 77% | $165K | 79 |
| Home improvement loans | 57% | 118 / 207 | 84% | $45K | 99 |
| Cash-out refinance | 58% | 40 / 69 | 80% | $105K | 32 |
Rave Financial Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Texas | 68% | $105K | 405 | 223 |
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 Rave Financial Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Jefferson County, TX | Home improvement loans | 58% | 165 | 81 |
| Jefferson County, TX | Mortgage lenders | 95% | 75 | 52 |
| Jefferson County, TX | Cash-out refinance | 56% | 54 | 24 |
| Harris County, TX | Home improvement loans | 43% | 23 | 8 |
The county markets where Rave Financial Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Rave Financial Credit Union
What is Rave Financial Credit Union's mortgage approval rate?
Rave Financial Credit Union approved 67.9% of the 405 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 3.2 points below the 71.1% national rate for the same mix of loan types.
How often do borrowers take the loan Rave Financial Credit Union offers?
Borrowers accepted 81% of the loans Rave Financial 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 Rave Financial Credit Union make?
The typical home improvement loan loan Rave Financial Credit Union made was $45K; across all loan types its typical loan ran from $45K to $165K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Rave Financial Credit Union lend?
Rave Financial Credit Union decided applications in 1 of the states Fat Boy Data covers, most of them in Texas.
Can I apply to Rave Financial Credit Union directly?
Yes. Rave Financial Credit Union is a bank or credit union with 14 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Rave Financial 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 Rave Financial Credit Union treats applications, then get a rate quote from the lender.