Skyla Federal Credit Union mortgage approval rate & lending review
Skyla Federal Credit Union decided 2,042 mortgage applications and funded 1,134 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Skyla Federal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Skyla Federal Credit Union at a glance
Approval is 15.8 points below the 73.6% 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 | 94% | 424 / 451 | 94% | $355K | 400 |
| Home improvement loans | 65% | 187 / 289 | 99% | $85K | 185 |
| Cash-out refinance | 31% | 286 / 919 | 98% | $105K | 280 |
| Refinance | 72% | 171 / 236 | 92% | $205K | 158 |
| Investment property purchase | 97% | 73 / 75 | 100% | $95K | 73 |
| Investment cash-out refinance | 39% | 18 / 46 | 100% | $255K | 18 |
| Investment refinance | 81% | 21 / 26 | 95% | $245K | 20 |
Skyla Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| North Carolina | 59% | $205K | 1,787 | 1,009 |
| South Carolina | 68% | $305K | 149 | 98 |
| California | 30% | $155K | 30 | 9 |
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 Skyla Federal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Mecklenburg County, NC | Mortgage lenders | 93% | 169 | 146 |
| Mecklenburg County, NC | Cash-out refinance | 32% | 463 | 146 |
| Mecklenburg County, NC | Home improvement loans | 59% | 144 | 83 |
| Mecklenburg County, NC | Refinance | 72% | 106 | 72 |
| Mecklenburg County, NC | Investment property purchase | 95% | 43 | 41 |
| Cabarrus County, NC | Mortgage lenders | 100% | 36 | 34 |
| Union County, NC | Cash-out refinance | 47% | 70 | 32 |
| Union County, NC | Home improvement loans | 75% | 24 | 18 |
| Cabarrus County, NC | Home improvement loans | 74% | 23 | 17 |
| Cabarrus County, NC | Cash-out refinance | 28% | 58 | 16 |
| Cleveland County, NC | Cash-out refinance | 42% | 36 | 14 |
| Gaston County, NC | Cash-out refinance | 34% | 41 | 14 |
The county markets where Skyla Federal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Skyla Federal Credit Union
What is Skyla Federal Credit Union's mortgage approval rate?
Skyla Federal Credit Union approved 57.8% of the 2,042 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 15.8 points below the 73.6% national rate for the same mix of loan types.
How often do borrowers take the loan Skyla Federal Credit Union offers?
Borrowers accepted 96% of the loans Skyla Federal Credit Union approved, against 94% for all cash-out refinance lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Skyla Federal Credit Union make?
The typical cash-out refinance loan Skyla Federal Credit Union made was $105K; across all loan types its typical loan ran from $85K to $355K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Skyla Federal Credit Union lend?
Skyla Federal Credit Union decided applications in 26 of the states Fat Boy Data covers, most of them in North Carolina, South Carolina and California.
Can I apply to Skyla Federal Credit Union directly?
Yes. Skyla Federal Credit Union is a bank or credit union with 19 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Skyla 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 Skyla Federal Credit Union treats applications, then get a rate quote from the lender.