Spero Financial Federal Credit Union mortgage approval rate & lending review
Spero Financial Federal Credit Union decided 1,100 mortgage applications and funded 947 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Spero Financial Federal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Spero Financial Federal Credit Union at a glance
Approval is 21.8 points above the 68.7% 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 | 98% | 86 / 88 | 93% | $255K | 80 |
| Home improvement loans | 91% | 554 / 608 | 96% | $75K | 532 |
| Cash-out refinance | 92% | 108 / 117 | 95% | $115K | 103 |
| Refinance | 87% | 224 / 258 | 94% | $145K | 210 |
Spero Financial Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| South Carolina | 91% | $75K | 1,086 | 935 |
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 Spero Financial Federal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Greenville County, SC | Home improvement loans | 91% | 274 | 236 |
| Anderson County, SC | Home improvement loans | 95% | 129 | 122 |
| Greenville County, SC | Refinance | 90% | 128 | 107 |
| Spartanburg County, SC | Home improvement loans | 89% | 93 | 79 |
| Pickens County, SC | Home improvement loans | 91% | 77 | 65 |
| Greenville County, SC | Cash-out refinance | 93% | 69 | 60 |
| Anderson County, SC | Refinance | 87% | 52 | 43 |
| Spartanburg County, SC | Refinance | 80% | 40 | 29 |
The county markets where Spero Financial Federal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Spero Financial Federal Credit Union
What is Spero Financial Federal Credit Union's mortgage approval rate?
Spero Financial Federal Credit Union approved 90.5% of the 1,100 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 21.8 points above the 68.7% national rate for the same mix of loan types.
How often do borrowers take the loan Spero Financial Federal Credit Union offers?
Borrowers accepted 95% of the loans Spero Financial 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 Spero Financial Federal Credit Union make?
The typical home improvement loan loan Spero Financial Federal Credit Union made was $75K; across all loan types its typical loan ran from $75K to $255K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Spero Financial Federal Credit Union lend?
Spero Financial Federal Credit Union decided applications in 5 of the states Fat Boy Data covers, most of them in South Carolina, North Carolina and Georgia.
Can I apply to Spero Financial Federal Credit Union directly?
Yes. Spero Financial Federal Credit Union is a bank or credit union with 11 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Spero Financial 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 Spero Financial Federal Credit Union treats applications, then get a rate quote from the lender.