Lender profile · HMDA 2023–2025
Spero Financial Federal Credit Union mortgage approval rates & lending data
Spero Financial Federal Credit Union decided 1,100 mortgage applications and funded 947 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval 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 |
| North Carolina | 80% | $155K | 5 | 3 |
| Georgia | 100% | $255K | 4 | 4 |
| Tennessee | 100% | $35K | 3 | 3 |
| Florida | 100% | $135K | 2 | 2 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.