State Employees Credit Union mortgage approval rate & lending review
State Employees Credit Union decided 664 mortgage applications and funded 516 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions State Employees Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
State Employees Credit Union at a glance
Approval is 17.1 points above the 71.8% 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% | 85 / 90 | 86% | $255K | 73 |
| Home improvement loans | 94% | 131 / 140 | 89% | $75K | 117 |
| Cash-out refinance | 91% | 222 / 244 | 89% | $105K | 198 |
| Refinance | 75% | 103 / 137 | 81% | $115K | 83 |
State Employees Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New Mexico | 89% | $105K | 664 | 516 |
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 State Employees Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Santa Fe County, NM | Cash-out refinance | 91% | 139 | 115 |
| Santa Fe County, NM | Home improvement loans | 96% | 81 | 70 |
| Santa Fe County, NM | Refinance | 86% | 79 | 59 |
| Santa Fe County, NM | Mortgage lenders | 95% | 59 | 50 |
| Bernalillo County, NM | Cash-out refinance | 90% | 60 | 46 |
| Sandoval County, NM | Cash-out refinance | 91% | 43 | 35 |
| Bernalillo County, NM | Home improvement loans | 89% | 35 | 30 |
| Sandoval County, NM | Home improvement loans | 92% | 24 | 17 |
| Bernalillo County, NM | Refinance | 61% | 33 | 13 |
| Sandoval County, NM | Refinance | 57% | 23 | 10 |
The county markets where State Employees Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about State Employees Credit Union
What is State Employees Credit Union's mortgage approval rate?
State Employees Credit Union approved 88.9% of the 664 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 17.1 points above the 71.8% national rate for the same mix of loan types.
How often do borrowers take the loan State Employees Credit Union offers?
Borrowers accepted 87% of the loans State Employees 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 State Employees Credit Union make?
The typical cash-out refinance loan State Employees Credit Union made was $105K; 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 State Employees Credit Union lend?
State Employees Credit Union decided applications in 1 of the states Fat Boy Data covers, most of them in New Mexico.
Can I apply to State Employees Credit Union directly?
Yes. State Employees Credit Union is a bank or credit union with 295 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show State Employees 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 State Employees Credit Union treats applications, then get a rate quote from the lender.