VELOCITY Credit Union mortgage approval rate & lending review
VELOCITY Credit Union decided 626 mortgage applications and funded 325 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions VELOCITY Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
VELOCITY Credit Union at a glance
Approval is 15.9 points below the 69.7% 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 | 84% | 42 / 50 | 98% | $425K | 41 |
| Home improvement loans | 69% | 22 / 32 | 100% | $75K | 22 |
| Cash-out refinance | 50% | 263 / 524 | 96% | $65K | 253 |
VELOCITY Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Texas | 54% | $65K | 626 | 325 |
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 VELOCITY Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Travis County, TX | Cash-out refinance | 52% | 279 | 140 |
| Williamson County, TX | Cash-out refinance | 57% | 120 | 66 |
| Hays County, TX | Cash-out refinance | 48% | 54 | 25 |
| Bastrop County, TX | Cash-out refinance | 33% | 24 | 7 |
The county markets where VELOCITY Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about VELOCITY Credit Union
What is VELOCITY Credit Union's mortgage approval rate?
VELOCITY Credit Union approved 53.8% of the 626 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 15.9 points below the 69.7% national rate for the same mix of loan types.
How often do borrowers take the loan VELOCITY Credit Union offers?
Borrowers accepted 96% of the loans VELOCITY 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 VELOCITY Credit Union make?
The typical cash-out refinance loan VELOCITY Credit Union made was $65K; across all loan types its typical loan ran from $65K to $425K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does VELOCITY Credit Union lend?
VELOCITY Credit Union decided applications in 1 of the states Fat Boy Data covers, most of them in Texas.
Can I apply to VELOCITY Credit Union directly?
Yes. VELOCITY Credit Union is a bank or credit union with 7 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show VELOCITY 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 VELOCITY Credit Union treats applications, then get a rate quote from the lender.