First Commerce Credit Union · Florida · 2025

First Commerce Credit Union in Florida: approval rate, denial rate and rates (2025)

First Commerce Credit Union took 632 mortgage applications in Florida in 2025, ranking #210 of 1,993 lenders active in the state. It originated 63.0% of them and denied 17.3% (19.2% of the applications it decided), against a statewide denial rate of 21.1%.

632Applicationsin FL
19.2%Decision denial ratestate 27.2%
7.25%Median ratestate 6.63%
$105,000Median loanstate $255,000
$61MVolume25 counties

First Commerce Credit Union in Florida vs the state

17.3%Denial rate-3.81 pts vs state
19.2%Decision denial rate-8.08 pts vs state
63.0%Origination rate+10.28 pts vs state
7.25%Median rate+0.63 pts vs state
0.02Rate spread (pts)-0.25 pts vs state
$106kMedian applicant income
398Loans originated
109Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
202352431120.2%7.44%#227
202465040520.5%8.25%#202
202563239817.3%7.25%#210

What First Commerce Credit Union lends in Florida

By loan purpose

Home purchase 133 21% · 7.5% denied
Refinance 24 4% · 29.2% denied
Cash-out refinance 175 28% · 13.1% denied
Home improvement 57 9% · 10.5% denied
Other / HELOC 243 38% · 25.9% denied

By loan type

Conventional 631 100% · 17.1% denied
FHA 1 0% · 100.0% denied

Why it denied Florida applicants

Debt-to-income ratio 47 43%
Credit history 25 23%
Incomplete application 18 17%
Collateral 11 10%
Other 3 3%
Insufficient cash 3 3%
Unverifiable information 1 1%
Employment history 1 1%

Where in Florida

Counties with the most First Commerce Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Leon County 42826975 17.5%
Wakulla County 52335 9.6%
Jackson County 44289 20.5%
Gadsden County 351610 28.6%
Bay County 18142 11.1%
Jefferson County 12111 8.3%
Duval County 640 0.0%
Orange County 631 16.7%
Calhoun County 440 0.0%
Liberty County 320 0.0%

Other large lenders in Florida

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 71,40515.3%6.44%
Rocket MortgageC 46,61121.0%6.63%
Bank of AmericaF 23,63437.7%6.24%
Pennymac Loan ServicesC 19,51614.1%6.50%
Navy Federal Credit UnionD 19,45223.2%7.59%
Crosscountry MortgageB 19,1035.2%6.75%
NewrezD 17,51922.4%6.75%
Dhi Mortgage CompanyB 16,66114.5%4.88%
Lennar MortgageA 14,98421.0%4.75%
Truist BankC 14,14041.5%6.60%

Frequently asked questions

Florida: 632 applications in 2025, of which 398 were originated and 109 denied.

17.3% of all applications, or 19.2% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans First Commerce Credit Union originated in Florida in 2025 was 7.25%, against a statewide median of 6.63%.

About this data. Figures are First Commerce Credit Union's own HMDA filing for properties located in Florida, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology