FIRST FLORIDA Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
9th27.8% deniedPricingmedian rate spread over APOR, weight 30%
18th0.76 ptsProcesswithdrawn + incomplete share, weight 15%
3rd34.2%Closing coststotal loan costs ÷ loan amount, weight 10%
70th1.37% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 468 | 217 | 25.6% | 33.8% | 6.50% | $32M |
| 2024 | 385 | 172 | 21.0% | 31.9% | 7.15% | $32M |
| 2025 | 257 | 121 | 18.3% | 27.8% | 7.13% | $28M |
What FIRST FLORIDA Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 6 manufactured homes, 18 investment properties.
Why FIRST FLORIDA Credit Union denies applications
Primary reason reported for each of the 47 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at FIRST FLORIDA Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 90 | 35 | 40.7% |
| $100k – $150k | 69 | 36 | 14.3% |
| $150k – $250k | 58 | 33 | 19.5% |
| Over $250k | 21 | 10 | 16.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 28 | 12 | 20.0% |
| 35–44 | 52 | 25 | 24.2% |
| 45–54 | 57 | 32 | 27.3% |
| 55–64 | 66 | 28 | 31.7% |
| 65–74 | 30 | 16 | 33.3% |
| Over 74 | 22 | 7 | 27.3% |
Where FIRST FLORIDA Credit Union lends
5 states and 46 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 251 | 116 | 18.7% | 7.15% | #338 |
Frequently asked questions
FIRST FLORIDA Credit Union denied 27.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 9th percentile of small mortgage lenders.
The most common reason FIRST FLORIDA Credit Union gave in 2025 was "debt-to-income ratio", cited on 55.3% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans FIRST FLORIDA Credit Union originated in 2025 was 7.13%, and its median rate spread over the average prime offer rate was 0.76 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 28% of its applications were for home purchases, 44% for refinancing (including cash-out), and 28% for home improvement or other purposes. By loan type: 97% conventional, 0% FHA, 3% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.