Florida Central 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 F 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%
5th35.6% deniedPricingmedian rate spread over APOR, weight 30%
6th1.32 ptsProcesswithdrawn + incomplete share, weight 15%
3rd34.8%Closing coststotal loan costs ÷ loan amount, weight 10%
21st2.88% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 317 | 136 | 23.3% | 35.2% | 7.38% | $8.9M |
| 2024 | 162 | 62 | 25.3% | 39.8% | 6.25% | $12M |
| 2025 | 422 | 174 | 23.2% | 35.6% | 5.50% | $23M |
What Florida Central 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: 202 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 27 investment properties.
Why Florida Central Credit Union denies applications
Primary reason reported for each of the 98 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Florida Central Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 47 | 12 | 64.9% |
| $50k – $100k | 151 | 51 | 42.7% |
| $100k – $150k | 96 | 52 | 18.8% |
| $150k – $250k | 75 | 30 | 31.1% |
| Over $250k | 45 | 25 | 21.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 32 | 10 | 28.6% |
| 35–44 | 94 | 38 | 35.0% |
| 45–54 | 97 | 41 | 33.3% |
| 55–64 | 110 | 41 | 45.3% |
| 65–74 | 60 | 29 | 31.0% |
| Over 74 | 28 | 15 | 23.8% |
Where Florida Central Credit Union lends
2 states and 11 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 210 | 174 | 6.7% | 5.50% | #359 |
Frequently asked questions
Florida Central Credit Union denied 35.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 5th percentile of small mortgage lenders.
The most common reason Florida Central Credit Union gave in 2025 was "debt-to-income ratio", cited on 58.2% 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 Florida Central Credit Union originated in 2025 was 5.50%, and its median rate spread over the average prime offer rate was 1.32 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 17% of its applications were for home purchases, 78% for refinancing (including cash-out), and 5% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% 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.