GTE Federal Credit Union · Florida · 2025

GTE Federal Credit Union in Florida: approval rate, denial rate and rates (2025)

GTE Federal Credit Union took 1,946 mortgage applications in Florida in 2025, ranking #94 of 1,993 lenders active in the state. It originated 47.9% of them and denied 26.0% (34.6% of the applications it decided), against a statewide denial rate of 21.1%.

1.9kApplicationsin FL
34.6%Decision denial ratestate 27.2%
6.88%Median ratestate 6.63%
$125,000Median loanstate $255,000
$193MVolume44 counties

GTE Federal Credit Union in Florida vs the state

26.0%Denial rate+4.89 pts vs state
34.6%Decision denial rate+7.40 pts vs state
47.9%Origination rate-4.75 pts vs state
6.88%Median rate+0.25 pts vs state
0.52Rate spread (pts)+0.25 pts vs state
$99kMedian applicant income
933Loans originated
505Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,6061,20730.0%7.75%#70
20242,15397932.0%8.50%#85
20251,94693326.0%6.88%#94

What GTE Federal Credit Union lends in Florida

By loan purpose

Home purchase 498 26% · 10.8% denied
Refinance 384 20% · 28.7% denied
Cash-out refinance 192 10% · 17.7% denied
Home improvement 205 11% · 26.3% denied
Other / HELOC 667 34% · 37.9% denied

By loan type

Conventional 1,858 95% · 25.5% denied
FHA 82 4% · 35.4% denied
VA 6 0% · 50.0% denied

Why it denied Florida applicants

Debt-to-income ratio 248 49%
Credit history 141 28%
Collateral 76 15%
Other 17 3%
Unverifiable information 9 2%
Insufficient cash 9 2%
Incomplete application 3 1%
Employment history 2 0%

Where in Florida

Counties with the most GTE Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hillsborough County 680292196 28.8%
Pinellas County 30415663 20.7%
Pasco County 28014573 26.1%
Polk County 1044936 34.6%
Marion County 863525 29.1%
Hernando County 593112 20.3%
Miami-Dade County 572915 26.3%
Manatee County 492015 30.6%
Sarasota County 492112 24.5%
Citrus County 46324 8.7%

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: 1,946 applications in 2025, of which 933 were originated and 505 denied.

26.0% of all applications, or 34.6% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans GTE Federal Credit Union originated in Florida in 2025 was 6.88%, against a statewide median of 6.63%.

About this data. Figures are GTE Federal 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