Gulf Winds Credit Union · Florida · 2025

Gulf Winds Credit Union in Florida: approval rate, denial rate and rates (2025)

Gulf Winds Credit Union took 482 mortgage applications in Florida in 2025, ranking #244 of 1,993 lenders active in the state. It originated 46.1% of them and denied 14.5% (23.8% of the applications it decided), against a statewide denial rate of 21.1%.

482Applicationsin FL
23.8%Decision denial ratestate 27.2%
7.75%Median ratestate 6.63%
$105,000Median loanstate $255,000
$32MVolume16 counties

Gulf Winds Credit Union in Florida vs the state

14.5%Denial rate-6.54 pts vs state
23.8%Decision denial rate-3.43 pts vs state
46.1%Origination rate-6.63 pts vs state
7.75%Median rate+1.13 pts vs state
1.22Rate spread (pts)+0.95 pts vs state
$100kMedian applicant income
222Loans originated
70Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
202374729911.0%6.05%#185
202462228311.3%#208
202548222214.5%7.75%#244

What Gulf Winds Credit Union lends in Florida

By loan purpose

Home purchase 127 26% · 11.8% denied
Refinance 21 4% · 19.1% denied
Cash-out refinance 282 59% · 17.4% denied
Home improvement 51 11% · 3.9% denied
Other / HELOC 1 0% · 0.0% denied

By loan type

Conventional 459 95% · 14.2% denied
FHA 15 3% · 13.3% denied
VA 7 1% · 42.9% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Florida applicants

Debt-to-income ratio 30 43%
Credit history 27 39%
Collateral 5 7%
Other 3 4%
Employment history 2 3%
Incomplete application 2 3%
Insufficient cash 1 1%

Where in Florida

Counties with the most Gulf Winds Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Escambia County 22710434 15.0%
Santa Rosa County 1437518 12.6%
Leon County 41175 12.2%
Wakulla County 28163 10.7%
Okaloosa County 1004 40.0%
Gadsden County 913 33.3%
Bay County 622 33.3%
Jefferson County 400 0.0%
Franklin County 310 0.0%
Polk County 210 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: 482 applications in 2025, of which 222 were originated and 70 denied.

14.5% of all applications, or 23.8% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Gulf Winds Credit Union originated in Florida in 2025 was 7.75%, against a statewide median of 6.63%.

About this data. Figures are Gulf Winds 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