Innovations Financial Credit Union in Florida vs the state
13.8%Denial rate-7.28 pts vs state
19.0%Decision denial rate-8.22 pts vs state
58.7%Origination rate+5.98 pts vs state
—Median rate
—Rate spread (pts)
$96kMedian applicant income
132Loans originated
31Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 181 | 145 | 8.8% | — | #403 |
| 2024 | 258 | 169 | 13.2% | — | #340 |
| 2025 | 225 | 132 | 13.8% | — | #350 |
What Innovations Financial Credit Union lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Innovations Financial Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bay County | 143 | 90 | 18 | 12.6% |
| Washington County | 37 | 20 | 4 | 10.8% |
| Jackson County | 8 | 8 | 0 | 0.0% |
| Walton County | 8 | 6 | 0 | 0.0% |
| Holmes County | 7 | 4 | 2 | 28.6% |
| Gulf County | 2 | 1 | 1 | 50.0% |
| Okaloosa County | 1 | 1 | 0 | 0.0% |
| Sumter County | 1 | 1 | 0 | 0.0% |
| Pinellas County | 1 | 0 | 1 | 100.0% |
Other large lenders in Florida
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 71,405 | 15.3% | 6.44% |
| Rocket Mortgage | C | 46,611 | 21.0% | 6.63% |
| Bank of America | F | 23,634 | 37.7% | 6.24% |
| Pennymac Loan Services | C | 19,516 | 14.1% | 6.50% |
| Navy Federal Credit Union | D | 19,452 | 23.2% | 7.59% |
| Crosscountry Mortgage | B | 19,103 | 5.2% | 6.75% |
| Newrez | D | 17,519 | 22.4% | 6.75% |
| Dhi Mortgage Company | B | 16,661 | 14.5% | 4.88% |
| Lennar Mortgage | A | 14,984 | 21.0% | 4.75% |
| Truist Bank | C | 14,140 | 41.5% | 6.60% |
Frequently asked questions
Florida: 225 applications in 2025, of which 132 were originated and 31 denied.
13.8% of all applications, or 19.0% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are Innovations Financial 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