Lake Michigan Credit Union in Florida vs the state
11.4%Denial rate-9.65 pts vs state
14.0%Decision denial rate-13.21 pts vs state
66.6%Origination rate+13.90 pts vs state
6.49%Median rate-0.13 pts vs state
0.00Rate spread (pts)-0.27 pts vs state
$160kMedian applicant income
1,196Loans originated
205Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,628 | 1,085 | 12.6% | 7.00% | #99 |
| 2024 | 1,618 | 1,101 | 12.5% | 6.88% | #102 |
| 2025 | 1,796 | 1,196 | 11.4% | 6.49% | #101 |
What Lake Michigan Credit Union lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Lake Michigan Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lee County | 672 | 444 | 85 | 12.6% |
| Collier County | 414 | 277 | 59 | 14.3% |
| Charlotte County | 160 | 115 | 14 | 8.8% |
| Hillsborough County | 112 | 70 | 14 | 12.5% |
| Pinellas County | 67 | 43 | 2 | 3.0% |
| Sarasota County | 64 | 47 | 5 | 7.8% |
| Pasco County | 37 | 22 | 4 | 10.8% |
| Manatee County | 32 | 17 | 4 | 12.5% |
| Lake County | 31 | 20 | 2 | 6.5% |
| Polk County | 26 | 15 | 5 | 19.2% |
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: 1,796 applications in 2025, of which 1,196 were originated and 205 denied.
11.4% of all applications, or 14.0% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Lake Michigan Credit Union originated in Florida in 2025 was 6.49%, against a statewide median of 6.63%.
About this data. Figures are Lake Michigan 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