Mayo Employees Federal Credit Union · Florida · 2025

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

Mayo Employees Federal Credit Union took 35 mortgage applications in Florida in 2025, ranking #661 of 1,993 lenders active in the state. It originated 80.0% of them and denied 11.4% (12.5% of the applications it decided), against a statewide denial rate of 21.1%.

35Applicationsin FL
12.5%Decision denial ratestate 27.2%
6.45%Median ratestate 6.63%
$205,000Median loanstate $255,000
$18MVolume6 counties

Mayo Employees Federal Credit Union in Florida vs the state

11.4%Denial rate-9.63 pts vs state
12.5%Decision denial rate-14.74 pts vs state
80.0%Origination rate+27.31 pts vs state
6.45%Median rate-0.18 pts vs state
0.21Rate spread (pts)-0.06 pts vs state
$390kMedian applicant income
28Loans originated
4Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
202344374.6%6.00%#654
2024574610.5%6.66%#576
2025352811.4%6.45%#661

What Mayo Employees Federal Credit Union lends in Florida

By loan purpose

Home purchase 17 49% · 0.0% denied
Refinance 4 11% · 0.0% denied
Cash-out refinance 6 17% · 50.0% denied
Home improvement 6 17% · 0.0% denied
Other / HELOC 2 6% · 50.0% denied

By loan type

Conventional 35 100% · 11.4% denied

Why it denied Florida applicants

Debt-to-income ratio 2 50%
Collateral 2 50%

Where in Florida

Counties with the most Mayo Employees Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Duval County 22192 9.1%
St. Johns County 981 11.1%
Orange County 101 100.0%
Nassau County 100 0.0%
Pinellas County 100 0.0%
Clay County 110 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: 35 applications in 2025, of which 28 were originated and 4 denied.

11.4% of all applications, or 12.5% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Mayo Employees Federal Credit Union originated in Florida in 2025 was 6.45%, against a statewide median of 6.63%.

About this data. Figures are Mayo Employees 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