Miami Firefighters Federal Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
10th26.8% deniedPricingmedian rate spread over APOR, weight 30%
68th0.14 ptsProcesswithdrawn + incomplete share, weight 15%
3rd36.9%Closing coststotal loan costs ÷ loan amount, weight 10%
66th1.50% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 110 | 102 | 4.6% | 4.6% | 6.25% | $12M |
| 2024 | 70 | 66 | 1.4% | 1.5% | 7.25% | $6.6M |
| 2025 | 195 | 90 | 16.9% | 26.8% | 6.25% | $12M |
What Miami Firefighters Federal Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 69 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 0 investment properties.
Why Miami Firefighters Federal Credit Union denies applications
Primary reason reported for each of the 33 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Miami Firefighters Federal Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $100k – $150k | 68 | 36 | 23.4% |
| $150k – $250k | 79 | 36 | 20.0% |
| Over $250k | 23 | 10 | 23.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 27 | 12 | 33.3% |
| 35–44 | 60 | 31 | 20.5% |
| 45–54 | 59 | 25 | 32.4% |
| 55–64 | 32 | 17 | 15.0% |
Where Miami Firefighters Federal Credit Union lends
1 states and 10 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 195 | 90 | 16.9% | 6.25% | #374 |
Frequently asked questions
Miami Firefighters Federal Credit Union denied 26.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 10th percentile of small mortgage lenders.
The most common reason Miami Firefighters Federal Credit Union gave in 2025 was "other", cited on 93.9% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Miami Firefighters Federal Credit Union originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was 0.14 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 5% of its applications were for home purchases, 3% for refinancing (including cash-out), and 92% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.