Michigan First Credit Union in Florida vs the state
14.3%Denial rate-6.77 pts vs state
14.3%Decision denial rate-12.95 pts vs state
85.7%Origination rate+33.02 pts vs state
6.56%Median rate-0.06 pts vs state
0.23Rate spread (pts)-0.03 pts vs state
$310kMedian applicant income
6Loans originated
1Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 22 | 13 | 13.6% | 6.75% | #815 |
| 2024 | 10 | 9 | 0.0% | 6.88% | #906 |
| 2025 | 7 | 6 | 14.3% | 6.56% | #1,032 |
What Michigan First Credit Union lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Michigan First Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Collier County | 2 | 2 | 0 | 0.0% |
| Hillsborough County | 1 | 0 | 1 | 100.0% |
| Pinellas County | 1 | 1 | 0 | 0.0% |
| Orange County | 1 | 1 | 0 | 0.0% |
| Lee County | 1 | 1 | 0 | 0.0% |
| Palm Beach County | 1 | 1 | 0 | 0.0% |
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: 7 applications in 2025, of which 6 were originated and 1 denied.
14.3% of all applications, or 14.3% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Michigan First Credit Union originated in Florida in 2025 was 6.56%, against a statewide median of 6.63%.
About this data. Figures are Michigan First 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