Navy Federal Credit Union in Florida vs the state
23.2%Denial rate+2.14 pts vs state
34.5%Decision denial rate+7.22 pts vs state
43.3%Origination rate-9.42 pts vs state
7.59%Median rate+0.96 pts vs state
0.51Rate spread (pts)+0.24 pts vs state
$113kMedian applicant income
8,416Loans originated
4,513Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 21,348 | 8,619 | 30.3% | 7.65% | #5 |
| 2024 | 21,112 | 9,135 | 25.4% | 7.95% | #5 |
| 2025 | 19,452 | 8,416 | 23.2% | 7.59% | #5 |
What Navy Federal Credit Union lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Navy Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Duval County | 1,993 | 896 | 428 | 21.5% |
| Escambia County | 1,451 | 772 | 234 | 16.1% |
| Hillsborough County | 1,395 | 570 | 344 | 24.7% |
| Broward County | 1,143 | 351 | 388 | 33.9% |
| Orange County | 1,101 | 460 | 279 | 25.3% |
| Santa Rosa County | 974 | 513 | 182 | 18.7% |
| Brevard County | 793 | 356 | 133 | 16.8% |
| Miami-Dade County | 736 | 202 | 256 | 34.8% |
| Pinellas County | 728 | 311 | 172 | 23.6% |
| Palm Beach County | 665 | 235 | 190 | 28.6% |
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% |
| 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% |
| Regions Bank | C | 14,062 | 39.5% | 5.38% |
Frequently asked questions
Florida: 19,452 applications in 2025, of which 8,416 were originated and 4,513 denied.
23.2% of all applications, or 34.5% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Navy Federal Credit Union originated in Florida in 2025 was 7.59%, against a statewide median of 6.63%.
About this data. Figures are Navy 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