Northwest Federal Credit Union · Florida · 2025

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

Northwest Federal Credit Union took 196 mortgage applications in Florida in 2025, ranking #369 of 1,993 lenders active in the state. It originated 46.4% of them and denied 28.6% (35.9% of the applications it decided), against a statewide denial rate of 21.1%.

196Applicationsin FL
35.9%Decision denial ratestate 27.2%
7.00%Median ratestate 6.63%
$105,000Median loanstate $255,000
$17MVolume34 counties

Northwest Federal Credit Union in Florida vs the state

28.6%Denial rate+7.51 pts vs state
35.9%Decision denial rate+8.66 pts vs state
46.4%Origination rate-6.26 pts vs state
7.00%Median rate+0.38 pts vs state
0.46Rate spread (pts)+0.19 pts vs state
$136kMedian applicant income
91Loans originated
56Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
202337620033.8%7.00%#278
202424011137.1%7.63%#353
20251969128.6%7.00%#369

What Northwest Federal Credit Union lends in Florida

By loan purpose

Home purchase 27 14% · 14.8% denied
Refinance 3 2% · 0.0% denied
Cash-out refinance 86 44% · 36.1% denied
Home improvement 80 41% · 26.3% denied

By loan type

Conventional 196 100% · 28.6% denied

Why it denied Florida applicants

Debt-to-income ratio 41 73%
Credit history 7 13%
Collateral 6 11%
Other 2 4%

Where in Florida

Counties with the most Northwest Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Palm Beach County 27115 18.5%
Broward County 22126 27.3%
Miami-Dade County 1878 44.4%
Seminole County 1435 35.7%
Orange County 1055 50.0%
Brevard County 961 11.1%
St. Lucie County 934 44.4%
Osceola County 733 42.9%
Volusia County 734 57.1%
Lake County 734 57.1%

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: 196 applications in 2025, of which 91 were originated and 56 denied.

28.6% of all applications, or 35.9% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Northwest Federal Credit Union originated in Florida in 2025 was 7.00%, against a statewide median of 6.63%.

About this data. Figures are Northwest 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