Pen Air Credit Union in Florida vs the state
31.2%Denial rate+10.10 pts vs state
39.2%Decision denial rate+11.98 pts vs state
48.0%Origination rate-4.73 pts vs state
7.74%Median rate+1.12 pts vs state
0.75Rate spread (pts)+0.48 pts vs state
$88kMedian applicant income
294Loans originated
191Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 804 | 303 | 40.3% | 8.49% | #176 |
| 2024 | 590 | 216 | 39.5% | 8.31% | #216 |
| 2025 | 613 | 294 | 31.2% | 7.74% | #215 |
What Pen Air Credit Union lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Pen Air Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Escambia County | 333 | 159 | 106 | 31.8% |
| Santa Rosa County | 247 | 123 | 77 | 31.2% |
| Okaloosa County | 13 | 4 | 5 | 38.5% |
| Walton County | 7 | 2 | 1 | 14.3% |
| Marion County | 2 | 1 | 0 | 0.0% |
| Hillsborough County | 2 | 0 | 0 | 0.0% |
| Bay County | 2 | 2 | 0 | 0.0% |
| Collier County | 1 | 0 | 0 | 0.0% |
| Duval County | 1 | 0 | 0 | 0.0% |
| Volusia County | 1 | 0 | 1 | 100.0% |
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: 613 applications in 2025, of which 294 were originated and 191 denied.
31.2% of all applications, or 39.2% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Pen Air Credit Union originated in Florida in 2025 was 7.74%, against a statewide median of 6.63%.
About this data. Figures are Pen Air 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