Quorum Federal Credit Union · Florida · 2025

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

Quorum Federal Credit Union took 917 mortgage applications in Florida in 2025, ranking #163 of 1,993 lenders active in the state. It originated 42.4% of them and denied 40.6% (43.1% of the applications it decided), against a statewide denial rate of 21.1%.

917Applicationsin FL
43.1%Decision denial ratestate 27.2%
8.63%Median ratestate 6.63%
$155,000Median loanstate $255,000
$78MVolume50 counties

Quorum Federal Credit Union in Florida vs the state

40.6%Denial rate+19.51 pts vs state
43.1%Decision denial rate+15.87 pts vs state
42.4%Origination rate-10.27 pts vs state
8.63%Median rate+2.00 pts vs state
1.37Rate spread (pts)+1.10 pts vs state
$160kMedian applicant income
389Loans originated
372Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232849753.9%10.75%#323
202452822935.4%9.75%#235
202591738940.6%8.63%#163

What Quorum Federal Credit Union lends in Florida

By loan purpose

Home purchase 54 6% · 35.2% denied
Refinance 72 8% · 36.1% denied
Cash-out refinance 759 83% · 41.4% denied
Home improvement 32 3% · 40.6% denied

By loan type

Conventional 917 100% · 40.6% denied

Why it denied Florida applicants

Debt-to-income ratio 217 58%
Incomplete application 68 18%
Collateral 46 12%
Other 20 5%
Credit history 19 5%
Insufficient cash 1 0%
Employment history 1 0%

Where in Florida

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

CountyApplicationsOriginatedDeniedDenial rate
Palm Beach County 1134939 34.5%
Miami-Dade County 1104949 44.5%
Broward County 722336 50.0%
Hillsborough County 603119 31.7%
Orange County 572425 43.9%
Duval County 472617 36.2%
Pinellas County 471618 38.3%
Pasco County 351712 34.3%
St. Johns County 341511 32.4%
Collier County 26915 57.7%

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: 917 applications in 2025, of which 389 were originated and 372 denied.

40.6% of all applications, or 43.1% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Quorum Federal Credit Union originated in Florida in 2025 was 8.63%, against a statewide median of 6.63%.

About this data. Figures are Quorum 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