Service Federal Credit Union · Florida · 2025

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

Service Federal Credit Union took 84 mortgage applications in Florida in 2025, ranking #514 of 1,993 lenders active in the state. It originated 51.2% of them and denied 28.6% (34.8% of the applications it decided), against a statewide denial rate of 21.1%.

84Applicationsin FL
34.8%Decision denial ratestate 27.2%
6.49%Median ratestate 6.63%
$125,000Median loanstate $255,000
$7.7MVolume28 counties

Service Federal Credit Union in Florida vs the state

28.6%Denial rate+7.51 pts vs state
34.8%Decision denial rate+7.54 pts vs state
51.2%Origination rate-1.50 pts vs state
6.49%Median rate-0.13 pts vs state
-0.25Rate spread (pts)-0.52 pts vs state
$117kMedian applicant income
43Loans originated
24Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231145629.0%5.75%#464
2024743328.4%6.49%#530
2025844328.6%6.49%#514

What Service Federal Credit Union lends in Florida

By loan purpose

Home purchase 35 42% · 22.9% denied
Refinance 1 1% · 0.0% denied
Cash-out refinance 5 6% · 40.0% denied
Home improvement 28 33% · 39.3% denied
Other / HELOC 15 18% · 20.0% denied

By loan type

Conventional 76 90% · 30.3% denied
VA 8 10% · 12.5% denied

Why it denied Florida applicants

Debt-to-income ratio 17 71%
Collateral 2 8%
Credit history 2 8%
Other 2 8%
Insufficient cash 1 4%

Where in Florida

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

CountyApplicationsOriginatedDeniedDenial rate
Hillsborough County 1071 10.0%
Marion County 862 25.0%
Okaloosa County 641 16.7%
Brevard County 612 33.3%
Manatee County 532 40.0%
Palm Beach County 522 40.0%
Charlotte County 431 25.0%
Polk County 411 25.0%
Miami-Dade County 310 0.0%
Orange County 311 33.3%

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: 84 applications in 2025, of which 43 were originated and 24 denied.

28.6% of all applications, or 34.8% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Service Federal Credit Union originated in Florida in 2025 was 6.49%, against a statewide median of 6.63%.

About this data. Figures are Service 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