Space Coast Credit Union · Florida · 2025

Space Coast Credit Union in Florida: approval rate, denial rate and rates (2025)

Space Coast Credit Union took 12,006 mortgage applications in Florida in 2025, ranking #17 of 1,993 lenders active in the state. It originated 49.1% of them and denied 30.0% (35.2% of the applications it decided), against a statewide denial rate of 21.1%.

12kApplicationsin FL
35.2%Decision denial ratestate 27.2%
5.50%Median ratestate 6.63%
$105,000Median loanstate $255,000
$1.1BVolume50 counties

Space Coast Credit Union in Florida vs the state

30.0%Denial rate+8.89 pts vs state
35.2%Decision denial rate+7.99 pts vs state
49.1%Origination rate-3.55 pts vs state
5.50%Median rate-1.13 pts vs state
-0.02Rate spread (pts)-0.29 pts vs state
$125kMedian applicant income
5,900Loans originated
3,596Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
202312,6925,43734.4%5.74%#13
202411,6285,35832.6%5.74%#19
202512,0065,90030.0%5.50%#17

What Space Coast Credit Union lends in Florida

By loan purpose

Home purchase 2,007 17% · 15.5% denied
Refinance 526 4% · 31.0% denied
Cash-out refinance 2,497 21% · 25.8% denied
Home improvement 4,099 34% · 29.5% denied
Other / HELOC 2,877 24% · 44.2% denied

By loan type

Conventional 11,949 100% · 29.9% denied
FHA 38 0% · 44.7% denied
VA 19 0% · 31.6% denied

Why it denied Florida applicants

Debt-to-income ratio 2,259 63%
Credit history 755 21%
Collateral 395 11%
Other 128 4%
Insufficient cash 40 1%
Employment history 12 0%
Unverifiable information 4 0%
Incomplete application 3 0%

Where in Florida

Counties with the most Space Coast Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Brevard County 3,0271,793608 20.1%
Miami-Dade County 2,371954932 39.3%
Broward County 2,227961803 36.1%
Volusia County 1,143598311 27.2%
Palm Beach County 722351232 32.1%
Indian River County 390209102 26.2%
Orange County 33018576 23.0%
Flagler County 24313065 26.7%
St. Lucie County 2259482 36.4%
Seminole County 1368027 19.9%

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: 12,006 applications in 2025, of which 5,900 were originated and 3,596 denied.

30.0% of all applications, or 35.2% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Space Coast Credit Union originated in Florida in 2025 was 5.50%, against a statewide median of 6.63%.

About this data. Figures are Space Coast 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