State Department Federal Credit Union in Florida vs the state
39.3%Denial rate+18.23 pts vs state
55.0%Decision denial rate+27.76 pts vs state
32.1%Origination rate-20.55 pts vs state
6.67%Median rate+0.04 pts vs state
-0.25Rate spread (pts)-0.52 pts vs state
$140kMedian applicant income
18Loans originated
22Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 67 | 33 | 32.8% | 7.25% | #565 |
| 2024 | 96 | 48 | 27.1% | 7.75% | #482 |
| 2025 | 56 | 18 | 39.3% | 6.67% | #584 |
What State Department Federal Credit Union lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most State Department Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Broward County | 11 | 3 | 5 | 45.5% |
| Palm Beach County | 7 | 4 | 3 | 42.9% |
| Miami-Dade County | 7 | 1 | 2 | 28.6% |
| Orange County | 5 | 2 | 2 | 40.0% |
| Polk County | 3 | 0 | 1 | 33.3% |
| Hillsborough County | 3 | 0 | 2 | 66.7% |
| Osceola County | 3 | 1 | 1 | 33.3% |
| Seminole County | 2 | 0 | 0 | 0.0% |
| Pinellas County | 2 | 1 | 1 | 50.0% |
| Marion County | 2 | 1 | 1 | 50.0% |
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: 56 applications in 2025, of which 18 were originated and 22 denied.
39.3% of all applications, or 55.0% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans State Department Federal Credit Union originated in Florida in 2025 was 6.67%, against a statewide median of 6.63%.
About this data. Figures are State Department 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