TOWER Federal Credit Union in Florida vs the state
34.2%Denial rate+13.09 pts vs state
37.8%Decision denial rate+10.60 pts vs state
55.5%Origination rate+2.80 pts vs state
7.00%Median rate+0.38 pts vs state
-0.24Rate spread (pts)-0.51 pts vs state
$150kMedian applicant income
91Loans originated
56Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 236 | 116 | 33.5% | 7.00% | #355 |
| 2024 | 208 | 106 | 36.1% | 7.75% | #375 |
| 2025 | 164 | 91 | 34.2% | 7.00% | #408 |
What TOWER Federal Credit Union lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most TOWER Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Palm Beach County | 19 | 10 | 7 | 36.8% |
| Broward County | 16 | 8 | 5 | 31.3% |
| Hillsborough County | 12 | 7 | 4 | 33.3% |
| Lee County | 9 | 6 | 2 | 22.2% |
| Orange County | 9 | 3 | 5 | 55.6% |
| Manatee County | 8 | 7 | 0 | 0.0% |
| Miami-Dade County | 8 | 5 | 3 | 37.5% |
| Sumter County | 6 | 5 | 1 | 16.7% |
| Polk County | 6 | 4 | 2 | 33.3% |
| Pinellas County | 6 | 4 | 2 | 33.3% |
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: 164 applications in 2025, of which 91 were originated and 56 denied.
34.2% of all applications, or 37.8% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans TOWER Federal Credit Union originated in Florida in 2025 was 7.00%, against a statewide median of 6.63%.
About this data. Figures are TOWER 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