Tropical Financial Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
4th47.5% deniedPricingmedian rate spread over APOR, weight 30%
54th0.06 ptsProcesswithdrawn + incomplete share, weight 15%
12th21.2%Closing coststotal loan costs ÷ loan amount, weight 10%
7th6.02% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 994 | 406 | 37.7% | 47.5% | 7.50% | $60M |
| 2024 | 896 | 383 | 38.8% | 46.5% | 7.74% | $56M |
| 2025 | 948 | 381 | 37.5% | 47.5% | 7.00% | $61M |
What Tropical Financial Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 626 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 18 investment properties.
Why Tropical Financial Credit Union denies applications
Primary reason reported for each of the 355 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Tropical Financial Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 77 | 9 | 85.3% |
| $50k – $100k | 283 | 90 | 59.5% |
| $100k – $150k | 253 | 117 | 37.8% |
| $150k – $250k | 204 | 118 | 27.0% |
| Over $250k | 120 | 42 | 46.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 56 | 16 | 62.2% |
| 35–44 | 206 | 81 | 47.1% |
| 45–54 | 269 | 117 | 45.0% |
| 55–64 | 239 | 97 | 46.8% |
| 65–74 | 130 | 58 | 41.2% |
| Over 74 | 44 | 10 | 69.7% |
Where Tropical Financial Credit Union lends
4 states and 34 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 945 | 381 | 37.4% | 7.00% | #160 |
Frequently asked questions
Tropical Financial Credit Union denied 47.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 4th percentile of home-equity (HELOC) lenders.
The most common reason Tropical Financial Credit Union gave in 2025 was "debt-to-income ratio", cited on 50.4% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Tropical Financial Credit Union originated in 2025 was 7.00%, and its median rate spread over the average prime offer rate was 0.06 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 6% of its applications were for home purchases, 94% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.