Tropical Financial Credit Union in Florida vs the state
37.4%Denial rate+16.29 pts vs state
47.4%Decision denial rate+20.14 pts vs state
40.3%Origination rate-12.37 pts vs state
7.00%Median rate+0.38 pts vs state
0.06Rate spread (pts)-0.21 pts vs state
$118kMedian applicant income
381Loans originated
353Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 994 | 406 | 37.7% | 7.50% | #151 |
| 2024 | 896 | 383 | 38.8% | 7.74% | #164 |
| 2025 | 945 | 381 | 37.4% | 7.00% | #160 |
What Tropical Financial Credit Union lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Tropical Financial Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Broward County | 359 | 144 | 136 | 37.9% |
| Miami-Dade County | 277 | 114 | 102 | 36.8% |
| Palm Beach County | 189 | 74 | 74 | 39.2% |
| Lee County | 11 | 8 | 1 | 9.1% |
| St. Lucie County | 10 | 7 | 2 | 20.0% |
| Hillsborough County | 9 | 5 | 2 | 22.2% |
| Collier County | 7 | 2 | 1 | 14.3% |
| Brevard County | 7 | 2 | 3 | 42.9% |
| Martin County | 7 | 2 | 1 | 14.3% |
| Orange County | 6 | 3 | 3 | 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: 945 applications in 2025, of which 381 were originated and 353 denied.
37.4% of all applications, or 47.4% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Tropical Financial Credit Union originated in Florida in 2025 was 7.00%, against a statewide median of 6.63%.
About this data. Figures are Tropical Financial 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