USF Federal 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%
13th37.5% deniedPricingmedian rate spread over APOR, weight 30%
64th-0.11 ptsProcesswithdrawn + incomplete share, weight 15%
14th20.2%Closing coststotal loan costs ÷ loan amount, weight 10%
32nd3.81% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 754 | 368 | 28.4% | 36.0% | 8.50% | $55M |
| 2024 | 763 | 333 | 34.6% | 43.1% | 8.50% | $71M |
| 2025 | 682 | 324 | 29.9% | 37.5% | 6.13% | $68M |
What USF Federal 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: 342 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 44 investment properties.
Why USF Federal Credit Union denies applications
Primary reason reported for each of the 204 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at USF Federal 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 | 47 | 14 | 61.5% |
| $50k – $100k | 171 | 83 | 41.2% |
| $100k – $150k | 171 | 89 | 31.4% |
| $150k – $250k | 139 | 84 | 20.7% |
| Over $250k | 74 | 51 | 17.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 90 | 48 | 29.2% |
| 35–44 | 148 | 64 | 36.8% |
| 45–54 | 202 | 102 | 37.3% |
| 55–64 | 143 | 65 | 41.5% |
| 65–74 | 64 | 27 | 47.2% |
| Over 74 | 31 | 15 | 30.4% |
Where USF Federal Credit Union lends
4 states and 38 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 675 | 324 | 29.9% | 6.13% | #200 |
Frequently asked questions
USF Federal Credit Union denied 37.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 13th percentile of home-equity (HELOC) lenders.
The most common reason USF Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 38.2% 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 USF Federal Credit Union originated in 2025 was 6.13%, and its median rate spread over the average prime offer rate was -0.11 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 22% of its applications were for home purchases, 21% for refinancing (including cash-out), and 58% 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.