USF Federal Credit Union · Florida · 2025

USF Federal Credit Union in Florida: approval rate, denial rate and rates (2025)

USF Federal Credit Union took 675 mortgage applications in Florida in 2025, ranking #200 of 1,993 lenders active in the state. It originated 48.0% of them and denied 29.9% (37.3% of the applications it decided), against a statewide denial rate of 21.1%.

675Applicationsin FL
37.3%Decision denial ratestate 27.2%
6.13%Median ratestate 6.63%
$125,000Median loanstate $255,000
$68MVolume36 counties

USF Federal Credit Union in Florida vs the state

29.9%Denial rate+8.87 pts vs state
37.3%Decision denial rate+10.03 pts vs state
48.0%Origination rate-4.69 pts vs state
6.13%Median rate-0.50 pts vs state
-0.11Rate spread (pts)-0.38 pts vs state
$120kMedian applicant income
324Loans originated
202Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
202374236827.8%8.50%#186
202476133334.6%8.50%#183
202567532429.9%6.13%#200

What USF Federal Credit Union lends in Florida

By loan purpose

Home purchase 149 22% · 10.7% denied
Refinance 84 12% · 56.0% denied
Cash-out refinance 54 8% · 37.0% denied
Home improvement 191 28% · 28.8% denied
Other / HELOC 197 29% · 32.5% denied

By loan type

Conventional 675 100% · 29.9% denied

Why it denied Florida applicants

Debt-to-income ratio 78 39%
Other 37 18%
Collateral 37 18%
Credit history 17 8%
Unverifiable information 17 8%
Incomplete application 13 6%
Employment history 2 1%
Insufficient cash 1 0%

Where in Florida

Counties with the most USF Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hillsborough County 27313091 33.3%
Pasco County 1166226 22.4%
Pinellas County 844417 20.2%
Sarasota County 391618 46.2%
Orange County 32118 25.0%
Polk County 1648 50.0%
Manatee County 15122 13.3%
Palm Beach County 1255 41.7%
Seminole County 971 11.1%
Osceola County 953 33.3%

Other large lenders in Florida

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 71,40515.3%6.44%
Rocket MortgageC 46,61121.0%6.63%
Bank of AmericaF 23,63437.7%6.24%
Pennymac Loan ServicesC 19,51614.1%6.50%
Navy Federal Credit UnionD 19,45223.2%7.59%
Crosscountry MortgageB 19,1035.2%6.75%
NewrezD 17,51922.4%6.75%
Dhi Mortgage CompanyB 16,66114.5%4.88%
Lennar MortgageA 14,98421.0%4.75%
Truist BankC 14,14041.5%6.60%

Frequently asked questions

Florida: 675 applications in 2025, of which 324 were originated and 202 denied.

29.9% of all applications, or 37.3% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans USF Federal Credit Union originated in Florida in 2025 was 6.13%, against a statewide median of 6.63%.

About this data. Figures are USF 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