Power Financial mortgage approval rate & lending review
Power Financial decided 533 mortgage applications and funded 449 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Power Financial reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Power Financial at a glance
Approval is 10.0 points above the 74.3% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 95% | 168 / 176 | 100% | $415K | 168 |
| Home improvement loans | 80% | 169 / 212 | 100% | $75K | 169 |
| Cash-out refinance | 67% | 28 / 42 | 100% | $355K | 28 |
| Refinance | 88% | 67 / 76 | 100% | $155K | 67 |
Power Financial lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Florida | 84% | $155K | 533 | 449 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Power Financial lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Miami-Dade County, FL | Home improvement loans | 82% | 97 | 80 |
| Palm Beach County, FL | Home improvement loans | 81% | 59 | 48 |
| Miami-Dade County, FL | Refinance | 95% | 43 | 41 |
| Broward County, FL | Home improvement loans | 73% | 55 | 40 |
The county markets where Power Financial made the most loans. Each link opens that market with every lender ranked.
Questions about Power Financial
What is Power Financial's mortgage approval rate?
Power Financial approved 84.2% of the 533 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 10.0 points above the 74.3% national rate for the same mix of loan types.
How often do borrowers take the loan Power Financial offers?
Borrowers accepted 100% of the loans Power Financial approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Power Financial make?
The typical home improvement loan loan Power Financial made was $75K; across all loan types its typical loan ran from $75K to $415K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Power Financial lend?
Power Financial decided applications in 1 of the states Fat Boy Data covers, most of them in Florida.
Can I apply to Power Financial directly?
Yes. Power Financial is a bank or credit union with 7 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Power Financial's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Power Financial treats applications, then get a rate quote from the lender.