Tropical Financial Credit Union mortgage approval rate & lending review
Tropical Financial Credit Union decided 2,270 mortgage applications and funded 1,158 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Tropical Financial Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Tropical Financial Credit Union at a glance
Approval is 17.2 points below the 69.9% 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 | 70% | 108 / 154 | 97% | $365K | 105 |
| Cash-out refinance | 52% | 1,053 / 2,026 | 97% | $85K | 1,018 |
| Refinance | 35% | 13 / 37 | 100% | $385K | 13 |
| Investment cash-out refinance | 17% | 5 / 29 | 100% | $115K | 5 |
Tropical Financial Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Florida | 53% | $85K | 2,269 | 1,158 |
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 Tropical Financial Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Broward County, FL | Cash-out refinance | 52% | 841 | 423 |
| Miami-Dade County, FL | Cash-out refinance | 51% | 645 | 318 |
| Palm Beach County, FL | Cash-out refinance | 53% | 352 | 183 |
| St. Lucie County, FL | Cash-out refinance | 51% | 37 | 19 |
The county markets where Tropical Financial Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Tropical Financial Credit Union
What is Tropical Financial Credit Union's mortgage approval rate?
Tropical Financial Credit Union approved 52.7% of the 2,270 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 17.2 points below the 69.9% national rate for the same mix of loan types.
How often do borrowers take the loan Tropical Financial Credit Union offers?
Borrowers accepted 97% of the loans Tropical Financial Credit Union approved, against 94% for all cash-out refinance lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Tropical Financial Credit Union make?
The typical cash-out refinance loan Tropical Financial Credit Union made was $85K; across all loan types its typical loan ran from $85K to $385K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Tropical Financial Credit Union lend?
Tropical Financial Credit Union decided applications in 2 of the states Fat Boy Data covers, most of them in Florida and Georgia.
Can I apply to Tropical Financial Credit Union directly?
Yes. Tropical Financial Credit Union is a bank or credit union with 6 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Tropical Financial Credit Union'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 Tropical Financial Credit Union treats applications, then get a rate quote from the lender.