Lenders › Tower Federal Credit Union › Florida
Tower Federal Credit Union in Florida
HMDA record for properties in Florida, calendar year 2024. National record · Florida overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Tower Federal Credit Union's 2024 HMDA record for Florida covers 208 applications, 106 of them originated, worth $19m.
Its denial rate in the state was 40.8%, above the Florida rate of 29.0% across all lenders and compared with the lender's national rate of 34.6%.
The median rate spread on its Florida originations was -0.2 percentage points (state median 0.3).
Applications in the state were down 12% on 2023.
Compared with the state and the lender's national record
| Measure | In Florida | Florida, all lenders | Tower Federal Credit Union, all states | United States |
|---|---|---|---|---|
| Denial rate | 40.8% | 29.0% | 34.6% | 24.3% |
| Median rate spread, pp | -0.2 | 0.3 | -0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 8.5% | 16.4% | 10.6% | 15.6% |
| Average originated loan | $181k | $359k | $159k | $329k |
| Home purchase share | 30.2% | 62.9% | 14.9% | 57.0% |
| FHA-insured share | 0.0% | 17.7% | 0.0% | 13.4% |
| VA-guaranteed share | 0.0% | 9.5% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateFlorida, all lenders
Loan purpose and loan type in Florida
By purpose
Home purchase 30% (32)Home improvement 40% (42)Refinancing 1% (1)Cash-out refinancing 10% (11)Other purpose 19% (20)
By type
Conventional 100% (106)
Denial reasons as coded
Share of 75 denials in Florida by first denial reason coded (outlined bar: all lenders in the state).
Counties in Florida
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Palm Beach County | 32 | 15 | $2.9m | 44.8% |
| Broward County | 27 | 12 | $2.1m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Tower Federal Credit Union originate in Florida in 2024?
106 loans totalling $19m, from 208 applications reported for properties in Florida.
What is Tower Federal Credit Union's denial rate in Florida?
40.8% of decided applications in Florida were denied, against 29.0% for all lenders in the state and 34.6% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Florida counties does Tower Federal Credit Union lend in most?
By originations: Palm Beach County (15), Broward County (12).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Florida. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.