Pen Air Credit Union
Pen Air Credit Union received 896 applications in 2025 and made 421 mortgages, in 25 counties across 5 states. The median rate its borrowers got was 7.740% on a median loan of $95,000. Of 728 decisions, 302 were denials — 41.5%, most often for other.
| Legal Entity Identifier | 254900T576VYG7I55390 |
|---|---|
| Applications received | 896 |
| Mortgages made | 421 |
| Denied | 302 |
| Approved, not taken up | 5 |
| Withdrawn or incomplete | 168 |
| Loans bought from other lenders | 0 |
| Median rate spread over the prime offer rate | 0.76 points |
| FDIC-insured bank | This lender is not an FDIC-insured bank under this name: a mortgage company, a credit union, or a bank filing under another name. |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 98 | 6.500% | $235,000 | 21.3% |
| Refinancing | 76 | 7.990% | $100,000 | 20.0% |
| Cash-out refinancing | 27 | 6.750% | $145,000 | 17.7% |
| Other purposes | 220 | 7.990% | $65,000 | 53.0% |
Where Pen Air Credit Union lends most
The 25 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Escambia County, FL | 159 | 7.740% | 39.9% |
| Santa Rosa County, FL | 123 | 7.990% | 38.5% |
| Baldwin County, AL | 109 | 7.990% | 45.9% |
| Mobile County, AL | 11 | 7.990% | 47.6% |
| Okaloosa County, FL | 4 | Under 10 loans | 55.6% |
| Bay County, FL | 2 | Under 10 loans | 0.0% |
| Walton County, FL | 2 | Under 10 loans | 33.3% |
| Covington County, AL | 1 | Under 10 loans | 0.0% |
| Escambia County, AL | 1 | Under 10 loans | 80.0% |
| Monroe County, AL | 1 | Under 10 loans | 0.0% |
| Montgomery County, AL | 1 | Under 10 loans | 0.0% |
| Washington County, AL | 1 | Under 10 loans | 0.0% |
| DeSoto County, FL | 1 | Under 10 loans | 0.0% |
| Lee County, FL | 1 | Under 10 loans | 0.0% |
| Leon County, FL | 1 | Under 10 loans | 0.0% |
| Marion County, FL | 1 | Under 10 loans | 0.0% |
| Gilmer County, GA | 1 | Under 10 loans | 0.0% |
| Hamilton County, TN | 1 | Under 10 loans | 0.0% |
| Collier County, FL | 0 | Under 10 loans | Not published |
| Duval County, FL | 0 | Under 10 loans | Not published |
| Hillsborough County, FL | 0 | Under 10 loans | 0.0% |
| Lake County, FL | 0 | Under 10 loans | 100.0% |
| Volusia County, FL | 0 | Under 10 loans | 100.0% |
| Bedford County, VA | 0 | Under 10 loans | 100.0% |
| Roanoke County, VA | 0 | Under 10 loans | 100.0% |
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.