# Pen Air Federal Credit Union

> **Canonical URL:** https://saferate.com/lenders/pen-air-federal-credit-union


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Pen Air Federal Credit Union is a credit union, headquartered in Pensacola, FL, serving borrowers across 2 states, with 78 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 84% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 69% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 254900T576VYG7I55390
- **Headquarters:** Pensacola, FL
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** AL, FL
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 16/100
- Rating: ●○○○○ (1/5)

### Pull Through: Acceptable 🙂
- Score: 31/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.390%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $3,583
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 78
- **Dollar Volume:** $27 million
- **Applications Received:** 125
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $343,846
- **Average Borrower Income:** $161,231
- **Average Property Value:** $486,282

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 38/100 | 64 | +0.369% | $3,668 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 51 loans, Score: 37/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 36/100 | 64 | $23M | +0.362% | Acceptable 🙂 |
| Refinance | 23/100 | 14 | $4M | +0.514% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| FL | 53 | 0.02% | 59/100 |
| AL | 25 | 0.04% | 56/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Pensacola | FL | 51 | 74/100 |
| Daphne | AL | 18 | 60/100 |

## Where This Lender Ranks

Pen Air Federal Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥉 **#3** in Pensacola for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/pensacola/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#4** in Pensacola for Jumbo Loans
  - [View Full Rankings](https://saferate.com/pensacola/best-mortgage-lenders/jumbo-loans)
- 🏆 **#5** in Daphne for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/daphne/best-mortgage-lenders/credit-unions/conventional-loans)

## Frequently Asked Questions

### What loan types does Pen Air Federal Credit Union offer?

Pen Air Federal Credit Union offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Pen Air Federal Credit Union offer mortgages?

Pen Air Federal Credit Union offers mortgages in 2 states: AL, FL.

### How competitive are Pen Air Federal Credit Union's mortgage rates?

Pen Air Federal Credit Union has a pricing score of 16/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.390% above market average.

### What type of lender is Pen Air Federal Credit Union?

Pen Air Federal Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Pensacola, FL.

### What is Pen Air Federal Credit Union's loan approval success rate?

Pen Air Federal Credit Union has a pull-through score of 31/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/pen-air-federal-credit-union

### How to Cite

> "Pen Air Federal Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/pen-air-federal-credit-union

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