Mortgage lender · Lakeland, FL · LEI 5493008PQSMR41Y70C36

Amerant Mortgage review: approval odds, rates and grade (2025)

Amerant Mortgage earns a C, in line with the typical performance of small mortgage lenders. It turned down 17.0% of the applications it decided on in 2025, which ranks in the 26th percentile for approval odds. Its median loan was priced 0.28 points above the average prime offer rate, ranking in the 49th percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

502Applications2025
63.6%Originatedof applications
17.0%Decision denial ratenational 22.6%
6.88%Median ratenational 6.63%
$197MLoan volume22 states

Amerant Mortgage at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

13.2%Denial rate (all applications)-4.83 pts vs national
17.0%Denial rate (decided applications)-5.58 pts vs national
63.6%Origination rate+5.52 pts vs national
20.7%Withdrawn by applicant
2.0%Closed for incompleteness
6.88%Median interest rate+0.25 pts vs national
0.28Median rate spread (pts over APOR)+0.03 pts vs national
$435,000Median loan amount
$5,358Median total loan costs
$156kMedian applicant income
80%Median loan-to-value
2High-cost (HOEPA) loans

How the C grade breaks down

Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

26th17.0% denied

Pricingmedian rate spread over APOR, weight 30%

49th0.28 pts

Processwithdrawn + incomplete share, weight 15%

14th22.7%

Closing coststotal loan costs ÷ loan amount, weight 10%

77th1.23% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20231,9891,24922.9%26.5%6.88%$591M
20241,5711,14713.4%15.3%6.75%$644M
202550231913.2%17.0%6.88%$197M

What Amerant Mortgage lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 331 66% · 8.2% denied
Refinance 104 21% · 25.0% denied
Cash-out refinance 66 13% · 18.2% denied
Home improvement 1 0% · 100.0% denied

By loan type

Conventional 445 89% · 12.8% denied
FHA 35 7% · 25.7% denied
VA 21 4% · 0.0% denied
USDA / RHS 1 0% · 0.0% denied

Also: 0 home-equity lines, 0 reverse mortgages, 6 manufactured homes, 79 investment properties.

Why Amerant Mortgage denies applications

Primary reason reported for each of the 66 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Collateral 15 23%
Debt-to-income ratio 14 21%
Other 12 18%
Incomplete application 7 11%
Credit history 6 9%
Insufficient cash 6 9%
Unverifiable information 4 6%
Employment history 2 3%

How these reasons compare nationally →

Who gets approved at Amerant Mortgage

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
$50k – $100k966819.1%
$100k – $150k103759.5%
$150k – $250k1218012.9%
Over $250k1247015.7%
Applicant ageApplicationsOriginatedDecision denial rate
25–341258510.4%
35–441458921.2%
45–54734720.3%
55–64884920.3%
65–74413213.5%

Where Amerant Mortgage lends

22 states and 113 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Massachusetts16110411.8%6.88%#189
Florida1246618.6%6.75%#448
Missouri543811.1%7.19%#338
New Hampshire372813.5%6.88%#147
Vermont20125.0%6.93%#82
Colorado16116.3%6.88%#436
Connecticut161312.5%6.88%#330
Pennsylvania14921.4%6.75%#642
North Carolina1159.1%7.13%#606
Arizona860.0%6.81%#536
Rhode Island880.0%6.75%#206
Illinois7242.9%7.81%#724
Maine7614.3%6.56%#245
Texas5120.0%7.25%#1,093

Frequently asked questions

Amerant Mortgage denied 17.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 26th percentile of small mortgage lenders.

The most common reason Amerant Mortgage gave in 2025 was "collateral", cited on 22.7% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

The median interest rate on loans Amerant Mortgage originated in 2025 was 6.88%, and its median rate spread over the average prime offer rate was 0.28 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 66% of its applications were for home purchases, 34% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 89% conventional, 7% FHA, 4% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Amerant Mortgage. Data sources · Methodology