Bank First · Florida · 2025

Bank First in Florida: approval rate, denial rate and rates (2025)

Bank First took 10 mortgage applications in Florida in 2025, ranking #931 of 1,993 lenders active in the state. It originated 50.0% of them and denied 20.0% (28.6% of the applications it decided), against a statewide denial rate of 21.1%.

10Applicationsin FL
28.6%Decision denial ratestate 27.2%
6.95%Median ratestate 6.63%
$415,000Median loanstate $255,000
$2.3MVolume8 counties

Bank First in Florida vs the state

20.0%Denial rate-1.06 pts vs state
28.6%Decision denial rate+1.33 pts vs state
50.0%Origination rate-2.69 pts vs state
6.95%Median rate+0.33 pts vs state
-0.30Rate spread (pts)-0.57 pts vs state
$180kMedian applicant income
5Loans originated
2Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
202314130.0%7.25%#899
202414117.1%6.75%#860
202510520.0%6.95%#931

What Bank First lends in Florida

By loan purpose

Home purchase 9 90% · 22.2% denied
Refinance 1 10% · 0.0% denied

By loan type

Conventional 10 100% · 20.0% denied

Why it denied Florida applicants

Collateral 2 100%

Where in Florida

Counties with the most Bank First applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pinellas County 201 50.0%
Hillsborough County 201 50.0%
Brevard County 110 0.0%
Orange County 110 0.0%
Lee County 110 0.0%
Sarasota County 100 0.0%
Okaloosa County 110 0.0%
Collier County 110 0.0%

Other large lenders in Florida

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 71,40515.3%6.44%
Rocket MortgageC 46,61121.0%6.63%
Bank of AmericaF 23,63437.7%6.24%
Pennymac Loan ServicesC 19,51614.1%6.50%
Navy Federal Credit UnionD 19,45223.2%7.59%
Crosscountry MortgageB 19,1035.2%6.75%
NewrezD 17,51922.4%6.75%
Dhi Mortgage CompanyB 16,66114.5%4.88%
Lennar MortgageA 14,98421.0%4.75%
Truist BankC 14,14041.5%6.60%

Frequently asked questions

Florida: 10 applications in 2025, of which 5 were originated and 2 denied.

20.0% of all applications, or 28.6% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Bank First originated in Florida in 2025 was 6.95%, against a statewide median of 6.63%.

About this data. Figures are Bank First's own HMDA filing for properties located in Florida, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology