Bank of America in Florida vs the state
37.7%Denial rate+16.62 pts vs state
52.3%Decision denial rate+25.07 pts vs state
33.6%Origination rate-19.10 pts vs state
6.24%Median rate-0.38 pts vs state
1.41Rate spread (pts)+1.14 pts vs state
$105kMedian applicant income
7,938Loans originated
8,905Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 32,855 | 9,562 | 55.4% | 6.99% | #3 |
| 2024 | 25,574 | 7,882 | 41.8% | 6.99% | #3 |
| 2025 | 23,634 | 7,938 | 37.7% | 6.24% | #3 |
What Bank of America lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Broward County | 2,824 | 788 | 1,199 | 42.5% |
| Miami-Dade County | 2,597 | 650 | 1,176 | 45.3% |
| Palm Beach County | 2,238 | 779 | 791 | 35.3% |
| Hillsborough County | 1,400 | 510 | 495 | 35.4% |
| Orange County | 1,399 | 495 | 526 | 37.6% |
| Pinellas County | 1,324 | 478 | 436 | 32.9% |
| Duval County | 856 | 393 | 251 | 29.3% |
| Volusia County | 782 | 280 | 295 | 37.7% |
| Lee County | 774 | 245 | 293 | 37.9% |
| Pasco County | 695 | 247 | 242 | 34.8% |
Other large lenders in Florida
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 71,405 | 15.3% | 6.44% |
| Rocket Mortgage | C | 46,611 | 21.0% | 6.63% |
| Pennymac Loan Services | C | 19,516 | 14.1% | 6.50% |
| Navy Federal Credit Union | D | 19,452 | 23.2% | 7.59% |
| Crosscountry Mortgage | B | 19,103 | 5.2% | 6.75% |
| Newrez | D | 17,519 | 22.4% | 6.75% |
| Dhi Mortgage Company | B | 16,661 | 14.5% | 4.88% |
| Lennar Mortgage | A | 14,984 | 21.0% | 4.75% |
| Truist Bank | C | 14,140 | 41.5% | 6.60% |
| Regions Bank | C | 14,062 | 39.5% | 5.38% |
Frequently asked questions
Florida: 23,634 applications in 2025, of which 7,938 were originated and 8,905 denied.
37.7% of all applications, or 52.3% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Bank of America originated in Florida in 2025 was 6.24%, against a statewide median of 6.63%.
About this data. Figures are Bank of America'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