Bay Equity in Florida vs the state
6.9%Denial rate-14.21 pts vs state
10.0%Decision denial rate-17.29 pts vs state
61.6%Origination rate+8.95 pts vs state
6.63%Median rate0.00 pts vs state
0.21Rate spread (pts)-0.06 pts vs state
$125kMedian applicant income
180Loans originated
20Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 835 | 521 | 7.7% | 6.62% | #172 |
| 2024 | 634 | 409 | 6.3% | 6.50% | #205 |
| 2025 | 292 | 180 | 6.9% | 6.63% | #308 |
What Bay Equity lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Bay Equity applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| St. Lucie County | 30 | 20 | 4 | 13.3% |
| Volusia County | 25 | 19 | 2 | 8.0% |
| Brevard County | 24 | 13 | 1 | 4.2% |
| Orange County | 23 | 16 | 2 | 8.7% |
| Hillsborough County | 21 | 12 | 2 | 9.5% |
| Broward County | 19 | 9 | 0 | 0.0% |
| Seminole County | 15 | 9 | 1 | 6.7% |
| Pinellas County | 12 | 9 | 1 | 8.3% |
| Palm Beach County | 12 | 7 | 1 | 8.3% |
| Polk County | 10 | 5 | 0 | 0.0% |
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% |
| Bank of America | F | 23,634 | 37.7% | 6.24% |
| 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% |
Frequently asked questions
Florida: 292 applications in 2025, of which 180 were originated and 20 denied.
6.9% of all applications, or 10.0% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Bay Equity originated in Florida in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Bay Equity'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