BMO Bank in Florida vs the state
41.7%Denial rate+20.59 pts vs state
53.7%Decision denial rate+26.45 pts vs state
34.0%Origination rate-18.68 pts vs state
8.08%Median rate+1.46 pts vs state
0.86Rate spread (pts)+0.59 pts vs state
$125kMedian applicant income
285Loans originated
349Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 963 | 393 | 35.6% | 7.74% | #155 |
| 2024 | 1,007 | 405 | 35.0% | 8.00% | #151 |
| 2025 | 838 | 285 | 41.7% | 8.08% | #171 |
What BMO Bank lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most BMO Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Manatee County | 168 | 63 | 74 | 44.0% |
| Sarasota County | 83 | 26 | 40 | 48.2% |
| Hillsborough County | 72 | 25 | 29 | 40.3% |
| Collier County | 71 | 24 | 26 | 36.6% |
| Lee County | 71 | 25 | 28 | 39.4% |
| Miami-Dade County | 66 | 18 | 30 | 45.5% |
| Palm Beach County | 42 | 18 | 14 | 33.3% |
| Pinellas County | 35 | 11 | 12 | 34.3% |
| Broward County | 33 | 12 | 11 | 33.3% |
| Charlotte County | 22 | 9 | 8 | 36.4% |
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: 838 applications in 2025, of which 285 were originated and 349 denied.
41.7% of all applications, or 53.7% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans BMO Bank originated in Florida in 2025 was 8.08%, against a statewide median of 6.63%.
About this data. Figures are BMO Bank'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