Busey Bank · Florida · 2025

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

Busey Bank took 91 mortgage applications in Florida in 2025, ranking #500 of 1,993 lenders active in the state. It originated 63.7% of them and denied 20.9% (24.7% of the applications it decided), against a statewide denial rate of 21.1%.

91Applicationsin FL
24.7%Decision denial ratestate 27.2%
7.63%Median ratestate 6.63%
$205,000Median loanstate $255,000
$33MVolume12 counties

Busey Bank in Florida vs the state

20.9%Denial rate-0.18 pts vs state
24.7%Decision denial rate-2.56 pts vs state
63.7%Origination rate+11.05 pts vs state
7.63%Median rate+1.00 pts vs state
0.63Rate spread (pts)+0.36 pts vs state
$153kMedian applicant income
58Loans originated
19Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231599722.0%6.24%#421
20241026712.8%7.78%#475
2025915820.9%7.63%#500

What Busey Bank lends in Florida

By loan purpose

Home purchase 30 33% · 3.3% denied
Refinance 21 23% · 33.3% denied
Cash-out refinance 2 2% · 0.0% denied
Home improvement 24 26% · 25.0% denied
Other / HELOC 14 15% · 35.7% denied

By loan type

Conventional 91 100% · 20.9% denied

Why it denied Florida applicants

Debt-to-income ratio 15 79%
Other 2 11%
Employment history 1 5%
Credit history 1 5%

Where in Florida

Counties with the most Busey Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Lee County 51337 13.7%
Sarasota County 1247 58.3%
Charlotte County 963 33.3%
Collier County 760 0.0%
Pinellas County 202 100.0%
Hillsborough County 220 0.0%
Sumter County 220 0.0%
Palm Beach County 220 0.0%
Pasco County 110 0.0%
Broward 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: 91 applications in 2025, of which 58 were originated and 19 denied.

20.9% of all applications, or 24.7% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Busey Bank originated in Florida in 2025 was 7.63%, against a statewide median of 6.63%.

About this data. Figures are Busey 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