Cake Mortgage in Florida vs the state
10.2%Denial rate-10.89 pts vs state
15.8%Decision denial rate-11.45 pts vs state
54.0%Origination rate+1.31 pts vs state
7.63%Median rate+1.00 pts vs state
1.35Rate spread (pts)+1.09 pts vs state
$209kMedian applicant income
223Loans originated
42Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 32 | 12 | 37.5% | 6.50% | #722 |
| 2024 | 258 | 91 | 7.4% | 7.88% | #339 |
| 2025 | 413 | 223 | 10.2% | 7.63% | #264 |
What Cake Mortgage lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Cake Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Miami-Dade County | 187 | 102 | 19 | 10.2% |
| Broward County | 71 | 46 | 4 | 5.6% |
| Palm Beach County | 28 | 13 | 5 | 17.9% |
| Orange County | 19 | 7 | 2 | 10.5% |
| Lee County | 17 | 10 | 1 | 5.9% |
| Hillsborough County | 10 | 7 | 1 | 10.0% |
| Polk County | 8 | 4 | 1 | 12.5% |
| Manatee County | 6 | 5 | 0 | 0.0% |
| Lake County | 6 | 2 | 1 | 16.7% |
| Osceola County | 6 | 3 | 1 | 16.7% |
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: 413 applications in 2025, of which 223 were originated and 42 denied.
10.2% of all applications, or 15.8% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Cake Mortgage originated in Florida in 2025 was 7.63%, against a statewide median of 6.63%.
About this data. Figures are Cake Mortgage'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