Carrington Mortgage Services · Florida · 2025

Carrington Mortgage Services in Florida: approval rate, denial rate and rates (2025)

Carrington Mortgage Services took 4,821 mortgage applications in Florida in 2025, ranking #43 of 1,993 lenders active in the state. It originated 26.9% of them and denied 44.4% (54.8% of the applications it decided), against a statewide denial rate of 21.1%.

4.8kApplicationsin FL
54.8%Decision denial ratestate 27.2%
6.63%Median ratestate 6.63%
$225,000Median loanstate $255,000
$341MVolume65 counties

Carrington Mortgage Services in Florida vs the state

44.4%Denial rate+23.37 pts vs state
54.8%Decision denial rate+27.54 pts vs state
26.9%Origination rate-25.81 pts vs state
6.63%Median rate0.00 pts vs state
0.66Rate spread (pts)+0.40 pts vs state
$91kMedian applicant income
1,296Loans originated
2,142Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234,6591,27250.7%6.63%#47
20244,6331,36442.3%6.63%#48
20254,8211,29644.4%6.63%#43

What Carrington Mortgage Services lends in Florida

By loan purpose

Home purchase 588 12% · 21.9% denied
Refinance 665 14% · 45.9% denied
Cash-out refinance 3,568 74% · 47.9% denied

By loan type

Conventional 2,416 50% · 43.0% denied
FHA 1,669 35% · 48.9% denied
VA 733 15% · 38.9% denied
USDA / RHS 3 0% · 66.7% denied

Why it denied Florida applicants

Incomplete application 1,528 71%
Debt-to-income ratio 172 8%
Credit history 148 7%
Other 130 6%
Collateral 83 4%
Unverifiable information 38 2%
Insufficient cash 23 1%
Employment history 19 1%
Mortgage insurance denied 1 0%

Where in Florida

Counties with the most Carrington Mortgage Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Miami-Dade County 38060187 49.2%
Broward County 35770182 51.0%
Hillsborough County 32598132 40.6%
Polk County 28578132 46.3%
Palm Beach County 23254105 45.3%
Duval County 22958105 45.9%
Orange County 21947108 49.3%
Pinellas County 2115590 42.7%
Pasco County 2025579 39.1%
Lee County 1674281 48.5%

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: 4,821 applications in 2025, of which 1,296 were originated and 2,142 denied.

44.4% of all applications, or 54.8% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Carrington Mortgage Services originated in Florida in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Carrington Mortgage Services'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