Centennial Bank · Florida · 2025

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

Centennial Bank took 1,109 mortgage applications in Florida in 2025, ranking #141 of 1,993 lenders active in the state. It originated 52.5% of them and denied 19.8% (26.8% of the applications it decided), against a statewide denial rate of 21.1%.

1.1kApplicationsin FL
26.8%Decision denial ratestate 27.2%
6.88%Median ratestate 6.63%
$285,000Median loanstate $255,000
$237MVolume50 counties

Centennial Bank in Florida vs the state

19.8%Denial rate-1.31 pts vs state
26.8%Decision denial rate-0.43 pts vs state
52.5%Origination rate-0.21 pts vs state
6.88%Median rate+0.25 pts vs state
0.58Rate spread (pts)+0.31 pts vs state
$113kMedian applicant income
582Loans originated
219Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,42976321.4%6.88%#114
20241,12354220.2%7.13%#139
20251,10958219.8%6.88%#141

What Centennial Bank lends in Florida

By loan purpose

Home purchase 835 75% · 16.9% denied
Refinance 45 4% · 22.2% denied
Cash-out refinance 71 6% · 23.9% denied
Home improvement 72 6% · 29.2% denied
Other / HELOC 86 8% · 34.9% denied

By loan type

Conventional 890 80% · 18.7% denied
FHA 157 14% · 29.9% denied
VA 49 4% · 4.1% denied
USDA / RHS 13 1% · 30.8% denied

Why it denied Florida applicants

Debt-to-income ratio 131 60%
Credit history 54 25%
Collateral 17 8%
Insufficient cash 9 4%
Other 5 2%
Employment history 3 1%

Where in Florida

Counties with the most Centennial Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bay County 1659933 20.0%
Gulf County 1045918 17.3%
Monroe County 704214 20.0%
Wakulla County 59317 11.9%
Leon County 522015 28.8%
Escambia County 48325 10.4%
Lee County 45315 11.1%
Santa Rosa County 44227 15.9%
Osceola County 41275 12.2%
Broward County 381116 42.1%

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: 1,109 applications in 2025, of which 582 were originated and 219 denied.

19.8% of all applications, or 26.8% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Centennial Bank originated in Florida in 2025 was 6.88%, against a statewide median of 6.63%.

About this data. Figures are Centennial 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