Citizens Bank · Florida · 2025

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

Citizens Bank took 4,674 mortgage applications in Florida in 2025, ranking #45 of 1,993 lenders active in the state. It originated 49.1% of them and denied 34.7% (40.6% of the applications it decided), against a statewide denial rate of 21.1%.

4.7kApplicationsin FL
40.6%Decision denial ratestate 27.2%
7.90%Median ratestate 6.63%
$205,000Median loanstate $255,000
$1.0BVolume57 counties

Citizens Bank in Florida vs the state

34.7%Denial rate+13.60 pts vs state
40.6%Decision denial rate+13.39 pts vs state
49.1%Origination rate-3.55 pts vs state
7.90%Median rate+1.28 pts vs state
0.63Rate spread (pts)+0.36 pts vs state
$140kMedian applicant income
2,297Loans originated
1,620Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20237,6003,58040.6%8.25%#29
20244,7662,33336.6%8.90%#47
20254,6742,29734.7%7.90%#45

What Citizens Bank lends in Florida

By loan purpose

Home purchase 965 21% · 20.2% denied
Refinance 800 17% · 31.8% denied
Cash-out refinance 85 2% · 16.5% denied
Home improvement 1,356 29% · 39.1% denied
Other / HELOC 1,468 31% · 42.7% denied

By loan type

Conventional 4,632 99% · 34.8% denied
FHA 24 1% · 25.0% denied
VA 18 0% · 11.1% denied

Why it denied Florida applicants

Debt-to-income ratio 932 58%
Collateral 379 23%
Credit history 145 9%
Other 80 5%
Unverifiable information 36 2%
Incomplete application 22 1%
Employment history 20 1%
Insufficient cash 6 0%

Where in Florida

Counties with the most Citizens Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Miami-Dade County 785349324 41.3%
Palm Beach County 627320205 32.7%
Broward County 576256242 42.0%
Lee County 22611478 34.5%
Collier County 20911161 29.2%
Hillsborough County 1829259 32.4%
Orange County 1698459 34.9%
Pinellas County 1426252 36.6%
Sarasota County 1236440 32.5%
St. Johns County 1217325 20.7%

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: 4,674 applications in 2025, of which 2,297 were originated and 1,620 denied.

34.7% of all applications, or 40.6% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Citizens Bank originated in Florida in 2025 was 7.90%, against a statewide median of 6.63%.

About this data. Figures are Citizens 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