Commerce Home Mortgage in Florida vs the state
11.9%Denial rate-9.14 pts vs state
17.3%Decision denial rate-9.98 pts vs state
56.9%Origination rate+4.20 pts vs state
7.50%Median rate+0.88 pts vs state
1.27Rate spread (pts)+1.01 pts vs state
$215kMedian applicant income
1,313Loans originated
275Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,183 | 1,090 | 15.5% | 8.75% | #79 |
| 2024 | 1,208 | 628 | 12.5% | 7.88% | #128 |
| 2025 | 2,308 | 1,313 | 11.9% | 7.50% | #86 |
What Commerce Home Mortgage lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Commerce Home Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Palm Beach County | 246 | 128 | 28 | 11.4% |
| Miami-Dade County | 227 | 115 | 36 | 15.9% |
| Broward County | 225 | 124 | 33 | 14.7% |
| Hillsborough County | 116 | 67 | 13 | 11.2% |
| Orange County | 112 | 62 | 11 | 9.8% |
| Lee County | 101 | 66 | 15 | 14.9% |
| Manatee County | 91 | 59 | 8 | 8.8% |
| Pasco County | 87 | 57 | 9 | 10.3% |
| Pinellas County | 85 | 54 | 7 | 8.2% |
| Duval County | 73 | 38 | 6 | 8.2% |
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: 2,308 applications in 2025, of which 1,313 were originated and 275 denied.
11.9% of all applications, or 17.3% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Commerce Home Mortgage originated in Florida in 2025 was 7.50%, against a statewide median of 6.63%.
About this data. Figures are Commerce Home 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