Digital · Florida · 2025

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

Digital took 232 mortgage applications in Florida in 2025, ranking #347 of 1,993 lenders active in the state. It originated 40.5% of them and denied 21.6% (33.6% of the applications it decided), against a statewide denial rate of 21.1%.

232Applicationsin FL
33.6%Decision denial ratestate 27.2%
7.50%Median ratestate 6.63%
$215,000Median loanstate $255,000
$21MVolume31 counties

Digital in Florida vs the state

21.6%Denial rate+0.49 pts vs state
33.6%Decision denial rate+6.32 pts vs state
40.5%Origination rate-12.17 pts vs state
7.50%Median rate+0.88 pts vs state
0.33Rate spread (pts)+0.06 pts vs state
$158kMedian applicant income
94Loans originated
50Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
202361021620.0%6.50%#207
202435310721.0%7.87%#283
20252329421.6%7.50%#347

What Digital lends in Florida

By loan purpose

Home purchase 84 36% · 16.7% denied
Refinance 16 7% · 12.5% denied
Cash-out refinance 38 16% · 26.3% denied
Home improvement 47 20% · 21.3% denied
Other / HELOC 47 20% · 29.8% denied

By loan type

Conventional 232 100% · 21.6% denied

Why it denied Florida applicants

Debt-to-income ratio 21 42%
Collateral 12 24%
Other 9 18%
Credit history 7 14%
Insufficient cash 1 2%

Where in Florida

Counties with the most Digital applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Orange County 2695 19.2%
Hillsborough County 26107 26.9%
Pasco County 2382 8.7%
Broward County 21105 23.8%
Palm Beach County 1745 29.4%
Seminole County 1651 6.3%
Lake County 1072 20.0%
Collier County 935 55.6%
Miami-Dade County 915 55.6%
St. Johns County 850 0.0%

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: 232 applications in 2025, of which 94 were originated and 50 denied.

21.6% of all applications, or 33.6% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Digital originated in Florida in 2025 was 7.50%, against a statewide median of 6.63%.

About this data. Figures are Digital'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