Discover Bank in Florida vs the state
56.1%Denial rate+35.04 pts vs state
82.9%Decision denial rate+55.61 pts vs state
11.2%Origination rate-41.48 pts vs state
8.62%Median rate+1.99 pts vs state
1.93Rate spread (pts)+1.66 pts vs state
$101kMedian applicant income
771Loans originated
3,859Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 22,499 | 2,348 | 44.8% | 9.74% | #4 |
| 2024 | 21,132 | 2,560 | 53.0% | 8.86% | #4 |
| 2025 | 6,879 | 771 | 56.1% | 8.62% | #32 |
What Discover Bank lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Discover Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Miami-Dade County | 746 | 63 | 441 | 59.1% |
| Broward County | 656 | 63 | 368 | 56.1% |
| Palm Beach County | 537 | 54 | 296 | 55.1% |
| Hillsborough County | 438 | 56 | 226 | 51.6% |
| Orange County | 428 | 55 | 245 | 57.2% |
| Pinellas County | 308 | 41 | 146 | 47.4% |
| Polk County | 277 | 32 | 178 | 64.3% |
| Lee County | 246 | 22 | 146 | 59.3% |
| Pasco County | 241 | 35 | 136 | 56.4% |
| Volusia County | 229 | 34 | 120 | 52.4% |
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: 6,879 applications in 2025, of which 771 were originated and 3,859 denied.
56.1% of all applications, or 82.9% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Discover Bank originated in Florida in 2025 was 8.62%, against a statewide median of 6.63%.
About this data. Figures are Discover 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