Equity Wave Lending in Florida vs the state
25.0%Denial rate+3.94 pts vs state
33.3%Decision denial rate+6.09 pts vs state
41.7%Origination rate-11.02 pts vs state
12.25%Median rate+5.63 pts vs state
—Rate spread (pts)
$24kMedian applicant income
10Loans originated
6Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 17 | 7 | 29.4% | 11.75% | #866 |
| 2024 | 15 | 6 | 26.7% | 11.75% | #832 |
| 2025 | 24 | 10 | 25.0% | 12.25% | #736 |
What Equity Wave Lending lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Equity Wave Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Miami-Dade County | 5 | 3 | 0 | 0.0% |
| Palm Beach County | 4 | 3 | 0 | 0.0% |
| Lee County | 2 | 1 | 1 | 50.0% |
| Hillsborough County | 2 | 0 | 2 | 100.0% |
| Pinellas County | 2 | 1 | 0 | 0.0% |
| Charlotte County | 2 | 0 | 1 | 50.0% |
| Collier County | 1 | 0 | 1 | 100.0% |
| Duval County | 1 | 0 | 0 | 0.0% |
| Sumter County | 1 | 1 | 0 | 0.0% |
| Okaloosa County | 1 | 0 | 1 | 100.0% |
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: 24 applications in 2025, of which 10 were originated and 6 denied.
25.0% of all applications, or 33.3% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Equity Wave Lending originated in Florida in 2025 was 12.25%, against a statewide median of 6.63%.
About this data. Figures are Equity Wave Lending'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