First Bank · Florida · 2025

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

First Bank took 171 mortgage applications in Florida in 2025, ranking #396 of 1,993 lenders active in the state. It originated 39.8% of them and denied 27.5% (38.8% of the applications it decided), against a statewide denial rate of 21.1%.

171Applicationsin FL
38.8%Decision denial ratestate 27.2%
Median ratestate 6.63%
$225,000Median loanstate $255,000
$34MVolume11 counties

First Bank in Florida vs the state

27.5%Denial rate+6.43 pts vs state
38.8%Decision denial rate+11.60 pts vs state
39.8%Origination rate-12.92 pts vs state
Median rate
Rate spread (pts)
$105kMedian applicant income
68Loans originated
47Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231466325.3%#428
20241605434.4%#412
20251716827.5%#396

What First Bank lends in Florida

By loan purpose

Home purchase 77 45% · 14.3% denied
Refinance 12 7% · 50.0% denied
Cash-out refinance 37 22% · 37.8% denied
Home improvement 10 6% · 50.0% denied
Other / HELOC 35 20% · 31.4% denied

By loan type

Conventional 171 100% · 27.5% denied

Where in Florida

Counties with the most First Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hendry County 632821 33.3%
Lee County 40178 20.0%
Glades County 25107 28.0%
Palm Beach County 2046 30.0%
Collier County 1334 30.8%
Charlotte County 320 0.0%
Highlands County 311 33.3%
Monroe County 110 0.0%
Marion County 100 0.0%
Polk County 110 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: 171 applications in 2025, of which 68 were originated and 47 denied.

27.5% of all applications, or 38.8% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are First 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