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First Horizon Bank · Florida · 2025

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

First Horizon Bank took 1,782 mortgage applications in Florida in 2025, ranking #102 of 1,993 lenders active in the state. It originated 58.6% of them and denied 23.3% (27.6% of the applications it decided), against a statewide denial rate of 21.1%.

1.8kApplicationsin FL
27.6%Decision denial ratestate 27.2%
6.63%Median ratestate 6.63%
$405,000Median loanstate $255,000
$699MVolume42 counties
Full First Horizon Bank review All lenders in Florida

First Horizon Bank in Florida vs the state

23.3%Denial rate+2.28 pts vs state
27.6%Decision denial rate+0.40 pts vs state
58.6%Origination rate+5.95 pts vs state
6.63%Median rate0.00 pts vs state
0.09Rate spread (pts)-0.18 pts vs state
$212kMedian applicant income
1,045Loans originated
416Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,9261,75825.9%5.63%#64
20241,8831,13523.4%6.88%#94
20251,7821,04523.3%6.63%#102

What First Horizon Bank lends in Florida

By loan purpose

Home purchase 926 52% · 10.6% denied
Refinance 282 16% · 28.7% denied
Cash-out refinance 66 4% · 28.8% denied
Home improvement 338 19% · 45.3% denied
Other / HELOC 170 10% · 38.2% denied

By loan type

Conventional 1,647 92% · 24.2% denied
FHA 86 5% · 14.0% denied
VA 49 3% · 10.2% denied

Why it denied Florida applicants

Debt-to-income ratio 261 63%
Collateral 58 14%
Credit history 53 13%
Unverifiable information 19 5%
Other 16 4%
Insufficient cash 5 1%
Incomplete application 3 1%
Employment history 1 0%

Where in Florida

Counties with the most First Horizon Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Miami-Dade County 28614989 31.1%
Monroe County 28216269 24.5%
Palm Beach County 1458136 24.8%
Hillsborough County 1277819 15.0%
Broward County 1226831 25.4%
Orange County 996021 21.2%
Lee County 904829 32.2%
Collier County 885029 33.0%
Pinellas County 795111 13.9%
Sarasota County 623915 24.2%

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: 1,782 applications in 2025, of which 1,045 were originated and 416 denied.

23.3% of all applications, or 27.6% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans First Horizon Bank originated in Florida in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are First Horizon 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