Firstbank Puerto Rico · Florida · 2025

Firstbank Puerto Rico in Florida: approval rate, denial rate and rates (2025)

Firstbank Puerto Rico took 375 mortgage applications in Florida in 2025, ranking #280 of 1,993 lenders active in the state. It originated 76.3% of them and denied 4.0% (4.7% of the applications it decided), against a statewide denial rate of 21.1%.

375Applicationsin FL
4.7%Decision denial ratestate 27.2%
6.38%Median ratestate 6.63%
$235,000Median loanstate $255,000
$88MVolume8 counties

Firstbank Puerto Rico in Florida vs the state

4.0%Denial rate-17.06 pts vs state
4.7%Decision denial rate-22.55 pts vs state
76.3%Origination rate+23.58 pts vs state
6.38%Median rate-0.25 pts vs state
0.13Rate spread (pts)-0.14 pts vs state
$93kMedian applicant income
286Loans originated
15Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234053145.7%6.38%#263
20243722905.7%6.75%#273
20253752864.0%6.38%#280

What Firstbank Puerto Rico lends in Florida

By loan purpose

Home purchase 339 90% · 3.8% denied
Refinance 3 1% · 0.0% denied
Cash-out refinance 20 5% · 10.0% denied
Home improvement 2 1% · 0.0% denied
Other / HELOC 11 3% · 0.0% denied

By loan type

Conventional 371 99% · 4.0% denied
FHA 4 1% · 0.0% denied

Why it denied Florida applicants

Debt-to-income ratio 6 40%
Insufficient cash 3 20%
Collateral 2 13%
Other 1 7%
Unverifiable information 1 7%
Employment history 1 7%
Credit history 1 7%

Where in Florida

Counties with the most Firstbank Puerto Rico applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Miami-Dade County 1631218 4.9%
Broward County 1621253 1.9%
Palm Beach County 41324 9.8%
Lee County 540 0.0%
Orange County 110 0.0%
Seminole County 110 0.0%
Highlands County 110 0.0%
Indian River 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: 375 applications in 2025, of which 286 were originated and 15 denied.

4.0% of all applications, or 4.7% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Firstbank Puerto Rico originated in Florida in 2025 was 6.38%, against a statewide median of 6.63%.

About this data. Figures are Firstbank Puerto Rico'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