FirstBank · Florida · 2025

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

FirstBank took 243 mortgage applications in Florida in 2025, ranking #345 of 1,993 lenders active in the state. It originated 30.9% of them and denied 42.8% (45.2% of the applications it decided), against a statewide denial rate of 21.1%.

243Applicationsin FL
45.2%Decision denial ratestate 27.2%
7.00%Median ratestate 6.63%
$165,000Median loanstate $255,000
$39MVolume48 counties

FirstBank in Florida vs the state

42.8%Denial rate+21.74 pts vs state
45.2%Decision denial rate+17.98 pts vs state
30.9%Origination rate-21.83 pts vs state
7.00%Median rate+0.38 pts vs state
0.55Rate spread (pts)+0.28 pts vs state
$89kMedian applicant income
75Loans originated
104Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233588450.0%7.50%#286
20243216947.4%7.25%#305
20252437542.8%7.00%#345

What FirstBank lends in Florida

By loan purpose

Home purchase 214 88% · 47.7% denied
Refinance 17 7% · 0.0% denied
Cash-out refinance 5 2% · 40.0% denied
Other / HELOC 7 3% · 0.0% denied

By loan type

Conventional 238 98% · 43.3% denied
VA 5 2% · 20.0% denied

Why it denied Florida applicants

Credit history 58 56%
Debt-to-income ratio 34 33%
Other 7 7%
Collateral 2 2%
Unverifiable information 2 2%
Insufficient cash 1 1%

Where in Florida

Counties with the most FirstBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Escambia County 301111 36.7%
Jackson County 28319 67.9%
Santa Rosa County 1562 13.3%
Bay County 1547 46.7%
Polk County 1129 81.8%
Holmes County 1128 72.7%
Walton County 1135 45.5%
Alachua County 843 37.5%
Marion County 734 57.1%
Levy County 743 42.9%

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: 243 applications in 2025, of which 75 were originated and 104 denied.

42.8% of all applications, or 45.2% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans FirstBank originated in Florida in 2025 was 7.00%, against a statewide median of 6.63%.

About this data. Figures are FirstBank'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