Flagstar Bank in Florida vs the state
32.3%Denial rate+11.28 pts vs state
39.2%Decision denial rate+11.94 pts vs state
48.7%Origination rate-3.95 pts vs state
6.50%Median rate-0.13 pts vs state
0.13Rate spread (pts)-0.14 pts vs state
$118kMedian applicant income
737Loans originated
489Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 5,652 | 3,042 | 28.7% | 7.11% | #42 |
| 2024 | 5,696 | 3,271 | 28.0% | 6.75% | #39 |
| 2025 | 1,512 | 737 | 32.3% | 6.50% | #112 |
What Flagstar Bank lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Flagstar Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Palm Beach County | 191 | 76 | 67 | 35.1% |
| Broward County | 176 | 78 | 54 | 30.7% |
| Miami-Dade County | 148 | 63 | 54 | 36.5% |
| Lee County | 83 | 43 | 29 | 34.9% |
| Duval County | 79 | 43 | 21 | 26.6% |
| Orange County | 68 | 38 | 23 | 33.8% |
| Brevard County | 62 | 34 | 16 | 25.8% |
| Hillsborough County | 56 | 26 | 20 | 35.7% |
| St. Lucie County | 44 | 21 | 20 | 45.5% |
| Seminole County | 42 | 22 | 13 | 31.0% |
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: 1,512 applications in 2025, of which 737 were originated and 489 denied.
32.3% of all applications, or 39.2% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Flagstar Bank originated in Florida in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Flagstar 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