Mortgage lender · Jacksonville, FL · LEI 549300ZIXM1VUXPG4D03

Florida Capital Bank review: approval odds, rates and grade (2025)

Florida Capital Bank earns an A, placing it in the top fifth of mid-size mortgage lenders. It turned down 7.6% of the applications it decided on in 2025, which ranks in the 59th percentile for approval odds. Its median loan was priced 0.13 points above the average prime offer rate, ranking in the 72nd percentile on pricing. Compared against 581 mid-size mortgage lenders using 2025 HMDA filings.

1.2kApplications2025
76.3%Originatedof applications
7.6%Decision denial ratenational 22.6%
6.49%Median ratenational 6.63%
$366MLoan volume34 states

Florida Capital Bank at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

7.1%Denial rate (all applications)-10.87 pts vs national
7.6%Denial rate (decided applications)-14.97 pts vs national
76.3%Origination rate+18.25 pts vs national
4.5%Withdrawn by applicant
2.2%Closed for incompleteness
6.49%Median interest rate-0.13 pts vs national
0.13Median rate spread (pts over APOR)-0.13 pts vs national
$355,000Median loan amount
$6,801Median total loan costs
$142kMedian applicant income
80%Median loan-to-value
5High-cost (HOEPA) loans

How the A grade breaks down

Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

59th7.6% denied

Pricingmedian rate spread over APOR, weight 30%

72nd0.13 pts

Processwithdrawn + incomplete share, weight 15%

92nd6.8%

Closing coststotal loan costs ÷ loan amount, weight 10%

67th1.92% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20239827279.5%10.8%6.88%$310M
20241,2769867.2%7.7%6.63%$440M
20251,1688917.1%7.6%6.49%$366M

What Florida Capital Bank lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 890 76% · 5.6% denied
Refinance 189 16% · 10.1% denied
Cash-out refinance 89 8% · 15.7% denied

By loan type

Conventional 985 84% · 7.3% denied
FHA 114 10% · 8.8% denied
VA 69 6% · 1.5% denied

Also: 0 home-equity lines, 0 reverse mortgages, 8 manufactured homes, 25 investment properties.

Why Florida Capital Bank denies applications

Primary reason reported for each of the 83 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 25 30%
Collateral 21 25%
Other 11 13%
Unverifiable information 10 12%
Employment history 6 7%
Credit history 5 6%
Insufficient cash 4 5%
Incomplete application 1 1%

How these reasons compare nationally →

Who gets approved at Florida Capital Bank

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
$50k – $100k2822188.1%
$100k – $150k3072475.5%
$150k – $250k3122515.1%
Over $250k23715911.9%
Applicant ageApplicationsOriginatedDecision denial rate
Under 2556428.2%
25–343522875.7%
35–443192336.6%
45–541871469.6%
55–6415210611.3%
65–7477589.7%
Over 7424184.4%

Where Florida Capital Bank lends

34 states and 273 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Texas4203296.4%6.38%#290
Minnesota1771454.0%6.49%#144
Florida1461028.2%6.50%#424
California1158810.4%6.38%#418
Illinois452711.1%6.63%#476
Pennsylvania34282.9%6.88%#538
North Dakota31303.2%6.13%#87
Kentucky23174.4%6.38%#340
Ohio191710.5%6.63%#536
Arizona18120.0%6.56%#426
Alabama17130.0%6.38%#413
Wisconsin15126.7%6.69%#447
North Carolina1387.7%6.50%#585
Colorado12118.3%6.49%#475
Washington1189.1%6.50%#451
Oklahoma1090.0%6.25%#400
Oregon9611.1%6.00%#380
New Jersey7228.6%6.00%#567
Georgia6416.7%6.38%#737
South Carolina6316.7%6.13%#619
Virginia6350.0%6.49%#635
Maryland540.0%6.49%#531

Frequently asked questions

Florida Capital Bank denied 7.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 59th percentile of mid-size mortgage lenders.

The most common reason Florida Capital Bank gave in 2025 was "debt-to-income ratio", cited on 30.1% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

The median interest rate on loans Florida Capital Bank originated in 2025 was 6.49%, and its median rate spread over the average prime offer rate was 0.13 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 76% of its applications were for home purchases, 24% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 84% conventional, 10% FHA, 6% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Florida Capital Bank. Data sources · Methodology