Foundation Mortgage in Florida vs the state
18.8%Denial rate-2.29 pts vs state
20.1%Decision denial rate-7.19 pts vs state
33.7%Origination rate-19.01 pts vs state
7.50%Median rate+0.88 pts vs state
1.38Rate spread (pts)+1.11 pts vs state
$205kMedian applicant income
131Loans originated
73Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 221 | 110 | 7.7% | 8.69% | #367 |
| 2024 | 347 | 162 | 16.4% | 8.00% | #288 |
| 2025 | 389 | 131 | 18.8% | 7.50% | #276 |
What Foundation Mortgage lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Foundation Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Miami-Dade County | 99 | 36 | 14 | 14.1% |
| Broward County | 44 | 15 | 7 | 15.9% |
| Marion County | 26 | 1 | 0 | 0.0% |
| Palm Beach County | 26 | 14 | 5 | 19.2% |
| Orange County | 20 | 8 | 4 | 20.0% |
| Osceola County | 19 | 13 | 4 | 21.1% |
| Sarasota County | 17 | 9 | 2 | 11.8% |
| Pinellas County | 15 | 1 | 6 | 40.0% |
| Lee County | 15 | 5 | 5 | 33.3% |
| Collier County | 14 | 10 | 3 | 21.4% |
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: 389 applications in 2025, of which 131 were originated and 73 denied.
18.8% of all applications, or 20.1% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Foundation Mortgage originated in Florida in 2025 was 7.50%, against a statewide median of 6.63%.
About this data. Figures are Foundation Mortgage'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