HomePromise · Florida · 2025

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

HomePromise took 176 mortgage applications in Florida in 2025, ranking #390 of 1,993 lenders active in the state. It originated 6.3% of them and denied 50.0% (88.9% of the applications it decided), against a statewide denial rate of 21.1%.

176Applicationsin FL
88.9%Decision denial ratestate 27.2%
7.00%Median ratestate 6.63%
$285,000Median loanstate $255,000
$4.6MVolume39 counties

HomePromise in Florida vs the state

50.0%Denial rate+28.94 pts vs state
88.9%Decision denial rate+61.65 pts vs state
6.3%Origination rate-46.44 pts vs state
7.00%Median rate+0.38 pts vs state
0.48Rate spread (pts)+0.21 pts vs state
$82kMedian applicant income
11Loans originated
88Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232081846.2%7.63%#376
20241551442.6%7.50%#419
20251761150.0%7.00%#390

What HomePromise lends in Florida

By loan purpose

Home purchase 155 88% · 52.3% denied
Refinance 3 2% · 33.3% denied
Cash-out refinance 13 7% · 46.2% denied
Home improvement 5 3% · 0.0% denied

By loan type

Conventional 1 1% · 0.0% denied
FHA 4 2% · 75.0% denied
VA 171 97% · 49.7% denied

Why it denied Florida applicants

Credit history 59 67%
Debt-to-income ratio 29 33%

Where in Florida

Counties with the most HomePromise applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Duval County 18012 66.7%
Hillsborough County 1623 18.8%
Broward County 1004 40.0%
Marion County 1007 70.0%
Orange County 907 77.8%
Brevard County 813 37.5%
Lee County 813 37.5%
Clay County 824 50.0%
Volusia County 713 42.9%
Pasco County 701 14.3%

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: 176 applications in 2025, of which 11 were originated and 88 denied.

50.0% of all applications, or 88.9% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

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

About this data. Figures are HomePromise'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