Inova · Florida · 2025

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

Inova took 15 mortgage applications in Florida in 2025, ranking #823 of 1,993 lenders active in the state. It originated 33.3% of them and denied 46.7% (58.3% of the applications it decided), against a statewide denial rate of 21.1%.

15Applicationsin FL
58.3%Decision denial ratestate 27.2%
5.88%Median ratestate 6.63%
$105,000Median loanstate $255,000
$975kVolume13 counties

Inova in Florida vs the state

46.7%Denial rate+25.61 pts vs state
58.3%Decision denial rate+31.09 pts vs state
33.3%Origination rate-19.36 pts vs state
5.88%Median rate-0.75 pts vs state
-0.09Rate spread (pts)-0.36 pts vs state
$145kMedian applicant income
5Loans originated
7Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023261519.2%2.99%#768
2024261130.8%2.99%#720
202515546.7%5.88%#823

What Inova lends in Florida

By loan purpose

Home purchase 1 7% · 0.0% denied
Refinance 1 7% · 100.0% denied
Cash-out refinance 1 7% · 0.0% denied
Home improvement 5 33% · 40.0% denied
Other / HELOC 7 47% · 57.1% denied

By loan type

Conventional 15 100% · 46.7% denied

Why it denied Florida applicants

Debt-to-income ratio 4 57%
Credit history 1 14%
Collateral 1 14%
Other 1 14%

Where in Florida

Counties with the most Inova applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Palm Beach County 211 50.0%
Orange County 201 50.0%
Broward County 100 0.0%
Sarasota County 101 100.0%
Pasco County 101 100.0%
Washington County 100 0.0%
St. Lucie County 101 100.0%
Okaloosa County 101 100.0%
Hillsborough County 110 0.0%
Collier County 110 0.0%

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: 15 applications in 2025, of which 5 were originated and 7 denied.

46.7% of all applications, or 58.3% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Inova originated in Florida in 2025 was 5.88%, against a statewide median of 6.63%.

About this data. Figures are Inova'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