KeyBank · Florida · 2025

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

KeyBank took 179 mortgage applications in Florida in 2025, ranking #387 of 1,993 lenders active in the state. It originated 50.3% of them and denied 27.4% (35.3% of the applications it decided), against a statewide denial rate of 21.1%.

179Applicationsin FL
35.3%Decision denial ratestate 27.2%
6.63%Median ratestate 6.63%
$315,000Median loanstate $255,000
$40MVolume31 counties

KeyBank in Florida vs the state

27.4%Denial rate+6.31 pts vs state
35.3%Decision denial rate+8.01 pts vs state
50.3%Origination rate-2.41 pts vs state
6.63%Median rate0.00 pts vs state
0.17Rate spread (pts)-0.09 pts vs state
$174kMedian applicant income
90Loans originated
49Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
202329716622.2%6.63%#314
20241829725.8%6.75%#390
20251799027.4%6.63%#387

What KeyBank lends in Florida

By loan purpose

Home purchase 101 56% · 9.9% denied
Refinance 20 11% · 45.0% denied
Cash-out refinance 7 4% · 71.4% denied
Home improvement 20 11% · 25.0% denied
Other / HELOC 31 17% · 64.5% denied

By loan type

Conventional 176 98% · 27.3% denied
FHA 1 1% · 0.0% denied
VA 2 1% · 50.0% denied

Why it denied Florida applicants

Incomplete application 19 39%
Credit history 13 27%
Debt-to-income ratio 10 20%
Collateral 4 8%
Other 3 6%

Where in Florida

Counties with the most KeyBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Lee County 31185 16.1%
Collier County 1997 36.8%
Palm Beach County 1457 50.0%
Sarasota County 1254 33.3%
Manatee County 1172 18.2%
Pinellas County 1046 60.0%
Marion County 971 11.1%
Orange County 822 25.0%
Miami-Dade County 824 50.0%
Sumter County 650 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: 179 applications in 2025, of which 90 were originated and 49 denied.

27.4% of all applications, or 35.3% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

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

About this data. Figures are KeyBank'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