Legend Lending · Florida · 2025

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

Legend Lending took 195 mortgage applications in Florida in 2025, ranking #373 of 1,993 lenders active in the state. It originated 75.4% of them and denied 1.0% (1.3% of the applications it decided), against a statewide denial rate of 21.1%.

195Applicationsin FL
1.3%Decision denial ratestate 27.2%
6.75%Median ratestate 6.63%
$315,000Median loanstate $255,000
$54MVolume21 counties

Legend Lending in Florida vs the state

1.0%Denial rate-20.03 pts vs state
1.3%Decision denial rate-25.90 pts vs state
75.4%Origination rate+22.69 pts vs state
6.75%Median rate+0.13 pts vs state
0.59Rate spread (pts)+0.32 pts vs state
$126kMedian applicant income
147Loans originated
2Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231981511.5%6.88%#384
20241871182.1%7.13%#387
20251951471.0%6.75%#373

What Legend Lending lends in Florida

By loan purpose

Home purchase 156 80% · 1.3% denied
Refinance 11 6% · 0.0% denied
Cash-out refinance 28 14% · 0.0% denied

By loan type

Conventional 160 82% · 1.3% denied
FHA 31 16% · 0.0% denied
VA 4 2% · 0.0% denied

Why it denied Florida applicants

Collateral 2 100%

Where in Florida

Counties with the most Legend Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pinellas County 109871 0.9%
Pasco County 31230 0.0%
Hillsborough County 20130 0.0%
Brevard County 760 0.0%
Volusia County 440 0.0%
Orange County 400 0.0%
Hernando County 200 0.0%
Polk County 201 50.0%
Citrus County 220 0.0%
Seminole County 220 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: 195 applications in 2025, of which 147 were originated and 2 denied.

1.0% of all applications, or 1.3% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Legend Lending originated in Florida in 2025 was 6.75%, against a statewide median of 6.63%.

About this data. Figures are Legend Lending'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