Loanpeople · Florida · 2025

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

Loanpeople took 597 mortgage applications in Florida in 2025, ranking #220 of 1,993 lenders active in the state. It originated 72.2% of them and denied 2.2% (2.9% of the applications it decided), against a statewide denial rate of 21.1%.

597Applicationsin FL
2.9%Decision denial ratestate 27.2%
6.50%Median ratestate 6.63%
$325,000Median loanstate $255,000
$165MVolume26 counties

Loanpeople in Florida vs the state

2.2%Denial rate-18.88 pts vs state
2.9%Decision denial rate-24.31 pts vs state
72.2%Origination rate+19.50 pts vs state
6.50%Median rate-0.13 pts vs state
0.19Rate spread (pts)-0.08 pts vs state
$125kMedian applicant income
431Loans originated
13Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20242421702.9%6.25%#351
20255974312.2%6.50%#220

What Loanpeople lends in Florida

By loan purpose

Home purchase 543 91% · 2.4% denied
Refinance 23 4% · 0.0% denied
Cash-out refinance 29 5% · 0.0% denied
Other / HELOC 2 0% · 0.0% denied

By loan type

Conventional 395 66% · 2.3% denied
FHA 133 22% · 3.0% denied
VA 69 12% · 0.0% denied

Why it denied Florida applicants

Debt-to-income ratio 5 38%
Collateral 4 31%
Other 3 23%
Insufficient cash 1 8%

Where in Florida

Counties with the most Loanpeople applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Duval County 3062229 2.9%
St. Johns County 115771 0.9%
Clay County 74620 0.0%
Volusia County 30212 6.7%
Nassau County 30201 3.3%
Flagler County 640 0.0%
Putnam County 520 0.0%
Bradford County 420 0.0%
Brevard County 320 0.0%
Sarasota County 320 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: 597 applications in 2025, of which 431 were originated and 13 denied.

2.2% of all applications, or 2.9% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Loanpeople originated in Florida in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are Loanpeople'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