Lower in Florida vs the state
11.3%Denial rate-9.76 pts vs state
15.5%Decision denial rate-11.71 pts vs state
60.8%Origination rate+8.10 pts vs state
6.63%Median rate0.00 pts vs state
0.38Rate spread (pts)+0.11 pts vs state
$111kMedian applicant income
1,721Loans originated
320Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,082 | 1,361 | 14.5% | 6.75% | #83 |
| 2024 | 2,586 | 1,522 | 12.8% | 6.75% | #72 |
| 2025 | 2,831 | 1,721 | 11.3% | 6.63% | #73 |
What Lower lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Lower applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lee County | 280 | 207 | 19 | 6.8% |
| Broward County | 217 | 121 | 31 | 14.3% |
| Polk County | 202 | 143 | 21 | 10.4% |
| Hillsborough County | 200 | 133 | 15 | 7.5% |
| Palm Beach County | 189 | 111 | 17 | 9.0% |
| Pinellas County | 187 | 127 | 12 | 6.4% |
| Miami-Dade County | 180 | 80 | 36 | 20.0% |
| Orange County | 113 | 62 | 13 | 11.5% |
| DeSoto County | 105 | 82 | 8 | 7.6% |
| Charlotte County | 104 | 68 | 13 | 12.5% |
Other large lenders in Florida
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 71,405 | 15.3% | 6.44% |
| Rocket Mortgage | C | 46,611 | 21.0% | 6.63% |
| Bank of America | F | 23,634 | 37.7% | 6.24% |
| Pennymac Loan Services | C | 19,516 | 14.1% | 6.50% |
| Navy Federal Credit Union | D | 19,452 | 23.2% | 7.59% |
| Crosscountry Mortgage | B | 19,103 | 5.2% | 6.75% |
| Newrez | D | 17,519 | 22.4% | 6.75% |
| Dhi Mortgage Company | B | 16,661 | 14.5% | 4.88% |
| Lennar Mortgage | A | 14,984 | 21.0% | 4.75% |
| Truist Bank | C | 14,140 | 41.5% | 6.60% |
Frequently asked questions
Florida: 2,831 applications in 2025, of which 1,721 were originated and 320 denied.
11.3% of all applications, or 15.5% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Lower originated in Florida in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Lower'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