Manufacturers and Traders Trust · Florida · 2025

Manufacturers and Traders Trust in Florida: approval rate, denial rate and rates (2025)

Manufacturers and Traders Trust took 773 mortgage applications in Florida in 2025, ranking #183 of 1,993 lenders active in the state. It originated 44.2% of them and denied 35.6% (43.3% of the applications it decided), against a statewide denial rate of 21.1%.

773Applicationsin FL
43.3%Decision denial ratestate 27.2%
5.88%Median ratestate 6.63%
$205,000Median loanstate $255,000
$194MVolume54 counties

Manufacturers and Traders Trust in Florida vs the state

35.6%Denial rate+14.52 pts vs state
43.3%Decision denial rate+16.07 pts vs state
44.2%Origination rate-8.45 pts vs state
5.88%Median rate-0.75 pts vs state
-0.07Rate spread (pts)-0.34 pts vs state
$116kMedian applicant income
342Loans originated
275Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
202365828338.0%6.75%#198
202462528537.6%6.50%#207
202577334235.6%5.88%#183

What Manufacturers and Traders Trust lends in Florida

By loan purpose

Home purchase 241 31% · 10.4% denied
Refinance 53 7% · 24.5% denied
Cash-out refinance 116 15% · 23.3% denied
Home improvement 178 23% · 74.7% denied
Other / HELOC 185 24% · 41.6% denied

By loan type

Conventional 540 70% · 44.6% denied
FHA 119 15% · 21.9% denied
VA 113 15% · 7.1% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Florida applicants

Credit history 115 42%
Debt-to-income ratio 80 29%
Other 35 13%
Collateral 29 11%
Incomplete application 10 4%
Unverifiable information 4 1%
Insufficient cash 1 0%
Employment history 1 0%

Where in Florida

Counties with the most Manufacturers and Traders Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Palm Beach County 683720 29.4%
Miami-Dade County 622031 50.0%
Broward County 591432 54.2%
Hillsborough County 422017 40.5%
Lee County 422312 28.6%
Orange County 371221 56.8%
Collier County 352210 28.6%
Duval County 31178 25.8%
Polk County 26911 42.3%
Pasco County 26910 38.5%

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: 773 applications in 2025, of which 342 were originated and 275 denied.

35.6% of all applications, or 43.3% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Manufacturers and Traders Trust originated in Florida in 2025 was 5.88%, against a statewide median of 6.63%.

About this data. Figures are Manufacturers and Traders Trust'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