Michigan Mutual in Florida vs the state
10.5%Denial rate-10.52 pts vs state
13.2%Decision denial rate-14.03 pts vs state
44.7%Origination rate-7.96 pts vs state
6.88%Median rate+0.25 pts vs state
0.54Rate spread (pts)+0.27 pts vs state
$105kMedian applicant income
157Loans originated
37Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 929 | 463 | 9.7% | 6.63% | #159 |
| 2024 | 646 | 386 | 11.0% | 6.75% | #204 |
| 2025 | 351 | 157 | 10.5% | 6.88% | #286 |
What Michigan Mutual lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Michigan Mutual applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Broward County | 32 | 13 | 4 | 12.5% |
| Hillsborough County | 32 | 8 | 5 | 15.6% |
| Pinellas County | 30 | 15 | 4 | 13.3% |
| Miami-Dade County | 29 | 13 | 4 | 13.8% |
| Pasco County | 26 | 13 | 0 | 0.0% |
| Polk County | 24 | 8 | 5 | 20.8% |
| Hernando County | 20 | 12 | 4 | 20.0% |
| Palm Beach County | 17 | 9 | 2 | 11.8% |
| Osceola County | 13 | 7 | 1 | 7.7% |
| Volusia County | 12 | 7 | 1 | 8.3% |
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: 351 applications in 2025, of which 157 were originated and 37 denied.
10.5% of all applications, or 13.2% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Michigan Mutual originated in Florida in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are Michigan Mutual'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