Midflorida · Florida · 2025

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

Midflorida took 9,125 mortgage applications in Florida in 2025, ranking #22 of 1,993 lenders active in the state. It originated 40.8% of them and denied 43.4% (51.0% of the applications it decided), against a statewide denial rate of 21.1%.

9.1kApplicationsin FL
51.0%Decision denial ratestate 27.2%
6.38%Median ratestate 6.63%
$105,000Median loanstate $255,000
$764MVolume63 counties

Midflorida in Florida vs the state

43.4%Denial rate+22.37 pts vs state
51.0%Decision denial rate+23.72 pts vs state
40.8%Origination rate-11.91 pts vs state
6.38%Median rate-0.25 pts vs state
-0.06Rate spread (pts)-0.33 pts vs state
$102kMedian applicant income
3,721Loans originated
3,963Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20238,1393,06747.2%6.25%#26
20248,7813,33847.5%6.49%#25
20259,1253,72143.4%6.38%#22

What Midflorida lends in Florida

By loan purpose

Home purchase 2,279 25% · 26.4% denied
Refinance 1,345 15% · 31.2% denied
Cash-out refinance 333 4% · 33.3% denied
Home improvement 2,888 32% · 45.6% denied
Other / HELOC 2,280 25% · 66.4% denied

By loan type

Conventional 9,020 99% · 43.3% denied
FHA 89 1% · 58.4% denied
VA 12 0% · 58.3% denied
USDA / RHS 4 0% · 75.0% denied

Why it denied Florida applicants

Credit history 1,404 35%
Debt-to-income ratio 1,356 34%
Collateral 928 23%
Incomplete application 104 3%
Unverifiable information 92 2%
Other 49 1%
Employment history 15 0%
Insufficient cash 14 0%
Mortgage insurance denied 1 0%

Where in Florida

Counties with the most Midflorida applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Polk County 2,4461,160898 36.7%
Hillsborough County 870335381 43.8%
Pinellas County 641265260 40.6%
St. Lucie County 574215288 50.2%
Highlands County 501241198 39.5%
Marion County 428187177 41.4%
Pasco County 415181163 39.3%
Orange County 340117177 52.1%
Indian River County 256110106 41.4%
Hernando County 2079282 39.6%

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: 9,125 applications in 2025, of which 3,721 were originated and 3,963 denied.

43.4% of all applications, or 51.0% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Midflorida originated in Florida in 2025 was 6.38%, against a statewide median of 6.63%.

About this data. Figures are Midflorida'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