Mortgage Research Center · Florida · 2025

Mortgage Research Center in Florida: approval rate, denial rate and rates (2025)

Mortgage Research Center took 14,057 mortgage applications in Florida in 2025, ranking #12 of 1,993 lenders active in the state. It originated 39.2% of them and denied 21.2% (34.9% of the applications it decided), against a statewide denial rate of 21.1%.

14kApplicationsin FL
34.9%Decision denial ratestate 27.2%
6.25%Median ratestate 6.63%
$325,000Median loanstate $255,000
$2.0BVolume67 counties

Mortgage Research Center in Florida vs the state

21.2%Denial rate+0.15 pts vs state
34.9%Decision denial rate+7.61 pts vs state
39.2%Origination rate-13.52 pts vs state
6.25%Median rate-0.38 pts vs state
-0.27Rate spread (pts)-0.54 pts vs state
$99kMedian applicant income
5,506Loans originated
2,982Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
202311,0054,72916.2%6.75%#18
202411,8145,03518.0%6.38%#16
202514,0575,50621.2%6.25%#12

What Mortgage Research Center lends in Florida

By loan purpose

Home purchase 7,805 56% · 7.8% denied
Refinance 2,977 21% · 41.2% denied
Cash-out refinance 3,275 23% · 35.1% denied

By loan type

Conventional 1,142 8% · 27.3% denied
FHA 341 2% · 28.2% denied
VA 12,568 89% · 20.5% denied
USDA / RHS 6 0% · 50.0% denied

Why it denied Florida applicants

Credit history 1,337 45%
Other 926 31%
Incomplete application 337 11%
Debt-to-income ratio 236 8%
Collateral 100 3%
Employment history 24 1%
Insufficient cash 22 1%

Where in Florida

Counties with the most Mortgage Research Center applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Duval County 1,064438234 22.0%
Hillsborough County 791316161 20.4%
Brevard County 777279166 21.4%
Polk County 637242163 25.6%
Marion County 567263118 20.8%
Pasco County 565210126 22.3%
Volusia County 52122388 16.9%
Broward County 486158119 24.5%
Escambia County 47922587 18.2%
Okaloosa County 478187100 20.9%

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: 14,057 applications in 2025, of which 5,506 were originated and 2,982 denied.

21.2% of all applications, or 34.9% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Mortgage Research Center originated in Florida in 2025 was 6.25%, against a statewide median of 6.63%.

About this data. Figures are Mortgage Research Center'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