Needham Bank · Florida · 2025

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

Needham Bank took 5 mortgage applications in Florida in 2025, ranking #1,101 of 1,993 lenders active in the state. It originated 20.0% of them and denied 40.0% (66.7% of the applications it decided), against a statewide denial rate of 21.1%.

5Applicationsin FL
66.7%Decision denial ratestate 27.2%
7.50%Median ratestate 6.63%
$455,000Median loanstate $255,000
$3.0MVolume5 counties

Needham Bank in Florida vs the state

40.0%Denial rate+18.94 pts vs state
66.7%Decision denial rate+39.43 pts vs state
20.0%Origination rate-32.69 pts vs state
7.50%Median rate+0.88 pts vs state
Rate spread (pts)
$166kMedian applicant income
1Loans originated
2Denied

What Needham Bank lends in Florida

By loan purpose

Home purchase 2 40% · 50.0% denied
Refinance 2 40% · 50.0% denied
Home improvement 1 20% · 0.0% denied

By loan type

Conventional 5 100% · 40.0% denied

Why it denied Florida applicants

Other 2 100%

Where in Florida

Counties with the most Needham Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Broward County 101 100.0%
Orange County 100 0.0%
Pinellas County 100 0.0%
Collier County 110 0.0%
Hillsborough County 101 100.0%

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: 5 applications in 2025, of which 1 were originated and 2 denied.

40.0% of all applications, or 66.7% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Needham Bank originated in Florida in 2025 was 7.50%, against a statewide median of 6.63%.

About this data. Figures are Needham Bank'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