Network Capital Funding in Florida vs the state
13.6%Denial rate-7.50 pts vs state
66.7%Decision denial rate+39.43 pts vs state
6.5%Origination rate-46.20 pts vs state
6.50%Median rate-0.13 pts vs state
0.11Rate spread (pts)-0.16 pts vs state
$90kMedian applicant income
89Loans originated
186Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,257 | 225 | 24.5% | 6.63% | #60 |
| 2024 | 1,822 | 154 | 12.5% | 6.44% | #96 |
| 2025 | 1,372 | 89 | 13.6% | 6.50% | #120 |
What Network Capital Funding lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Network Capital Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Broward County | 159 | 8 | 23 | 14.5% |
| Miami-Dade County | 142 | 11 | 20 | 14.1% |
| Palm Beach County | 122 | 5 | 13 | 10.7% |
| Orange County | 64 | 6 | 9 | 14.1% |
| Hillsborough County | 63 | 2 | 10 | 15.9% |
| Volusia County | 58 | 1 | 12 | 20.7% |
| Pinellas County | 52 | 0 | 5 | 9.6% |
| Duval County | 43 | 2 | 7 | 16.3% |
| Lee County | 42 | 3 | 5 | 11.9% |
| Seminole County | 41 | 6 | 5 | 12.2% |
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: 1,372 applications in 2025, of which 89 were originated and 186 denied.
13.6% 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 Network Capital Funding originated in Florida in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Network Capital Funding'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