NexBank in Florida vs the state
15.5%Denial rate-5.56 pts vs state
17.9%Decision denial rate-9.32 pts vs state
68.8%Origination rate+16.06 pts vs state
6.63%Median rate0.00 pts vs state
0.24Rate spread (pts)-0.03 pts vs state
$200kMedian applicant income
275Loans originated
62Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 377 | 253 | 15.4% | 7.25% | #277 |
| 2024 | 422 | 285 | 14.9% | 6.99% | #260 |
| 2025 | 400 | 275 | 15.5% | 6.63% | #269 |
What NexBank lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most NexBank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Palm Beach County | 42 | 36 | 5 | 11.9% |
| Pinellas County | 29 | 17 | 5 | 17.2% |
| Miami-Dade County | 28 | 16 | 8 | 28.6% |
| Broward County | 27 | 16 | 5 | 18.5% |
| Lee County | 25 | 15 | 2 | 8.0% |
| Hillsborough County | 24 | 20 | 2 | 8.3% |
| Orange County | 21 | 11 | 4 | 19.0% |
| Manatee County | 16 | 13 | 2 | 12.5% |
| Polk County | 15 | 9 | 5 | 33.3% |
| Osceola County | 14 | 7 | 1 | 7.1% |
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: 400 applications in 2025, of which 275 were originated and 62 denied.
15.5% of all applications, or 17.9% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans NexBank originated in Florida in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are NexBank'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