NFM in Florida vs the state
3.2%Denial rate-17.90 pts vs state
3.9%Decision denial rate-23.32 pts vs state
77.2%Origination rate+24.50 pts vs state
6.25%Median rate-0.38 pts vs state
0.07Rate spread (pts)-0.20 pts vs state
$129kMedian applicant income
2,000Loans originated
82Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,776 | 2,057 | 3.5% | 6.63% | #68 |
| 2024 | 2,760 | 2,159 | 3.1% | 6.50% | #68 |
| 2025 | 2,591 | 2,000 | 3.2% | 6.25% | #79 |
What NFM lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most NFM applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lake County | 275 | 224 | 13 | 4.7% |
| Hillsborough County | 217 | 180 | 3 | 1.4% |
| Osceola County | 204 | 163 | 8 | 3.9% |
| Polk County | 176 | 147 | 9 | 5.1% |
| Pinellas County | 171 | 118 | 4 | 2.3% |
| Broward County | 167 | 135 | 0 | 0.0% |
| Orange County | 166 | 121 | 5 | 3.0% |
| Brevard County | 139 | 121 | 3 | 2.2% |
| Miami-Dade County | 126 | 97 | 8 | 6.3% |
| Sarasota County | 111 | 69 | 10 | 9.0% |
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: 2,591 applications in 2025, of which 2,000 were originated and 82 denied.
3.2% of all applications, or 3.9% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans NFM originated in Florida in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are NFM'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