Nqm Funding in Florida vs the state
15.3%Denial rate-5.74 pts vs state
17.6%Decision denial rate-9.61 pts vs state
65.4%Origination rate+12.68 pts vs state
7.00%Median rate+0.37 pts vs state
0.68Rate spread (pts)+0.42 pts vs state
$202kMedian applicant income
640Loans originated
150Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,064 | 611 | 17.0% | 7.75% | #141 |
| 2024 | 942 | 585 | 14.4% | 7.38% | #160 |
| 2025 | 979 | 640 | 15.3% | 7.00% | #158 |
What Nqm Funding lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Nqm Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Palm Beach County | 253 | 172 | 30 | 11.9% |
| Broward County | 146 | 87 | 19 | 13.0% |
| Miami-Dade County | 111 | 71 | 20 | 18.0% |
| St. Lucie County | 97 | 75 | 10 | 10.3% |
| Lee County | 41 | 27 | 7 | 17.1% |
| Collier County | 30 | 19 | 5 | 16.7% |
| Manatee County | 28 | 15 | 2 | 7.1% |
| Martin County | 25 | 23 | 0 | 0.0% |
| Orange County | 22 | 15 | 4 | 18.2% |
| Hillsborough County | 22 | 8 | 7 | 31.8% |
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: 979 applications in 2025, of which 640 were originated and 150 denied.
15.3% of all applications, or 17.6% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Nqm Funding originated in Florida in 2025 was 7.00%, against a statewide median of 6.63%.
About this data. Figures are Nqm 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