Pinnacle Bank · Florida · 2025

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

Pinnacle Bank took 191 mortgage applications in Florida in 2025, ranking #376 of 1,993 lenders active in the state. It originated 56.0% of them and denied 23.0% (27.0% of the applications it decided), against a statewide denial rate of 21.1%.

191Applicationsin FL
27.0%Decision denial ratestate 27.2%
6.50%Median ratestate 6.63%
$265,000Median loanstate $255,000
$135MVolume31 counties

Pinnacle Bank in Florida vs the state

23.0%Denial rate+1.98 pts vs state
27.0%Decision denial rate-0.25 pts vs state
56.0%Origination rate+3.33 pts vs state
6.50%Median rate-0.13 pts vs state
0.23Rate spread (pts)-0.04 pts vs state
$170kMedian applicant income
107Loans originated
44Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023117769.4%6.81%#454
20241176222.2%7.25%#459
202519110723.0%6.50%#376

What Pinnacle Bank lends in Florida

By loan purpose

Home purchase 86 45% · 8.1% denied
Refinance 23 12% · 17.4% denied
Cash-out refinance 3 2% · 33.3% denied
Home improvement 51 27% · 37.3% denied
Other / HELOC 28 15% · 46.4% denied

By loan type

Conventional 188 98% · 22.9% denied
FHA 3 2% · 33.3% denied

Why it denied Florida applicants

Debt-to-income ratio 18 41%
Credit history 16 36%
Other 4 9%
Insufficient cash 2 5%
Unverifiable information 2 5%
Collateral 2 5%

Where in Florida

Counties with the most Pinnacle Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Duval County 642823 35.9%
Walton County 20134 20.0%
St. Johns County 1051 10.0%
Collier County 871 12.5%
Palm Beach County 840 0.0%
Pinellas County 641 16.7%
Bay County 650 0.0%
Pasco County 531 20.0%
Clay County 514 80.0%
Hillsborough County 531 20.0%

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: 191 applications in 2025, of which 107 were originated and 44 denied.

23.0% of all applications, or 27.0% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Pinnacle Bank originated in Florida in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are Pinnacle 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