Planet Home Lending · Florida · 2025

Planet Home Lending in Florida: approval rate, denial rate and rates (2025)

Planet Home Lending took 1,739 mortgage applications in Florida in 2025, ranking #104 of 1,993 lenders active in the state. It originated 69.4% of them and denied 19.7% (21.6% of the applications it decided), against a statewide denial rate of 21.1%.

1.7kApplicationsin FL
21.6%Decision denial ratestate 27.2%
6.25%Median ratestate 6.63%
$285,000Median loanstate $255,000
$392MVolume63 counties

Planet Home Lending in Florida vs the state

19.7%Denial rate-1.39 pts vs state
21.6%Decision denial rate-5.65 pts vs state
69.4%Origination rate+16.72 pts vs state
6.25%Median rate-0.38 pts vs state
0.16Rate spread (pts)-0.10 pts vs state
$98kMedian applicant income
1,207Loans originated
342Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
202387652032.9%6.63%#164
20241,25186326.1%6.50%#124
20251,7391,20719.7%6.25%#104

What Planet Home Lending lends in Florida

By loan purpose

Home purchase 766 44% · 14.1% denied
Refinance 637 37% · 16.2% denied
Cash-out refinance 206 12% · 41.8% denied
Home improvement 26 1% · 30.8% denied
Other / HELOC 104 6% · 35.6% denied

By loan type

Conventional 607 35% · 23.4% denied
FHA 699 40% · 18.6% denied
VA 431 25% · 16.0% denied
USDA / RHS 2 0% · 50.0% denied

Why it denied Florida applicants

Incomplete application 187 55%
Collateral 46 13%
Debt-to-income ratio 44 13%
Credit history 32 9%
Other 26 8%
Insufficient cash 5 1%
Unverifiable information 1 0%
Employment history 1 0%

Where in Florida

Counties with the most Planet Home Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Duval County 18915020 10.6%
Hillsborough County 1087320 18.5%
Polk County 935425 26.9%
Pasco County 76518 10.5%
St. Johns County 71535 7.0%
Broward County 704520 28.6%
Orange County 614014 23.0%
Volusia County 614610 16.4%
Miami-Dade County 583321 36.2%
Brevard County 563910 17.9%

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: 1,739 applications in 2025, of which 1,207 were originated and 342 denied.

19.7% of all applications, or 21.6% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Planet Home Lending originated in Florida in 2025 was 6.25%, against a statewide median of 6.63%.

About this data. Figures are Planet Home Lending'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