Police & Fire · Florida · 2025

Police & Fire in Florida: approval rate, denial rate and rates (2025)

Police & Fire took 136 mortgage applications in Florida in 2025, ranking #434 of 1,993 lenders active in the state. It originated 41.2% of them and denied 31.6% (43.4% of the applications it decided), against a statewide denial rate of 21.1%.

136Applicationsin FL
43.4%Decision denial ratestate 27.2%
6.31%Median ratestate 6.63%
$75,000Median loanstate $255,000
$9.5MVolume32 counties

Police & Fire in Florida vs the state

31.6%Denial rate+10.56 pts vs state
43.4%Decision denial rate+16.19 pts vs state
41.2%Origination rate-11.51 pts vs state
6.31%Median rate-0.31 pts vs state
-0.09Rate spread (pts)-0.36 pts vs state
$109kMedian applicant income
56Loans originated
43Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231094633.9%6.24%#471
20241064636.8%6.74%#473
20251365631.6%6.31%#434

What Police & Fire lends in Florida

By loan purpose

Home purchase 6 4% · 0.0% denied
Refinance 14 10% · 21.4% denied
Cash-out refinance 74 54% · 33.8% denied
Home improvement 42 31% · 35.7% denied

By loan type

Conventional 136 100% · 31.6% denied

Why it denied Florida applicants

Debt-to-income ratio 30 70%
Collateral 6 14%
Credit history 4 9%
Employment history 2 5%
Other 1 2%

Where in Florida

Counties with the most Police & Fire applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Lee County 1768 47.1%
Palm Beach County 1254 33.3%
Manatee County 1151 9.1%
Seminole County 831 12.5%
Polk County 822 25.0%
Pinellas County 730 0.0%
Indian River County 631 16.7%
Broward County 613 50.0%
Volusia County 623 50.0%
Brevard 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: 136 applications in 2025, of which 56 were originated and 43 denied.

31.6% of all applications, or 43.4% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Police & Fire originated in Florida in 2025 was 6.31%, against a statewide median of 6.63%.

About this data. Figures are Police & Fire'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