Rocket Mortgage · Florida · 2025

Rocket Mortgage in Florida: approval rate, denial rate and rates (2025)

Rocket Mortgage took 46,611 mortgage applications in Florida in 2025, ranking #2 of 1,993 lenders active in the state. It originated 67.6% of them and denied 21.0% (23.0% of the applications it decided), against a statewide denial rate of 21.1%.

47kApplicationsin FL
23.0%Decision denial ratestate 27.2%
6.63%Median ratestate 6.63%
$235,000Median loanstate $255,000
$8.5BVolume67 counties

Rocket Mortgage in Florida vs the state

21.0%Denial rate-0.05 pts vs state
23.0%Decision denial rate-4.25 pts vs state
67.6%Origination rate+14.95 pts vs state
6.63%Median rate0.00 pts vs state
0.48Rate spread (pts)+0.21 pts vs state
$104kMedian applicant income
31,530Loans originated
9,792Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
202337,22126,00618.4%6.63%#2
202442,40129,67019.5%6.63%#2
202546,61131,53021.0%6.63%#2

What Rocket Mortgage lends in Florida

By loan purpose

Home purchase 15,483 33% · 16.3% denied
Refinance 7,152 15% · 23.9% denied
Cash-out refinance 21,150 45% · 22.5% denied
Home improvement 884 2% · 28.9% denied
Other / HELOC 1,942 4% · 27.8% denied

By loan type

Conventional 34,266 74% · 20.1% denied
FHA 7,884 17% · 26.9% denied
VA 4,461 10% · 17.4% denied

Why it denied Florida applicants

Collateral 4,042 41%
Debt-to-income ratio 2,743 28%
Incomplete application 1,439 15%
Credit history 476 5%
Insufficient cash 416 4%
Other 401 4%
Unverifiable information 203 2%
Employment history 72 1%

Where in Florida

Counties with the most Rocket Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Broward County 3,6212,317927 25.6%
Miami-Dade County 3,2532,005918 28.2%
Palm Beach County 2,8071,812683 24.3%
Hillsborough County 2,7281,848537 19.7%
Orange County 2,3901,673456 19.1%
Lee County 2,2381,510501 22.4%
Pinellas County 2,0311,381419 20.6%
Duval County 1,9751,346384 19.4%
Brevard County 1,7601,200338 19.2%
Polk County 1,6921,181334 19.7%

Other large lenders in Florida

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 71,40515.3%6.44%
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%
Regions BankC 14,06239.5%5.38%

Frequently asked questions

Florida: 46,611 applications in 2025, of which 31,530 were originated and 9,792 denied.

21.0% of all applications, or 23.0% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Rocket Mortgage originated in Florida in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Rocket Mortgage'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