Sofi Bank in Florida vs the state
10.9%Denial rate-10.17 pts vs state
29.8%Decision denial rate+2.53 pts vs state
25.2%Origination rate-27.54 pts vs state
7.50%Median rate+0.88 pts vs state
1.42Rate spread (pts)+1.16 pts vs state
$132kMedian applicant income
1,042Loans originated
451Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 786 | 240 | 16.9% | 6.88% | #178 |
| 2024 | 1,358 | 443 | 18.6% | 6.75% | #113 |
| 2025 | 4,143 | 1,042 | 10.9% | 7.50% | #52 |
What Sofi Bank lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Miami-Dade County | 457 | 81 | 61 | 13.3% |
| Broward County | 370 | 78 | 42 | 11.4% |
| Palm Beach County | 329 | 71 | 46 | 14.0% |
| Orange County | 303 | 93 | 37 | 12.2% |
| Hillsborough County | 261 | 76 | 24 | 9.2% |
| Pinellas County | 200 | 54 | 20 | 10.0% |
| Duval County | 157 | 41 | 21 | 13.4% |
| Brevard County | 141 | 41 | 15 | 10.6% |
| Seminole County | 127 | 39 | 7 | 5.5% |
| Lee County | 122 | 34 | 8 | 6.6% |
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: 4,143 applications in 2025, of which 1,042 were originated and 451 denied.
10.9% of all applications, or 29.8% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Sofi Bank originated in Florida in 2025 was 7.50%, against a statewide median of 6.63%.
About this data. Figures are Sofi 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