South Central Bank · Florida · 2025

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

South Central Bank took 10 mortgage applications in Florida in 2025, ranking #939 of 1,993 lenders active in the state. It originated 60.0% of them and denied 20.0% (22.2% of the applications it decided), against a statewide denial rate of 21.1%.

10Applicationsin FL
22.2%Decision denial ratestate 27.2%
7.13%Median ratestate 6.63%
$200,000Median loanstate $255,000
$3.6MVolume8 counties

South Central Bank in Florida vs the state

20.0%Denial rate-1.06 pts vs state
22.2%Decision denial rate-5.02 pts vs state
60.0%Origination rate+7.31 pts vs state
7.13%Median rate+0.50 pts vs state
0.32Rate spread (pts)+0.05 pts vs state
$66kMedian applicant income
6Loans originated
2Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023770.0%7.25%#1,083
20241180.0%8.00%#900
202510620.0%7.13%#939

What South Central Bank lends in Florida

By loan purpose

Home purchase 6 60% · 16.7% denied
Refinance 1 10% · 0.0% denied
Cash-out refinance 1 10% · 0.0% denied
Home improvement 1 10% · 0.0% denied
Other / HELOC 1 10% · 100.0% denied

By loan type

Conventional 10 100% · 20.0% denied

Why it denied Florida applicants

Debt-to-income ratio 1 50%
Collateral 1 50%

Where in Florida

Counties with the most South Central Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Walton County 330 0.0%
Collier County 100 0.0%
St. Lucie County 101 100.0%
Hillsborough County 100 0.0%
Hernando County 110 0.0%
Bay County 101 100.0%
Lake County 110 0.0%
Columbia County 110 0.0%

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: 10 applications in 2025, of which 6 were originated and 2 denied.

20.0% of all applications, or 22.2% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans South Central Bank originated in Florida in 2025 was 7.13%, against a statewide median of 6.63%.

About this data. Figures are South Central 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