Southern Bancorp Bank · Florida · 2025

Southern Bancorp Bank in Florida: approval rate, denial rate and rates (2025)

Southern Bancorp Bank took 7 mortgage applications in Florida in 2025, ranking #1,013 of 1,993 lenders active in the state. It originated 42.9% of them and denied 14.3% (25.0% of the applications it decided), against a statewide denial rate of 21.1%.

7Applicationsin FL
25.0%Decision denial ratestate 27.2%
8.50%Median ratestate 6.63%
$285,000Median loanstate $255,000
$5.0MVolume5 counties

Southern Bancorp Bank in Florida vs the state

14.3%Denial rate-6.77 pts vs state
25.0%Decision denial rate-2.24 pts vs state
42.9%Origination rate-9.83 pts vs state
8.50%Median rate+1.88 pts vs state
Rate spread (pts)
$219kMedian applicant income
3Loans originated
1Denied

What Southern Bancorp Bank lends in Florida

By loan purpose

Home purchase 4 57% · 0.0% denied
Cash-out refinance 1 14% · 100.0% denied
Home improvement 2 29% · 0.0% denied

By loan type

Conventional 6 86% · 16.7% denied
VA 1 14% · 0.0% denied

Why it denied Florida applicants

Debt-to-income ratio 1 100%

Where in Florida

Counties with the most Southern Bancorp Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Collier County 320 0.0%
Brevard County 110 0.0%
Duval County 101 100.0%
Bay County 100 0.0%
Hillsborough County 100 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: 7 applications in 2025, of which 3 were originated and 1 denied.

14.3% of all applications, or 25.0% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans Southern Bancorp Bank originated in Florida in 2025 was 8.50%, against a statewide median of 6.63%.

About this data. Figures are Southern Bancorp 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