SouthState Bank · Florida · 2025

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

SouthState Bank took 4,230 mortgage applications in Florida in 2025, ranking #50 of 1,993 lenders active in the state. It originated 61.8% of them and denied 21.9% (25.7% of the applications it decided), against a statewide denial rate of 21.1%.

4.2kApplicationsin FL
25.7%Decision denial ratestate 27.2%
6.90%Median ratestate 6.63%
$205,000Median loanstate $255,000
$906MVolume59 counties

SouthState Bank in Florida vs the state

21.9%Denial rate+0.81 pts vs state
25.7%Decision denial rate-1.53 pts vs state
61.8%Origination rate+9.15 pts vs state
6.90%Median rate+0.28 pts vs state
0.41Rate spread (pts)+0.14 pts vs state
$112kMedian applicant income
2,616Loans originated
925Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20235,8383,53321.7%6.99%#38
20244,8742,89323.5%7.20%#45
20254,2302,61621.9%6.90%#50

What SouthState Bank lends in Florida

By loan purpose

Home purchase 2,448 58% · 14.4% denied
Refinance 464 11% · 26.1% denied
Cash-out refinance 93 2% · 11.8% denied
Home improvement 852 20% · 32.4% denied
Other / HELOC 373 9% · 44.2% denied

By loan type

Conventional 3,984 94% · 22.5% denied
FHA 190 4% · 13.7% denied
VA 53 1% · 7.6% denied
USDA / RHS 3 0% · 0.0% denied

Why it denied Florida applicants

Debt-to-income ratio 551 60%
Credit history 136 15%
Collateral 87 9%
Incomplete application 78 8%
Unverifiable information 28 3%
Other 23 2%
Employment history 12 1%
Insufficient cash 10 1%

Where in Florida

Counties with the most SouthState Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Polk County 534323136 25.5%
Orange County 28216854 19.1%
Manatee County 20113933 16.4%
Sarasota County 18913323 12.2%
Osceola County 1879761 32.6%
Marion County 18611935 18.8%
Hillsborough County 18011939 21.7%
Volusia County 17410734 19.5%
Lake County 1548942 27.3%
Pasco County 1449725 17.4%

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: 4,230 applications in 2025, of which 2,616 were originated and 925 denied.

21.9% of all applications, or 25.7% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans SouthState Bank originated in Florida in 2025 was 6.90%, against a statewide median of 6.63%.

About this data. Figures are SouthState 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