Summit Funding in Florida vs the state
15.6%Denial rate-5.44 pts vs state
21.4%Decision denial rate-5.86 pts vs state
56.7%Origination rate+3.99 pts vs state
6.88%Median rate+0.25 pts vs state
0.44Rate spread (pts)+0.17 pts vs state
$140kMedian applicant income
225Loans originated
62Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 74 | 26 | 14.9% | 6.75% | #545 |
| 2024 | 338 | 231 | 6.2% | 6.69% | #296 |
| 2025 | 397 | 225 | 15.6% | 6.88% | #271 |
What Summit Funding lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Summit Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Miami-Dade County | 75 | 46 | 9 | 12.0% |
| Volusia County | 60 | 35 | 6 | 10.0% |
| Broward County | 50 | 29 | 7 | 14.0% |
| Escambia County | 26 | 17 | 3 | 11.5% |
| Santa Rosa County | 23 | 15 | 4 | 17.4% |
| Palm Beach County | 21 | 8 | 4 | 19.0% |
| Manatee County | 17 | 14 | 1 | 5.9% |
| Orange County | 12 | 5 | 3 | 25.0% |
| Pinellas County | 11 | 6 | 2 | 18.2% |
| Sarasota County | 10 | 7 | 1 | 10.0% |
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: 397 applications in 2025, of which 225 were originated and 62 denied.
15.6% of all applications, or 21.4% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Summit Funding originated in Florida in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are Summit Funding'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