The Federal Savings Bank · Florida · 2025

The Federal Savings Bank in Florida: approval rate, denial rate and rates (2025)

The Federal Savings Bank took 1,067 mortgage applications in Florida in 2025, ranking #147 of 1,993 lenders active in the state. It originated 37.2% of them and denied 12.3% (24.2% of the applications it decided), against a statewide denial rate of 21.1%.

1.1kApplicationsin FL
24.2%Decision denial ratestate 27.2%
6.63%Median ratestate 6.63%
$335,000Median loanstate $255,000
$152MVolume55 counties

The Federal Savings Bank in Florida vs the state

12.3%Denial rate-8.78 pts vs state
24.2%Decision denial rate-3.03 pts vs state
37.2%Origination rate-15.48 pts vs state
6.63%Median rate0.00 pts vs state
0.33Rate spread (pts)+0.06 pts vs state
$101kMedian applicant income
397Loans originated
131Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,49856910.8%6.63%#107
20241,0923919.8%6.63%#144
20251,06739712.3%6.63%#147

What The Federal Savings Bank lends in Florida

By loan purpose

Home purchase 354 33% · 11.6% denied
Refinance 134 13% · 23.1% denied
Cash-out refinance 505 47% · 9.9% denied
Home improvement 32 3% · 9.4% denied
Other / HELOC 42 4% · 14.3% denied

By loan type

Conventional 373 35% · 11.8% denied
FHA 155 15% · 16.1% denied
VA 538 50% · 11.5% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Florida applicants

Incomplete application 50 38%
Other 22 17%
Debt-to-income ratio 21 16%
Collateral 16 12%
Credit history 8 6%
Insufficient cash 7 5%
Unverifiable information 7 5%

Where in Florida

Counties with the most The Federal Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Broward County 1255612 9.6%
Miami-Dade County 923516 17.4%
Hillsborough County 65269 13.8%
Palm Beach County 52187 13.5%
Polk County 48169 18.8%
Marion County 421312 28.6%
Duval County 42139 21.4%
Lee County 39165 12.8%
Orange County 37191 2.7%
Osceola County 32161 3.1%

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: 1,067 applications in 2025, of which 397 were originated and 131 denied.

12.3% of all applications, or 24.2% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

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

About this data. Figures are The Federal Savings 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