The Loan Store · Florida · 2025

The Loan Store in Florida: approval rate, denial rate and rates (2025)

The Loan Store took 7,631 mortgage applications in Florida in 2025, ranking #29 of 1,993 lenders active in the state. It originated 60.6% of them and denied 16.1% (17.9% of the applications it decided), against a statewide denial rate of 21.1%.

7.6kApplicationsin FL
17.9%Decision denial ratestate 27.2%
7.13%Median ratestate 6.63%
$245,000Median loanstate $255,000
$1.5BVolume59 counties

The Loan Store in Florida vs the state

16.1%Denial rate-5.01 pts vs state
17.9%Decision denial rate-9.35 pts vs state
60.6%Origination rate+7.94 pts vs state
7.13%Median rate+0.50 pts vs state
0.83Rate spread (pts)+0.56 pts vs state
$129kMedian applicant income
4,627Loans originated
1,225Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
202397047422.2%7.50%#153
20245,1252,79718.9%7.38%#43
20257,6314,62716.1%7.13%#29

What The Loan Store lends in Florida

By loan purpose

Home purchase 3,526 46% · 7.9% denied
Refinance 317 4% · 9.8% denied
Cash-out refinance 772 10% · 10.5% denied
Home improvement 1,140 15% · 27.3% denied
Other / HELOC 1,876 25% · 28.0% denied

By loan type

Conventional 6,760 89% · 17.1% denied
FHA 749 10% · 8.8% denied
VA 115 2% · 4.4% denied
USDA / RHS 7 0% · 14.3% denied

Why it denied Florida applicants

Debt-to-income ratio 670 55%
Collateral 172 14%
Incomplete application 160 13%
Credit history 102 8%
Other 87 7%
Insufficient cash 18 1%
Employment history 10 1%
Unverifiable information 6 0%

Where in Florida

Counties with the most The Loan Store applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Miami-Dade County 1,418812253 17.8%
Broward County 962544191 19.9%
Palm Beach County 46925990 19.2%
Hillsborough County 44928165 14.5%
Orange County 43025495 22.1%
Lee County 31219747 15.1%
Pinellas County 31219148 15.4%
Duval County 27118324 8.9%
Pasco County 20514127 13.2%
Volusia County 19511132 16.4%

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: 7,631 applications in 2025, of which 4,627 were originated and 1,225 denied.

16.1% of all applications, or 17.9% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans The Loan Store originated in Florida in 2025 was 7.13%, against a statewide median of 6.63%.

About this data. Figures are The Loan Store'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