The Northern Trust · Florida · 2025

The Northern Trust in Florida: approval rate, denial rate and rates (2025)

The Northern Trust took 66 mortgage applications in Florida in 2025, ranking #556 of 1,993 lenders active in the state. It originated 83.3% of them and denied 4.6% (4.7% of the applications it decided), against a statewide denial rate of 21.1%.

66Applicationsin FL
4.7%Decision denial ratestate 27.2%
Median ratestate 6.63%
$1,750,000Median loanstate $255,000
$179MVolume16 counties

The Northern Trust in Florida vs the state

4.6%Denial rate-16.51 pts vs state
4.7%Decision denial rate-22.55 pts vs state
83.3%Origination rate+30.64 pts vs state
Median rate
Rate spread (pts)
$643kMedian applicant income
55Loans originated
3Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023826111.0%6.00%#526
202463474.8%6.50%#561
202566554.6%#556

What The Northern Trust lends in Florida

By loan purpose

Home purchase 32 48% · 3.1% denied
Refinance 12 18% · 0.0% denied
Home improvement 1 2% · 0.0% denied
Other / HELOC 21 32% · 9.5% denied

By loan type

Conventional 66 100% · 4.6% denied

Where in Florida

Counties with the most The Northern Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Miami-Dade County 20190 0.0%
Palm Beach County 1192 18.2%
Collier County 640 0.0%
Indian River County 550 0.0%
Sarasota County 530 0.0%
Monroe County 311 33.3%
Hillsborough County 330 0.0%
Osceola County 210 0.0%
Lee County 220 0.0%
Duval County 210 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: 66 applications in 2025, of which 55 were originated and 3 denied.

4.6% of all applications, or 4.7% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are The Northern Trust'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