Find a better mortgage lender

U.S. Bank · Florida · 2025

U.S. Bank in Florida: approval rate, denial rate and rates (2025)

U.S. Bank took 5,227 mortgage applications in Florida in 2025, ranking #41 of 1,993 lenders active in the state. It originated 43.6% of them and denied 37.9% (45.6% of the applications it decided), against a statewide denial rate of 21.1%.

5.2kApplicationsin FL
45.6%Decision denial ratestate 27.2%
6.75%Median ratestate 6.63%
$175,000Median loanstate $255,000
$1.3BVolume62 counties
Full U.S. Bank review All lenders in Florida

U.S. Bank in Florida vs the state

37.9%Denial rate+16.86 pts vs state
45.6%Decision denial rate+18.39 pts vs state
43.6%Origination rate-9.09 pts vs state
6.75%Median rate+0.13 pts vs state
0.19Rate spread (pts)-0.08 pts vs state
$135kMedian applicant income
2,279Loans originated
1,982Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20237,0052,88443.8%6.99%#33
20246,3482,80339.8%6.88%#32
20255,2272,27937.9%6.75%#41

What U.S. Bank lends in Florida

By loan purpose

Home purchase 1,966 38% · 13.0% denied
Refinance 264 5% · 15.5% denied
Cash-out refinance 381 7% · 27.3% denied
Home improvement 1,158 22% · 56.8% denied
Other / HELOC 1,458 28% · 63.4% denied

By loan type

Conventional 4,985 95% · 39.2% denied
FHA 134 3% · 16.4% denied
VA 108 2% · 5.6% denied

Why it denied Florida applicants

Debt-to-income ratio 838 42%
Collateral 518 26%
Credit history 482 24%
Other 62 3%
Unverifiable information 58 3%
Insufficient cash 13 1%
Incomplete application 9 0%
Employment history 2 0%

Where in Florida

Counties with the most U.S. Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Palm Beach County 407214106 26.0%
Hillsborough County 361147154 42.7%
Duval County 359139156 43.5%
Broward County 342126149 43.6%
Miami-Dade County 30594147 48.2%
Pinellas County 300125102 34.0%
Brevard County 29013790 31.0%
Orange County 255103117 45.9%
Lee County 2089568 32.7%
St. Johns County 20713538 18.4%

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: 5,227 applications in 2025, of which 2,279 were originated and 1,982 denied.

37.9% of all applications, or 45.6% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans U.S. Bank originated in Florida in 2025 was 6.75%, against a statewide median of 6.63%.

About this data. Figures are U.S. 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