USAA Federal Savings Bank · Florida · 2025

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

USAA Federal Savings Bank took 2,016 mortgage applications in Florida in 2025, ranking #93 of 1,993 lenders active in the state. It originated 40.9% of them and denied 27.3% (39.7% of the applications it decided), against a statewide denial rate of 21.1%.

2.0kApplicationsin FL
39.7%Decision denial ratestate 27.2%
6.38%Median ratestate 6.63%
$345,000Median loanstate $255,000
$304MVolume59 counties

USAA Federal Savings Bank in Florida vs the state

27.3%Denial rate+6.22 pts vs state
39.7%Decision denial rate+12.47 pts vs state
40.9%Origination rate-11.77 pts vs state
6.38%Median rate-0.25 pts vs state
-0.22Rate spread (pts)-0.49 pts vs state
$131kMedian applicant income
825Loans originated
550Denied

Trend in Florida

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,2271,03520.8%6.25%#78
20242,21289926.6%6.50%#82
20252,01682527.3%6.38%#93

What USAA Federal Savings Bank lends in Florida

By loan purpose

Home purchase 1,658 82% · 25.2% denied
Refinance 116 6% · 36.2% denied
Cash-out refinance 179 9% · 34.6% denied
Home improvement 33 2% · 48.5% denied
Other / HELOC 30 1% · 43.3% denied

By loan type

Conventional 783 39% · 32.3% denied
VA 1,233 61% · 24.1% denied

Why it denied Florida applicants

Incomplete application 212 39%
Debt-to-income ratio 162 29%
Collateral 43 8%
Other 43 8%
Credit history 37 7%
Insufficient cash 32 6%
Unverifiable information 21 4%

Where in Florida

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

CountyApplicationsOriginatedDeniedDenial rate
Hillsborough County 1424740 28.2%
Brevard County 1305034 26.2%
Orange County 1014327 26.7%
Broward County 883429 33.0%
Pinellas County 853420 23.5%
Okaloosa County 833623 27.7%
Duval County 822830 36.6%
Palm Beach County 783228 35.9%
Lake County 65328 12.3%
Miami-Dade County 651527 41.5%

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: 2,016 applications in 2025, of which 825 were originated and 550 denied.

27.3% of all applications, or 39.7% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.

The median rate on loans USAA Federal Savings Bank originated in Florida in 2025 was 6.38%, against a statewide median of 6.63%.

About this data. Figures are USAA 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