Watermark Capital in Florida vs the state
12.5%Denial rate-8.56 pts vs state
13.3%Decision denial rate-13.91 pts vs state
65.6%Origination rate+12.94 pts vs state
6.50%Median rate-0.13 pts vs state
0.04Rate spread (pts)-0.23 pts vs state
$152kMedian applicant income
21Loans originated
4Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 25 | 16 | 12.0% | 6.62% | #775 |
| 2024 | 21 | 15 | 14.3% | 6.62% | #764 |
| 2025 | 32 | 21 | 12.5% | 6.50% | #674 |
What Watermark Capital lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Watermark Capital applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Charlotte County | 4 | 3 | 1 | 25.0% |
| Broward County | 3 | 2 | 0 | 0.0% |
| Hillsborough County | 3 | 3 | 0 | 0.0% |
| Lee County | 3 | 1 | 0 | 0.0% |
| Volusia County | 2 | 1 | 1 | 50.0% |
| Miami-Dade County | 2 | 1 | 1 | 50.0% |
| Brevard County | 2 | 2 | 0 | 0.0% |
| Orange County | 2 | 1 | 0 | 0.0% |
| St. Johns County | 1 | 0 | 1 | 100.0% |
| Sarasota County | 1 | 1 | 0 | 0.0% |
Other large lenders in Florida
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 71,405 | 15.3% | 6.44% |
| Rocket Mortgage | C | 46,611 | 21.0% | 6.63% |
| Bank of America | F | 23,634 | 37.7% | 6.24% |
| Pennymac Loan Services | C | 19,516 | 14.1% | 6.50% |
| Navy Federal Credit Union | D | 19,452 | 23.2% | 7.59% |
| Crosscountry Mortgage | B | 19,103 | 5.2% | 6.75% |
| Newrez | D | 17,519 | 22.4% | 6.75% |
| Dhi Mortgage Company | B | 16,661 | 14.5% | 4.88% |
| Lennar Mortgage | A | 14,984 | 21.0% | 4.75% |
| Truist Bank | C | 14,140 | 41.5% | 6.60% |
Frequently asked questions
Florida: 32 applications in 2025, of which 21 were originated and 4 denied.
12.5% of all applications, or 13.3% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Watermark Capital originated in Florida in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Watermark Capital'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