Waterstone Mortgage in Florida vs the state
5.0%Denial rate-16.08 pts vs state
6.5%Decision denial rate-20.75 pts vs state
71.5%Origination rate+18.79 pts vs state
6.63%Median rate0.00 pts vs state
0.42Rate spread (pts)+0.15 pts vs state
$101kMedian applicant income
832Loans originated
58Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,878 | 1,973 | 6.0% | 6.75% | #66 |
| 2024 | 2,273 | 1,591 | 5.7% | 6.75% | #80 |
| 2025 | 1,164 | 832 | 5.0% | 6.63% | #139 |
What Waterstone Mortgage lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Waterstone Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Okaloosa County | 156 | 117 | 6 | 3.8% |
| Orange County | 146 | 109 | 7 | 4.8% |
| Seminole County | 105 | 72 | 4 | 3.8% |
| Volusia County | 86 | 65 | 5 | 5.8% |
| Pinellas County | 73 | 56 | 2 | 2.7% |
| Lee County | 59 | 44 | 6 | 10.2% |
| Polk County | 50 | 33 | 4 | 8.0% |
| Lake County | 46 | 30 | 2 | 4.3% |
| Walton County | 40 | 27 | 5 | 12.5% |
| Santa Rosa County | 39 | 28 | 1 | 2.6% |
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: 1,164 applications in 2025, of which 832 were originated and 58 denied.
5.0% of all applications, or 6.5% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Waterstone Mortgage originated in Florida in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Waterstone Mortgage'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