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Bay County, Florida · 2025

Mortgage lenders in Bay County, FL: denial rates and top lenders (2025)

514 lenders acted on 10,864 mortgage applications for properties in Bay County in 2025. 18.3% were denied (Florida: 21.1%). Median rate on closed loans 6.50%; median loan $255,000; median property value $355,000.

11kApplications
18.3%Denial ratestate 21.1%
6.50%Median ratestate 6.63%
$255,000Median loan
$355,000Median property value

Largest lenders in Bay County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Dhi Mortgage Company B 740532 12.3%4.75%
2 United Shore Financial Services B 584416 14.6%6.13%
3 Rocket Mortgage C 556393 18.0%6.63%
4 Tyndall Federal Credit Union C 526322 21.3%6.63%
5 Regions Bank C 390169 36.2%5.75%
6 Mortgage Research Center C 349138 17.5%6.25%
7 Trustmark National Bank C 317233 7.6%6.63%
8 21st Mortgage F 31451 43.6%8.91%
9 Navy Federal Credit Union D 281135 15.7%6.63%
10 Crosscountry Mortgage B 261166 4.6%6.63%
11 Newrez D 20678 19.4%6.81%
12 Vanderbilt Mortgage and Finance F 19022 38.4%7.12%
13 Centennial Bank D 16599 20.0%6.63%
14 Fbc Mortgage B 158139 1.3%6.38%
15 Pennymac Loan Services C 14966 16.1%6.13%
16 Freedom Mortgage B 14867 9.5%6.25%
17 Innovations Financial Credit Union D 14390 12.6%—
18 Wells Fargo Bank B 13498 9.0%6.19%
19 Broker Solutions D 11038 13.6%6.50%
20 Cadence Bank B 10877 13.9%6.88%
21 Lendsure Mortgage B 10378 0.0%7.50%
22 Coastal Community Bank C 10119 2.0%8.74%
23 Guild Mortgage A 10074 8.0%6.43%
24 Lakeview Loan Servicing C 9024 44.4%6.13%
25 Truist Bank C 8640 43.0%6.83%

Best approval odds in Bay County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Lendsure Mortgage940.0%
2Fbc Mortgage1421.4%
3Coastal Community Bank702.9%
4Community Bank of Mississippi765.3%
5Crosscountry Mortgage1806.7%
6Guild Mortgage899.0%
7Trustmark National Bank2669.0%
8Wells Fargo Bank11010.9%
9Panhandle Credit Union5313.2%
10Dhi Mortgage Company63114.4%

What Bay County borrowers applied for

By loan purpose

Home purchase 6,337 58% · 13.2% denied
Refinance 1,316 12% · 16.6% denied
Cash-out refinance 1,432 13% · 26.6% denied
Home improvement 705 6% · 29.8% denied
Other / HELOC 1,074 10% · 32.6% denied

By loan type

Conventional 7,126 66% · 20.9% denied
FHA 1,611 15% · 18.5% denied
VA 2,085 19% · 9.5% denied
USDA / RHS 42 0% · 19.1% denied

Why applications were denied

Debt-to-income ratio 665 34%
Credit history 418 21%
Collateral 303 15%
Incomplete application 225 11%
Other 197 10%
Unverifiable information 83 4%
Insufficient cash 70 4%
Employment history 23 1%

Bay County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202310,9255,80920.7%6.75%$235,000
202410,4155,63020.3%6.75%$245,000
202510,8646,00618.3%6.50%$255,000

Frequently asked questions

18.3% of applications in Bay County were denied in 2025, against 21.1% statewide in Florida.

Dhi Mortgage Company, with 740 applications in 2025 and a denial rate of 12.3%.

The median mortgage application in Bay County in 2025 was for $255,000; the median property value on originated loans was $355,000.