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Hernando County, Florida · 2025

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

458 lenders acted on 12,366 mortgage applications for properties in Hernando County in 2025. 19.9% were denied (Florida: 21.1%). Median rate on closed loans 6.60%; median loan $235,000; median property value $335,000.

12kApplications
19.9%Denial ratestate 21.1%
6.60%Median ratestate 6.63%
$235,000Median loan
$335,000Median property value

Largest lenders in Hernando County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 United Shore Financial Services B 1,189870 13.0%6.25%
2 Rocket Mortgage C 732499 20.8%6.63%
3 Suncoast Credit Union C 731499 20.0%7.50%
4 Loandepot.Com D 349174 34.1%5.49%
5 Everett Financial C 287202 4.9%6.88%
6 Regions Bank C 268119 40.7%6.00%
7 Mortgage Research Center C 26399 24.7%6.25%
8 Truist Bank C 262113 45.8%7.05%
9 Newrez D 255120 17.7%6.63%
10 Pennymac Loan Services C 247119 13.8%6.38%
11 Bank of America F 24793 36.0%6.24%
12 Dhi Mortgage Company B 235184 8.1%4.88%
13 Freedom Mortgage B 21289 9.0%6.25%
14 Midflorida C 20992 39.2%6.50%
15 Click n' Close C 208157 5.3%7.25%
16 Navy Federal Credit Union D 19380 25.9%7.25%
17 Crosscountry Mortgage B 18395 5.5%6.75%
18 21st Mortgage F 16533 49.1%9.43%
19 Broker Solutions D 13057 6.9%6.63%
20 Coastal Community Bank C 12819 1.6%11.24%
21 CMG Mortgage A 12391 1.6%6.38%
22 Third Federal Savings and Loan Association of Cleveland C 11948 47.1%6.72%
23 Fairway Independent Mortgage B 11879 8.5%6.63%
24 AmeriSave Mortgage D 11524 61.7%7.25%
25 Spring Eq D 11430 60.5%9.70%

Best approval odds in Hernando County

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

#LenderDecidedDecision denial rate
1M/i Financial861.2%
2CMG Mortgage1002.0%
3Coastal Community Bank852.4%
4Rmc Home Mortgage943.2%
5Movement Mortgage583.5%
6Union Home Mortgage834.8%
7Everett Financial2196.4%
8Click n' Close1716.4%
9Brannen Bank828.5%
10Crosscountry Mortgage1089.3%

What Hernando County borrowers applied for

By loan purpose

Home purchase 6,096 49% · 11.3% denied
Refinance 1,528 12% · 20.8% denied
Cash-out refinance 2,198 18% · 25.5% denied
Home improvement 1,060 9% · 36.9% denied
Other / HELOC 1,484 12% · 33.6% denied

By loan type

Conventional 7,495 61% · 22.3% denied
FHA 3,276 26% · 16.8% denied
VA 1,552 13% · 14.6% denied
USDA / RHS 43 0% · 25.6% denied

Why applications were denied

Debt-to-income ratio 791 32%
Credit history 588 24%
Collateral 390 16%
Incomplete application 326 13%
Other 176 7%
Insufficient cash 77 3%
Unverifiable information 77 3%
Employment history 25 1%

Hernando County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202311,5886,09823.5%6.88%$195,000
202411,7446,42521.5%6.75%$225,000
202512,3666,98219.9%6.60%$235,000

Frequently asked questions

19.9% of applications in Hernando County were denied in 2025, against 21.1% statewide in Florida.

United Shore Financial Services, with 1,189 applications in 2025 and a denial rate of 13.0%.

The median mortgage application in Hernando County in 2025 was for $235,000; the median property value on originated loans was $335,000.