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Hillsborough County, Florida · 2025

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

761 lenders acted on 56,720 mortgage applications for properties in Hillsborough County in 2025. 20.2% were denied (Florida: 21.1%). Median rate on closed loans 6.63%; median loan $265,000; median property value $425,000.

57kApplications
20.2%Denial ratestate 21.1%
6.63%Median ratestate 6.63%
$265,000Median loan
$425,000Median property value

Largest lenders in Hillsborough County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 United Shore Financial Services B 4,6053,296 13.6%6.42%
2 Suncoast Credit Union C 2,7661,862 19.5%7.50%
3 Rocket Mortgage C 2,7281,848 19.7%6.63%
4 Bank of America F 1,400510 35.4%6.24%
5 Navy Federal Credit Union D 1,395570 24.7%7.75%
6 Pennymac Loan Services C 1,275654 13.0%6.50%
7 Regions Bank C 1,213515 36.7%4.99%
8 Newrez D 1,141369 21.4%6.75%
9 Click n' Close C 1,141852 4.5%7.25%
10 Lennar Mortgage A 1,017771 18.1%4.63%
11 Truist Bank C 1,013483 36.2%6.48%
12 Freedom Mortgage B 993436 12.3%6.25%
13 Crosscountry Mortgage B 897567 4.2%6.75%
14 Midflorida C 871335 43.7%6.25%
15 Coastal Community Bank C 797151 2.0%9.74%
16 Mortgage Research Center C 791316 20.4%6.13%
17 Dhi Mortgage Company B 767577 11.2%4.75%
18 Spring Eq D 739170 57.5%9.30%
19 Third Federal Savings and Loan Association of Cleveland C 720305 40.7%6.99%
20 JPMorgan Chase Bank B 705418 9.7%6.38%
21 Broker Solutions D 704326 9.8%6.75%
22 GTE Federal Credit Union D 680292 28.8%6.75%
23 Fifth Third Bank D 667289 36.9%7.75%
24 CMG Mortgage A 554390 4.2%6.00%
25 Lakeview Loan Servicing C 48192 52.6%6.49%

Best approval odds in Hillsborough County

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

#LenderDecidedDecision denial rate
1212 Loans, LLC.750.0%
2Rf Renovo Management Company650.0%
3Easy Street Capital1210.0%
4Van Dyk Mortgage1011.0%
5NFM1841.6%
6My Mortgage1972.0%
7The Mortgage Firm1432.1%
8Zillow Home Loans872.3%
9Resicentral862.3%
10Jmac Lending1382.9%

What Hillsborough County borrowers applied for

By loan purpose

Home purchase 26,213 46% · 11.7% denied
Refinance 7,504 13% · 21.7% denied
Cash-out refinance 9,339 16% · 24.1% denied
Home improvement 5,795 10% · 32.0% denied
Other / HELOC 7,869 14% · 33.7% denied

By loan type

Conventional 41,167 73% · 21.9% denied
FHA 9,559 17% · 17.2% denied
VA 5,957 11% · 13.4% denied
USDA / RHS 37 0% · 18.9% denied

Why applications were denied

Debt-to-income ratio 3,987 35%
Credit history 2,608 23%
Collateral 1,633 14%
Incomplete application 1,411 12%
Other 908 8%
Unverifiable information 429 4%
Insufficient cash 279 2%
Employment history 117 1%
Mortgage insurance denied 2 0%

Hillsborough County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202357,30729,79922.8%6.80%$245,000
202456,87729,87822.1%6.75%$265,000
202556,72030,45920.2%6.63%$265,000

Frequently asked questions

20.2% of applications in Hillsborough County were denied in 2025, against 21.1% statewide in Florida.

United Shore Financial Services, with 4,605 applications in 2025 and a denial rate of 13.6%.

The median mortgage application in Hillsborough County in 2025 was for $265,000; the median property value on originated loans was $425,000.