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Indian River County, Florida · 2025

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

440 lenders acted on 7,713 mortgage applications for properties in Indian River County in 2025. 20.7% were denied (Florida: 21.1%). Median rate on closed loans 6.63%; median loan $225,000; median property value $385,000.

7.7kApplications
20.7%Denial ratestate 21.1%
6.63%Median ratestate 6.63%
$225,000Median loan
$385,000Median property value

Largest lenders in Indian River County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 United Shore Financial Services B 471328 14.7%6.44%
2 Rocket Mortgage C 430311 15.6%6.75%
3 Space Coast Credit Union C 390209 26.2%5.88%
4 Midflorida C 256110 41.4%6.31%
5 PNC Bank D 22395 35.9%7.45%
6 Bank of America F 21767 31.3%6.24%
7 Newrez D 18862 25.5%6.81%
8 Loandepot.Com D 169103 23.7%6.13%
9 Guild Mortgage A 168118 1.8%6.63%
10 Pennymac Loan Services C 13449 15.7%6.62%
11 SouthState Bank B 13298 17.4%6.80%
12 Crosscountry Mortgage B 12890 2.3%6.75%
13 Seacoast National Bank D 12866 36.7%7.25%
14 Pulte Mortgage A 12279 7.4%6.50%
15 TD Bank D 12052 30.0%7.79%
16 Freedom Mortgage B 11955 12.6%6.25%
17 Dhi Mortgage Company B 11675 15.5%4.99%
18 Union Home Mortgage B 11382 9.7%6.63%
19 Mortgage Research Center C 11347 23.0%6.25%
20 Coastal Community Bank C 10522 3.8%10.12%
21 Navy Federal Credit Union D 9747 21.7%7.75%
22 JPMorgan Chase Bank B 9554 11.6%6.63%
23 Truist Bank C 9447 36.2%6.49%
24 Triad Financial Services D 899 64.0%10.40%
25 AmeriSave Mortgage D 8819 60.2%8.50%

Best approval odds in Indian River County

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

#LenderDecidedDecision denial rate
1Contour Mortgage661.5%
2Guild Mortgage1312.3%
3Crosscountry Mortgage943.2%
4Rmc Home Mortgage573.5%
5Movement Mortgage694.4%
6Coastal Community Bank715.6%
7Presidential Bank515.9%
8Pulte Mortgage8810.2%
9NVR Mortgage Finance7011.4%
10Union Home Mortgage9411.7%

What Indian River County borrowers applied for

By loan purpose

Home purchase 3,554 46% · 12.9% denied
Refinance 894 12% · 23.0% denied
Cash-out refinance 1,462 19% · 23.7% denied
Home improvement 856 11% · 33.8% denied
Other / HELOC 947 12% · 31.2% denied

By loan type

Conventional 5,857 76% · 21.8% denied
FHA 1,181 15% · 18.9% denied
VA 665 9% · 13.5% denied
USDA / RHS 10 0% · 40.0% denied

Why applications were denied

Debt-to-income ratio 658 41%
Credit history 327 21%
Collateral 207 13%
Incomplete application 188 12%
Other 100 6%
Unverifiable information 61 4%
Insufficient cash 36 2%
Employment history 13 1%

Indian River County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20236,9743,73921.4%6.88%$205,000
20247,2073,80321.8%6.88%$215,000
20257,7134,15320.7%6.63%$225,000

Frequently asked questions

20.7% of applications in Indian River County were denied in 2025, against 21.1% statewide in Florida.

United Shore Financial Services, with 471 applications in 2025 and a denial rate of 14.7%.

The median mortgage application in Indian River County in 2025 was for $225,000; the median property value on originated loans was $385,000.