Miami-Dade County, Florida · 2025

Mortgage lenders in Miami-Dade County, FL: denial rates and top lenders (2025)

694 lenders acted on 74,112 mortgage applications for properties in Miami-Dade County in 2025. 25.6% were denied (Florida: 21.1%). Median rate on closed loans 6.88%; median loan $325,000; median property value $615,000.

74kApplications
25.6%Denial ratestate 21.1%
6.88%Median ratestate 6.63%
$325,000Median loan
$615,000Median property value

Largest lenders in Miami-Dade County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 United Shore Financial Services B 6,9634,456 21.1%6.59%
2 Rocket Mortgage C 3,2532,005 28.2%6.75%
3 A&D Mortgage C 2,8451,676 10.2%6.99%
4 Bank of America F 2,597650 45.3%6.00%
5 Space Coast Credit Union C 2,371954 39.3%5.74%
6 Newrez D 1,993446 30.2%6.88%
7 Pennymac Loan Services C 1,805843 18.5%6.63%
8 JPMorgan Chase Bank B 1,637835 17.0%6.38%
9 Regions Bank C 1,632561 45.0%4.99%
10 Coastal Community Bank C 1,539206 3.7%10.24%
11 The Loan Store B 1,418812 17.8%7.13%
12 TD Bank D 1,247439 41.0%7.60%
13 Paramount Residential Mortgage Group B 1,186681 8.2%6.63%
14 Spring Eq D 1,179248 58.3%9.09%
15 Lennar Mortgage A 1,134790 23.5%4.50%
16 Truist Bank C 998319 54.5%6.37%
17 Citizens Bank C 785349 41.3%7.90%
18 Angel Oak Mortgage Solutions D 758468 12.1%7.37%
19 Discover Bank F 74663 59.1%8.34%
20 Navy Federal Credit Union D 736202 34.8%8.25%
21 Loandepot.Com D 721338 33.8%6.88%
22 Deephaven Mortgage D 709422 31.5%7.25%
23 Freedom Mortgage B 686205 13.6%6.25%
24 Lakeview Loan Servicing C 67448 65.9%8.94%
25 Champions Funding F 632376 21.7%7.50%

Best approval odds in Miami-Dade County

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

What Miami-Dade County borrowers applied for

By loan purpose

Home purchase 29,680 40% · 16.9% denied
Refinance 8,791 12% · 25.9% denied
Cash-out refinance 16,804 23% · 25.0% denied
Home improvement 8,462 11% · 40.1% denied
Other / HELOC 10,375 14% · 39.0% denied

By loan type

Conventional 62,836 85% · 26.3% denied
FHA 9,602 13% · 22.0% denied
VA 1,666 2% · 18.9% denied
USDA / RHS 8 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 7,250 38%
Collateral 3,358 18%
Credit history 3,139 17%
Incomplete application 2,257 12%
Other 1,464 8%
Unverifiable information 806 4%
Insufficient cash 506 3%
Employment history 106 1%
Mortgage insurance denied 3 0%

Miami-Dade County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202370,74231,88529.0%7.00%$295,000
202475,01733,86927.8%7.00%$305,000
202574,11234,23625.6%6.88%$325,000

Frequently asked questions

25.6% of applications in Miami-Dade County were denied in 2025, against 21.1% statewide in Florida.

United Shore Financial Services, with 6,963 applications in 2025 and a denial rate of 21.1%.

The median mortgage application in Miami-Dade County in 2025 was for $325,000; the median property value on originated loans was $615,000.