Find a better mortgage lender

Palm Beach County, Florida · 2025

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

843 lenders acted on 56,399 mortgage applications for properties in Palm Beach County in 2025. 22.2% were denied (Florida: 21.1%). Median rate on closed loans 6.75%; median loan $285,000; median property value $565,000.

56kApplications
22.2%Denial ratestate 21.1%
6.75%Median ratestate 6.63%
$285,000Median loan
$565,000Median property value

Largest lenders in Palm Beach County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 United Shore Financial Services B 4,6003,190 15.9%6.50%
2 Rocket Mortgage C 2,8071,812 24.3%6.75%
3 Crosscountry Mortgage B 2,5801,678 5.1%6.88%
4 Bank of America F 2,238779 35.3%5.99%
5 JPMorgan Chase Bank B 1,354719 15.4%6.38%
6 PNC Bank D 1,300564 32.9%7.06%
7 Pennymac Loan Services C 1,201608 15.2%6.63%
8 Third Federal Savings and Loan Association of Cleveland C 1,200543 41.1%6.99%
9 TD Bank D 1,057461 32.5%7.44%
10 Newrez D 1,041323 25.2%6.88%
11 Truist Bank C 1,028405 45.5%6.45%
12 Coastal Community Bank C 1,001203 1.6%9.99%
13 Spring Eq D 963208 58.3%8.86%
14 Space Coast Credit Union C 722351 32.1%5.63%
15 A&D Mortgage C 717436 8.1%6.99%
16 Navy Federal Credit Union D 665235 28.6%7.75%
17 Wells Fargo Bank B 663316 23.4%6.25%
18 Citizens Bank C 627320 32.7%7.65%
19 Figure Lending C 621239 31.1%8.55%
20 Fifth Third Bank D 616240 37.5%7.74%
21 Freedom Mortgage B 596213 11.7%6.25%
22 Loandepot.Com D 581296 26.5%7.25%
23 Paramount Residential Mortgage Group B 545348 5.9%6.63%
24 Discover Bank F 53754 55.1%8.38%
25 Fbc Mortgage B 513369 2.0%6.25%

Best approval odds in Palm Beach County

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

#LenderDecidedDecision denial rate
1FM Home Loans500.0%
2Rf Renovo Management Company540.0%
3NFM841.2%
4Citadel Servicing1791.7%
5The Mortgage Firm2362.5%
6Fbc Mortgage3792.6%
7Coastal Community Bank6052.6%
8Absolute Home Mortgage1273.2%
9T2 Financial1176.0%
10Capital Partner Mortgage Services1486.8%

What Palm Beach County borrowers applied for

By loan purpose

Home purchase 23,632 42% · 11.7% denied
Refinance 7,084 13% · 24.2% denied
Cash-out refinance 10,675 19% · 25.4% denied
Home improvement 6,794 12% · 37.1% denied
Other / HELOC 8,214 15% · 34.0% denied

By loan type

Conventional 47,730 85% · 22.7% denied
FHA 6,572 12% · 20.8% denied
VA 2,086 4% · 15.7% denied
USDA / RHS 11 0% · 27.3% denied

Why applications were denied

Debt-to-income ratio 5,129 41%
Credit history 1,996 16%
Collateral 1,841 15%
Incomplete application 1,748 14%
Other 897 7%
Unverifiable information 443 4%
Insufficient cash 263 2%
Employment history 96 1%
Mortgage insurance denied 2 0%

Palm Beach County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202355,10527,13325.2%6.99%$255,000
202454,34026,44325.1%6.99%$255,000
202556,39928,38322.2%6.75%$285,000

Frequently asked questions

22.2% of applications in Palm Beach County were denied in 2025, against 21.1% statewide in Florida.

United Shore Financial Services, with 4,600 applications in 2025 and a denial rate of 15.9%.

The median mortgage application in Palm Beach County in 2025 was for $285,000; the median property value on originated loans was $565,000.