Pinellas County, Florida · 2025

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

775 lenders acted on 37,578 mortgage applications for properties in Pinellas County in 2025. 20.1% were denied (Florida: 21.1%). Median rate on closed loans 6.75%; median loan $245,000; median property value $435,000.

38kApplications
20.1%Denial ratestate 21.1%
6.75%Median ratestate 6.63%
$245,000Median loan
$435,000Median property value

Largest lenders in Pinellas County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 United Shore Financial Services B 2,6081,864 13.7%6.50%
2 Rocket Mortgage C 2,0311,381 20.6%6.75%
3 Bank of America F 1,324478 32.9%6.24%
4 Regions Bank C 1,263556 37.7%4.99%
5 Crosscountry Mortgage B 956607 3.5%6.75%
6 Achieva Credit Union C 905595 24.0%7.25%
7 Truist Bank C 866401 36.4%6.48%
8 Newrez D 841346 16.4%6.63%
9 Pennymac Loan Services C 738399 12.9%6.62%
10 Navy Federal Credit Union D 728311 23.6%7.25%
11 Third Federal Savings and Loan Association of Cleveland C 713391 30.3%6.99%
12 Fifth Third Bank D 664277 34.5%7.65%
13 Midflorida C 641265 40.6%6.25%
14 Suncoast Credit Union C 588390 17.4%7.00%
15 Coastal Community Bank C 576104 2.1%9.99%
16 JPMorgan Chase Bank B 502254 14.9%6.63%
17 Mortgage Research Center C 442171 20.6%6.25%
18 Guaranteed Rate B 440216 8.0%6.63%
19 Freedom Mortgage B 407180 10.8%6.25%
20 Spring Eq D 399108 50.6%8.99%
21 AmeriSave Mortgage D 35390 62.6%8.06%
22 Broker Solutions D 344111 10.8%7.13%
23 Kiavi Funding D 325201 9.9%10.20%
24 Movement Mortgage A 321211 4.1%6.63%
25 The Loan Store B 312191 15.4%7.10%

Best approval odds in Pinellas County

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

What Pinellas County borrowers applied for

By loan purpose

Home purchase 15,921 42% · 10.4% denied
Refinance 5,127 14% · 22.3% denied
Cash-out refinance 6,496 17% · 23.8% denied
Home improvement 4,710 13% · 32.6% denied
Other / HELOC 5,324 14% · 31.2% denied

By loan type

Conventional 31,324 83% · 20.9% denied
FHA 3,636 10% · 18.2% denied
VA 2,604 7% · 12.8% denied
USDA / RHS 14 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 2,657 35%
Credit history 1,499 20%
Collateral 1,388 19%
Incomplete application 921 12%
Other 564 8%
Unverifiable information 250 3%
Insufficient cash 165 2%
Employment history 53 1%
Mortgage insurance denied 1 0%

Pinellas County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202337,64619,90422.7%7.00%$215,000
202436,62918,93822.0%7.00%$235,000
202537,57819,90220.1%6.75%$245,000

Frequently asked questions

20.1% of applications in Pinellas County were denied in 2025, against 21.1% statewide in Florida.

United Shore Financial Services, with 2,608 applications in 2025 and a denial rate of 13.7%.

The median mortgage application in Pinellas County in 2025 was for $245,000; the median property value on originated loans was $435,000.