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Santa Rosa County, Florida · 2025

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

422 lenders acted on 11,247 mortgage applications for properties in Santa Rosa County in 2025. 16.7% were denied (Florida: 21.1%). Median rate on closed loans 6.38%; median loan $265,000; median property value $365,000.

11kApplications
16.7%Denial ratestate 21.1%
6.38%Median ratestate 6.63%
$265,000Median loan
$365,000Median property value

Largest lenders in Santa Rosa County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Navy Federal Credit Union D 974513 18.7%7.38%
2 Dhi Mortgage Company B 722467 15.9%4.75%
3 Rocket Mortgage C 628444 19.8%6.63%
4 United Shore Financial Services B 623450 11.6%6.12%
5 Mortgage Research Center C 413176 20.3%6.25%
6 Regions Bank C 410214 33.2%4.99%
7 University Bank A 335284 2.4%6.25%
8 Freedom Mortgage B 256108 8.2%6.25%
9 Vanderbilt Mortgage and Finance F 24829 29.8%8.99%
10 Pen Air Credit Union F 247123 31.2%7.99%
11 Lennar Mortgage A 235198 10.2%4.50%
12 Pennymac Loan Services C 234112 12.8%6.19%
13 Ark-La-Tex Financial Services, LLC. A 167137 2.4%6.50%
14 21st Mortgage F 15826 43.0%9.17%
15 Newrez D 15765 12.1%6.25%
16 Movement Mortgage A 157109 3.8%6.50%
17 Gulf Winds Credit Union F 14375 12.6%7.75%
18 Broker Solutions D 13745 11.0%6.88%
19 Crosscountry Mortgage B 13196 4.6%6.50%
20 New Day Financial F 12323 6.5%6.88%
21 Synovus Bank D 11773 27.4%7.50%
22 CMG Mortgage A 11683 4.3%6.00%
23 Loandepot.Com D 10662 17.0%6.49%
24 Fairway Independent Mortgage B 10476 11.5%6.25%
25 Guild Mortgage A 10476 3.9%6.38%

Best approval odds in Santa Rosa County

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

#LenderDecidedDecision denial rate
1Coastal Community Bank720.0%
2Coastal Loans771.3%
3The Mortgage Firm792.5%
4University Bank2942.7%
5Ark-La-Tex Financial Services, LLC.1432.8%
6Movement Mortgage1284.7%
7Guild Mortgage854.7%
8CMG Mortgage935.4%
9Crosscountry Mortgage1035.8%
10Nationstar Mortgage708.6%

What Santa Rosa County borrowers applied for

By loan purpose

Home purchase 5,792 51% · 10.2% denied
Refinance 1,482 13% · 16.7% denied
Cash-out refinance 1,941 17% · 22.0% denied
Home improvement 878 8% · 30.3% denied
Other / HELOC 1,154 10% · 30.2% denied

By loan type

Conventional 6,160 55% · 20.5% denied
FHA 1,533 14% · 16.2% denied
VA 3,455 31% · 9.9% denied
USDA / RHS 99 1% · 22.2% denied

Why applications were denied

Debt-to-income ratio 569 31%
Credit history 450 24%
Collateral 241 13%
Incomplete application 238 13%
Other 233 13%
Unverifiable information 78 4%
Insufficient cash 27 1%
Employment history 25 1%

Santa Rosa County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202310,1335,48518.6%6.64%$235,000
202410,5305,97417.0%6.63%$255,000
202511,2476,36116.7%6.38%$265,000

Frequently asked questions

16.7% of applications in Santa Rosa County were denied in 2025, against 21.1% statewide in Florida.

Navy Federal Credit Union, with 974 applications in 2025 and a denial rate of 18.7%.

The median mortgage application in Santa Rosa County in 2025 was for $265,000; the median property value on originated loans was $365,000.