Florida mortgage approval rate & lending review
Florida decided 4,055 mortgage applications and funded 1,391 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Florida reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Florida at a glance
Approval is 31.8 points below the 70.4% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 46% | 443 / 967 | 82% | $155K | 365 |
| Home improvement loans | 33% | 753 / 2,256 | 100% | $55K | 753 |
| Cash-out refinance | 52% | 244 / 467 | 72% | $125K | 175 |
| Refinance | 39% | 54 / 138 | 72% | $85K | 39 |
| Investment property purchase | 44% | 48 / 110 | 90% | $195K | 43 |
| Investment cash-out refinance | 38% | 20 / 52 | 70% | $125K | 14 |
| Investment home improvement | 3% | 2 / 62 | 100% | $45K | 2 |
Florida lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Florida | 39% | $55K | 4,022 | 1,391 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Florida lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Marion County, FL | Home improvement loans | 39% | 867 | 342 |
| Alachua County, FL | Home improvement loans | 45% | 387 | 173 |
| Marion County, FL | Mortgage lenders | 46% | 368 | 146 |
| Marion County, FL | Cash-out refinance | 53% | 248 | 96 |
| Alachua County, FL | Mortgage lenders | 60% | 174 | 93 |
| Volusia County, FL | Home improvement loans | 34% | 152 | 52 |
| Alachua County, FL | Cash-out refinance | 49% | 88 | 30 |
| Lake County, FL | Home improvement loans | 44% | 54 | 24 |
| Citrus County, FL | Home improvement loans | 32% | 69 | 22 |
| Citrus County, FL | Mortgage lenders | 50% | 44 | 16 |
| Alachua County, FL | Refinance | 49% | 37 | 14 |
| Sumter County, FL | Mortgage lenders | 71% | 21 | 14 |
The county markets where Florida made the most loans. Each link opens that market with every lender ranked.
Questions about Florida
What is Florida's mortgage approval rate?
Florida approved 38.6% of the 4,055 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 31.8 points below the 70.4% national rate for the same mix of loan types.
How often do borrowers take the loan Florida offers?
Borrowers accepted 89% of the loans Florida approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Florida make?
The typical home improvement loan loan Florida made was $55K; across all loan types its typical loan ran from $45K to $195K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Florida lend?
Florida decided applications in 21 of the states Fat Boy Data covers, most of them in Florida, California and New York.
Can I apply to Florida directly?
Yes. Florida is a bank or credit union with 16 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Florida's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Florida treats applications, then get a rate quote from the lender.