Bay County, FL: mortgage lenders, denial rate and originations, 2024

States › Florida › Bay County

HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.

Bay County, Florida, saw 10,415 HMDA-reported applications and 5,630 originations ($2.2bn) in 2024.

That is 71.5 originations per 1,000 households, against 54.4 for Florida and 48.0 nationally.

The county's denial rate was 26.2%, below the state rate of 29.0%. The median rate spread on originated loans was 0.2 percentage points and 12.1% of originations were 1.5 points or more above the average prime offer rate.

69 lenders reached 25 applications in the county; the most active by originations were DHI Mortgage Company, LTD. (550), United Wholesale Mortgage (398) and Tyndall Federal Credit Union (388).

Originations were about level with 2023.

10,415applications, 2024

5,630loans originated$2.2bn

26.2%denial rateFL 29.0% · US 24.3%

71.5originations per 1,000 householdsFL 54.4 · US 48.0

Most active lenders

#	Lender	Applications	Originations	Amount	Denial rate	Median spread
1	DHI Mortgage Company, LTD.	716	550	$169m	12.4%	—
2	United Wholesale Mortgage	588	398	$126m	19.0%	—
3	Tyndall Federal Credit Union	656	388	$58m	26.3%	—
4	Rocket Mortgage	469	317	$86m	24.1%	—
5	Trustmark National Bank	344	243	$54m	10.8%	—
6	Regions Bank	425	166	$37m	48.5%	—
7	Navy Federal Credit Union	286	133	$31m	32.5%	—
8	Innovations Financial Credit Union	186	129	$32m	14.6%	—
9	Wells Fargo Bank NA	179	119	$40m	16.8%	—
10	Mortgage Research Center	257	116	$37m	28.2%	—
11	Centennial Bank	196	110	$38m	21.3%	—
12	FBC Mortgage, LLC	120	107	$35m	0.9%	—
13	Crosscountry Mortgage, LLC	163	86	$26m	6.4%	—
14	Lendsure Mortgage Corp.	90	72	$21m	1.3%	—
15	Newrez LLC	182	70	$22m	37.7%	—
16	Guild Mortgage Company	108	68	$20m	4.8%	—
17	Community Bank of Mississippi	94	66	$20m	8.5%	—
18	Cardinal Financial Company, Li	90	65	$19m	11.8%	—
19	New American Funding, LLC.	122	60	$16m	11.8%	—
20	Northpointe Bank	84	60	$18m	4.7%	—
21	Freedom Mortgage Corporation	151	59	$19m	15.9%	—
22	21st Mortgage	377	55	$7.9m	70.2%	—
23	Cadence Bank	72	53	$19m	13.8%	—
24	CMG Mortgage Inc	67	49	$17m	6.9%	—
25	Loandepot.com, LLC	83	46	$11m	33.3%	—
26	Panhandle Credit Union	58	44	$11m	8.3%	—
27	Pennymac Loan Services LLC	101	37	$10m	19.6%	—
28	Movement Mortgage, LLC	50	37	$13m	2.4%	—
29	Nationstar Mortgage	59	34	$6.6m	22.2%	—
30	Truist Bank	67	33	$9.6m	41.1%	—
31	Vanderbilt Mortgage and Finance, Inc	250	32	$6.0m	72.1%	—
32	Figure Lending LLC	68	32	$3.0m	40.9%	—
33	Usaa Bank	56	29	$11m	29.3%	—
34	Ameris Bank	54	29	$8.0m	27.5%	—
35	Guaranteed Rate, Inc.	56	26	$6.8m	25.7%	—
36	Equity Prime Mortgage LLC	40	26	$7.0m	0.0%	—
37	Fairway Independent Mort Corp	41	25	$7.0m	24.2%	—
38	Victory Mortgage, LLC	37	25	$11m	0.0%	—
39	Peoplessouth Bank	27	25	$11m	7.4%	—
40	First Federal Bank	44	24	$8.0m	31.4%	—

Lenders with at least 25 applications in the county, by originations; up to 40 shown of 69. Denial rate is denials over decided applications in this county.

Compared with Florida and the nation

Measure	This county	Florida	United States
Denial rate	26.2%	29.0%	24.3%
Median rate spread, pp	0.2	0.3	0.3
Originations with spread of 1.5 pp or more	12.1%	16.4%	15.6%
Average originated loan	$390k	$359k	$329k
Originations per 1,000 households	71.5	54.4	48.0
Home purchase share of originations	69.4%	62.9%	57.0%
FHA-insured share	13.8%	17.7%	13.4%
VA-guaranteed share	20.4%	9.5%	7.9%

Rate spread distribution

Below 0 pp41%

0 to 0.5 pp22.9%

0.5 to 1 pp15.3%

1 to 1.5 pp8.7%

1.5 to 3 pp7.1%

3 or more pp5%

Share of 4,707 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Florida). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.

Loan purpose and loan type

By purpose

Home purchase 69% (3,909)Home improvement 6% (315)Refinancing 7% (414)Cash-out refinancing 9% (499)Other purpose 9% (489)

By type

Conventional 66% (3,692)FHA 14% (778)VA 20% (1,147)USDA 0% (13)

Trend by year

ApplicationsOriginations

Applications and originations in Bay County, 2022–2024

This countyFlorida

Denial rate by year, state rate dashed

Questions and answers

Which lenders are most active in Bay County, FL?

By 2024 originations: DHI Mortgage Company, LTD. (550), United Wholesale Mortgage (398), Tyndall Federal Credit Union (388), Rocket Mortgage (317), Trustmark National Bank (243). 69 lenders had at least 25 applications in the county.

What is the mortgage denial rate in Bay County?

26.2% of decided applications were denied in 2024, against 29.0% across Florida and 24.3% nationally.

How many mortgages were originated in Bay County in 2024?

5,630 loans totalling $2.2bn, from 10,415 applications; 71.5 originations per 1,000 households.

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 12005; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.