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Gadsden County, Florida
Mortgage lending record for properties in the county, calendar year 2024.
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.
Gadsden County, Florida, saw 1,351 HMDA-reported applications and 503 originations ($99m) in 2024.
That is 29.8 originations per 1,000 households, against 54.4 for Florida and 48.0 nationally.
The county's denial rate was 43.5%, above the state rate of 29.0%. The median rate spread on originated loans was 0.5 percentage points and 20.8% of originations were 1.5 points or more above the average prime offer rate.
10 lenders reached 25 applications in the county; the most active by originations were Rocket Mortgage (46), Loandepot.com, LLC (36) and University Bank (25).
Originations were up 6% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | 67 | 46 | $8.9m | 21.7% | — |
| 2 | Loandepot.com, LLC | 50 | 36 | $5.5m | 7.3% | — |
| 3 | University Bank | 34 | 25 | $7.0m | 10.7% | — |
| 4 | First Commerce Credit Union | 45 | 23 | $2.2m | 33.3% | — |
| 5 | 21st Mortgage | 169 | 21 | $3.1m | 81.9% | — |
| 6 | Mortgage Research Center | 29 | 17 | $4.3m | — | — |
| 7 | United Wholesale Mortgage | 27 | 15 | $4.1m | — | — |
| 8 | Vanderbilt Mortgage and Finance, Inc | 122 | 14 | $2.1m | 76.1% | — |
| 9 | Navy Federal Credit Union | 31 | 12 | $1.3m | — | — |
| 10 | Triad Financial Services, Inc. | 43 | 1 | $135k | 65.1% | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 10. Denial rate is denials over decided applications in this county.
Compared with Florida and the nation
| Measure | This county | Florida | United States |
|---|---|---|---|
| Denial rate | 43.5% | 29.0% | 24.3% |
| Median rate spread, pp | 0.5 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 20.8% | 16.4% | 15.6% |
| Average originated loan | $196k | $359k | $329k |
| Originations per 1,000 households | 29.8 | 54.4 | 48.0 |
| Home purchase share of originations | 56.7% | 62.9% | 57.0% |
| FHA-insured share | 21.5% | 17.7% | 13.4% |
| VA-guaranteed share | 13.1% | 9.5% | 7.9% |
Rate spread distribution
Share of 467 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 57% (285)Home improvement 7% (33)Refinancing 8% (40)Cash-out refinancing 20% (101)Other purpose 8% (38)
By type
Conventional 64% (323)FHA 21% (108)VA 13% (66)USDA 1% (6)
Trend by year
ApplicationsOriginations
This countyFlorida
Questions and answers
Which lenders are most active in Gadsden County, FL?
By 2024 originations: Rocket Mortgage (46), Loandepot.com, LLC (36), University Bank (25), First Commerce Credit Union (23), 21st Mortgage (21). 10 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Gadsden County?
43.5% of decided applications were denied in 2024, against 29.0% across Florida and 24.3% nationally.
How many mortgages were originated in Gadsden County in 2024?
503 loans totalling $99m, from 1,351 applications; 29.8 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 12039; 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.