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Indian River 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.
Indian River County, Florida, saw 7,207 HMDA-reported applications and 3,803 originations ($1.2bn) in 2024.
That is 53.7 originations per 1,000 households, against 54.4 for Florida and 48.0 nationally.
The county's denial rate was 27.9%, close to the state rate of 29.0%. The median rate spread on originated loans was 0.4 percentage points and 17.0% of originations were 1.5 points or more above the average prime offer rate.
55 lenders reached 25 applications in the county; the most active by originations were Rocket Mortgage (279), United Wholesale Mortgage (264) and Space Coast Credit Union (219).
Originations were about level with 2023.
Most active lenders
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 55. Denial rate is denials over decided applications in this county.
Compared with Florida and the nation
| Measure | This county | Florida | United States |
|---|---|---|---|
| Denial rate | 27.9% | 29.0% | 24.3% |
| Median rate spread, pp | 0.4 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 17.0% | 16.4% | 15.6% |
| Average originated loan | $313k | $359k | $329k |
| Originations per 1,000 households | 53.7 | 54.4 | 48.0 |
| Home purchase share of originations | 59.1% | 62.9% | 57.0% |
| FHA-insured share | 14.6% | 17.7% | 13.4% |
| VA-guaranteed share | 8.5% | 9.5% | 7.9% |
Rate spread distribution
Share of 3,525 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 59% (2,247)Home improvement 11% (401)Refinancing 8% (299)Cash-out refinancing 13% (492)Other purpose 10% (364)
By type
Conventional 77% (2,923)FHA 15% (554)VA 9% (324)USDA 0% (2)
Trend by year
ApplicationsOriginations
This countyFlorida
Questions and answers
Which lenders are most active in Indian River County, FL?
By 2024 originations: Rocket Mortgage (279), United Wholesale Mortgage (264), Space Coast Credit Union (219), SouthState Bank, N.A. (126), Midflorida Credit Union (102). 55 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Indian River County?
27.9% of decided applications were denied in 2024, against 29.0% across Florida and 24.3% nationally.
How many mortgages were originated in Indian River County in 2024?
3,803 loans totalling $1.2bn, from 7,207 applications; 53.7 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 12061; 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.