States › Florida › Monroe County
Monroe 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.
Monroe County, Florida, saw 2,901 HMDA-reported applications and 1,495 originations ($1.1bn) in 2024.
That is 43.5 originations per 1,000 households, against 54.4 for Florida and 48.0 nationally.
The county's denial rate was 29.5%, close to the state rate of 29.0%. The median rate spread on originated loans was 0.4 percentage points and 16.7% of originations were 1.5 points or more above the average prime offer rate.
27 lenders reached 25 applications in the county; the most active by originations were United Wholesale Mortgage (205), First Horizon Bank (135) and Rocket Mortgage (79).
Originations were up 8% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage | 298 | 205 | $142m | 20.5% | — |
| 2 | First Horizon Bank | 228 | 135 | $78m | 26.3% | — |
| 3 | Rocket Mortgage | 109 | 79 | $44m | 23.6% | — |
| 4 | Crosscountry Mortgage, LLC | 57 | 43 | $35m | 0.0% | — |
| 5 | Centennial Bank | 66 | 38 | $29m | 25.5% | — |
| 6 | CBNA Year to Date | 72 | 36 | $23m | 29.6% | — |
| 7 | SouthState Bank, N.A. | 43 | 29 | $18m | 14.7% | — |
| 8 | Bank of America NA | 91 | 26 | $14m | 55.0% | — |
| 9 | Deephaven Mortgage LLC | 39 | 25 | $21m | 35.9% | — |
| 10 | Navy Federal Credit Union | 56 | 23 | $6.4m | 37.8% | — |
| 11 | A&D Mortgage LLC | 48 | 22 | $17m | 17.9% | — |
| 12 | Figure Lending LLC | 54 | 21 | $3.5m | 46.8% | — |
| 13 | Flagstar Bank NA | 36 | 21 | $9.4m | 36.4% | — |
| 14 | Truist Bank | 48 | 20 | $13m | 40.5% | — |
| 15 | The Loan Store, Inc | 35 | 20 | $11m | 28.1% | — |
| 16 | Angel Oak Mortgage Solutions LLC | 27 | 19 | $16m | — | — |
| 17 | Newrez LLC | 42 | 18 | $12m | 31.0% | — |
| 18 | Kind Lending, LLC | 27 | 17 | $12m | 34.6% | — |
| 19 | Pennymac Loan Services LLC | 53 | 16 | $8.9m | 41.9% | — |
| 20 | JPMorgan Chase Bank, NA | 30 | 14 | $25m | — | — |
| 21 | Wells Fargo Bank NA | 25 | 13 | $13m | — | — |
| 22 | Spring Eq, LLC | 41 | 10 | $1.5m | 67.6% | — |
| 23 | Space Coast Credit Union | 31 | 10 | $3.4m | 64.3% | — |
| 24 | PNC Bank N.A. | 26 | 9 | $4.7m | — | — |
| 25 | Coastal Community Bank | 38 | 7 | $795k | — | — |
| 26 | Discover Bank | 62 | 5 | $695k | 88.4% | — |
| 27 | Amerisave Mortgage Company | 45 | 4 | $2.2m | 89.5% | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 27. Denial rate is denials over decided applications in this county.
Compared with Florida and the nation
| Measure | This county | Florida | United States |
|---|---|---|---|
| Denial rate | 29.5% | 29.0% | 24.3% |
| Median rate spread, pp | 0.4 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 16.7% | 16.4% | 15.6% |
| Average originated loan | $718k | $359k | $329k |
| Originations per 1,000 households | 43.5 | 54.4 | 48.0 |
| Home purchase share of originations | 61.5% | 62.9% | 57.0% |
| FHA-insured share | 5.2% | 17.7% | 13.4% |
| VA-guaranteed share | 7.1% | 9.5% | 7.9% |
Rate spread distribution
Share of 1,215 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 62% (920)Home improvement 8% (123)Refinancing 9% (128)Cash-out refinancing 14% (208)Other purpose 8% (115)
By type
Conventional 88% (1,311)FHA 5% (78)VA 7% (106)
Trend by year
ApplicationsOriginations
This countyFlorida
Questions and answers
Which lenders are most active in Monroe County, FL?
By 2024 originations: United Wholesale Mortgage (205), First Horizon Bank (135), Rocket Mortgage (79), Crosscountry Mortgage, LLC (43), Centennial Bank (38). 27 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Monroe County?
29.5% of decided applications were denied in 2024, against 29.0% across Florida and 24.3% nationally.
How many mortgages were originated in Monroe County in 2024?
1,495 loans totalling $1.1bn, from 2,901 applications; 43.5 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 12087; 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.