Lenders › Lower, LLC › Florida
Lower, LLC in Florida
HMDA record for properties in Florida, calendar year 2024. National record · Florida overview
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.
In Florida, Lower, LLC reported 2,586 applications and 1,522 originations for 2024, $452m in all.
Its denial rate in the state was 17.6%, below the Florida rate of 29.0% across all lenders and compared with the lender's national rate of 12.7%.
The median rate spread on its Florida originations was 0.4 percentage points (state median 0.3).
Applications in the state were up 24% on 2023.
Compared with the state and the lender's national record
| Measure | In Florida | Florida, all lenders | Lower, LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 17.6% | 29.0% | 12.7% | 24.3% |
| Median rate spread, pp | 0.4 | 0.3 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 6.1% | 16.4% | 7.3% | 15.6% |
| Average originated loan | $297k | $359k | $310k | $329k |
| Home purchase share | 85.2% | 62.9% | 81.3% | 57.0% |
| FHA-insured share | 24.5% | 17.7% | 26.1% | 13.4% |
| VA-guaranteed share | 8.2% | 9.5% | 8.2% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateFlorida, all lenders
Loan purpose and loan type in Florida
By purpose
Home purchase 85% (1,297)Refinancing 2% (28)Cash-out refinancing 13% (197)
By type
Conventional 67% (1,014)FHA 25% (373)VA 8% (125)USDA 1% (10)
Denial reasons as coded
Share of 331 denials in Florida by first denial reason coded (outlined bar: all lenders in the state).
Counties in Florida
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Lee County | 215 | 147 | $42m | 14.0% |
| Hillsborough County | 223 | 144 | $50m | 15.7% |
| Pinellas County | 186 | 128 | $44m | 5.8% |
| Pasco County | 156 | 116 | $30m | 7.9% |
| Broward County | 210 | 111 | $36m | 25.5% |
| Polk County | 156 | 104 | $27m | 14.6% |
| Palm Beach County | 165 | 97 | $37m | 14.8% |
| DeSoto County | 118 | 78 | $15m | 17.9% |
| Miami-Dade County | 138 | 62 | $25m | 31.9% |
| Charlotte County | 83 | 54 | $16m | 11.5% |
| Sarasota County | 71 | 48 | $15m | 14.3% |
| Duval County | 85 | 44 | $9.5m | 14.8% |
| Hardee County | 46 | 36 | $6.0m | 7.7% |
| Orange County | 86 | 35 | $13m | 32.1% |
| Brevard County | 53 | 27 | $7.7m | 6.9% |
| Manatee County | 52 | 25 | $8.2m | 24.2% |
| Marion County | 43 | 25 | $4.9m | 23.5% |
| Hernando County | 40 | 23 | $4.7m | 28.1% |
| St. Lucie County | 46 | 17 | $4.3m | 30.8% |
| Collier County | 33 | 17 | $4.8m | — |
| Lake County | 30 | 17 | $4.7m | — |
| Osceola County | 39 | 16 | $4.2m | — |
| Seminole County | 37 | 13 | $5.1m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Lower, LLC originate in Florida in 2024?
1,522 loans totalling $452m, from 2,586 applications reported for properties in Florida.
What is Lower, LLC's denial rate in Florida?
17.6% of decided applications in Florida were denied, against 29.0% for all lenders in the state and 12.7% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Florida counties does Lower, LLC lend in most?
By originations: Lee County (147), Hillsborough County (144), Pinellas County (128), Pasco County (116), Broward County (111).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Florida. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.