Lenders › Bank of America NA › Florida
Bank of America NA 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, Bank of America NA reported 25,574 applications and 7,882 originations for 2024, $2.6bn in all.
Its denial rate in the state was 56.3%, above the Florida rate of 29.0% across all lenders and compared with the lender's national rate of 48.1%.
The median rate spread on its Florida originations was 1.7 percentage points (state median 0.3).
Applications in the state were down 22% on 2023.
Compared with the state and the lender's national record
| Measure | In Florida | Florida, all lenders | Bank of America NA, all states | United States |
|---|---|---|---|---|
| Denial rate | 56.3% | 29.0% | 48.1% | 24.3% |
| Median rate spread, pp | 1.7 | 0.3 | 1.1 | 0.3 |
| Originations with spread of 1.5 pp or more | 54.1% | 16.4% | 41.1% | 15.6% |
| Average originated loan | $329k | $359k | $360k | $329k |
| Home purchase share | 29.5% | 62.9% | 31.8% | 57.0% |
| FHA-insured share | 0.6% | 17.7% | 0.5% | 13.4% |
| VA-guaranteed share | 0.1% | 9.5% | 0.1% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateFlorida, all lenders
Loan purpose and loan type in Florida
By purpose
Home purchase 30% (2,326)Home improvement 34% (2,711)Refinancing 14% (1,123)Cash-out refinancing 2% (175)Other purpose 20% (1,547)
By type
Conventional 99% (7,832)FHA 1% (45)VA 0% (5)
Denial reasons as coded
Share of 10,680 denials in Florida by first denial reason coded (outlined bar: all lenders in the state).
Counties in Florida
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Palm Beach County | 2,547 | 820 | $500m | 54.1% |
| Broward County | 3,182 | 802 | $231m | 63.3% |
| Miami-Dade County | 2,984 | 722 | $395m | 66.0% |
| Hillsborough County | 1,600 | 506 | $138m | 56.0% |
| Orange County | 1,465 | 468 | $124m | 56.2% |
| Pinellas County | 1,337 | 433 | $109m | 52.6% |
| Duval County | 870 | 318 | $75m | 49.3% |
| Lee County | 893 | 283 | $71m | 56.1% |
| Manatee County | 670 | 258 | $73m | 43.2% |
| Pasco County | 747 | 256 | $41m | 53.7% |
| Volusia County | 777 | 250 | $37m | 55.8% |
| Sarasota County | 718 | 250 | $91m | 47.5% |
| Brevard County | 601 | 205 | $45m | 53.9% |
| Seminole County | 573 | 204 | $38m | 50.5% |
| St. Johns County | 479 | 200 | $59m | 39.3% |
| Collier County | 549 | 175 | $150m | 51.3% |
| Marion County | 451 | 154 | $21m | 54.4% |
| Lake County | 474 | 148 | $28m | 57.2% |
| Polk County | 576 | 135 | $18m | 69.5% |
| St. Lucie County | 513 | 131 | $21m | 63.6% |
| Osceola County | 517 | 127 | $23m | 67.1% |
| Charlotte County | 271 | 96 | $16m | 51.4% |
| Martin County | 248 | 91 | $42m | 43.8% |
| Indian River County | 216 | 85 | $50m | 46.0% |
| Hernando County | 254 | 81 | $12m | 55.2% |
| Flagler County | 244 | 81 | $13m | 50.9% |
| Citrus County | 222 | 76 | $11m | 47.8% |
| Alachua County | 213 | 70 | $14m | 54.4% |
| Escambia County | 153 | 59 | $13m | 46.6% |
| Leon County | 177 | 52 | $8.7m | 53.5% |
| Sumter County | 130 | 47 | $9.8m | 42.5% |
| Walton County | 79 | 43 | $43m | 28.1% |
| Clay County | 130 | 42 | $7.3m | 54.9% |
| Nassau County | 93 | 40 | $18m | 35.9% |
| Santa Rosa County | 92 | 35 | $11m | 37.7% |
| Monroe County | 91 | 26 | $14m | 55.0% |
| Okaloosa County | 99 | 23 | $6.6m | 60.0% |
| Highlands County | 70 | 21 | $3.3m | 60.4% |
| Bay County | 50 | 20 | $5.5m | 47.6% |
| Okeechobee County | 38 | 8 | $800k | 71.4% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Bank of America NA originate in Florida in 2024?
7,882 loans totalling $2.6bn, from 25,574 applications reported for properties in Florida.
What is Bank of America NA's denial rate in Florida?
56.3% of decided applications in Florida were denied, against 29.0% for all lenders in the state and 48.1% 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 Bank of America NA lend in most?
By originations: Palm Beach County (820), Broward County (802), Miami-Dade County (722), Hillsborough County (506), Orange County (468).
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.