Florida mortgages and home buyers, 2025
Incomes, down payments, rates, loan costs, denials and lenders across Florida's 67 counties, from official HMDA records.
HMDA 2025 data released June 23, 2026
In 2025, lenders reported 225,732 home-purchase mortgages for owner-occupied, single-family homes in Florida. The median buyer borrowed $345,000 on a home valued at $395,000 and reported a household income of $115,000.
Buyers financed a median 94.4% of the home's value (roughly 5.6% down), paid a median 6.625% on 30-year fixed conventional loans and faced median conventional loan costs of $6,760.
Lenders denied 12.8% of completed home-purchase applications.
Key facts
- Median conventional loan costs ($6,760) were 21% higher than the U.S. median ($5,570).
- FHA loans made up 29.0% of purchase mortgages, versus 21.1% nationally.
- The most common age bracket among borrowers was 25–34 (26.5% of purchase loans).
- 55.0% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (44.1% of denials with a stated reason).
Conforming limits in Florida range from $832,750 to $990,150 for a one-unit home in 2026. See every Florida county's 2026 FHA and conforming loan limits.
Florida counties compared
Click a column to sort. Medians shown with at least 30 loans.
| County | Purchase loans | Median loan | Buyer income | Down payment | 30-yr rate | Loan costs | Denial rate | FHA limit |
|---|---|---|---|---|---|---|---|---|
| Alachua County | 2,160 | $305,000 | $110,000 | 8.2% | 6.625% | $5,540 | 10.7% | $541,287 |
| Baker County | 184 | $305,000 | $104,000 | 3.5% | 6.500% | $6,530 | 6.8% | $580,750 |
| Bay County | 2,743 | $315,000 | $104,000 | 5.0% | 6.575% | $5,920 | 10.6% | $541,287 |
| Bradford County | 183 | $265,000 | $94,000 | 5.0% | 6.625% | $6,360 | 7.9% | $541,287 |
| Brevard County | 8,514 | $325,000 | $111,000 | 5.9% | 6.625% | $5,680 | 9.0% | $541,287 |
| Broward County | 13,564 | $435,000 | $139,000 | 10.0% | 6.625% | $8,650 | 17.3% | $667,000 |
| Calhoun County | 48 | $195,000 | $91,000 | 3.5% | — | — | 19.4% | $541,287 |
| Charlotte County | 3,568 | $285,000 | $103,000 | 10.0% | 6.624% | $5,530 | 13.7% | $541,287 |
| Citrus County | 2,221 | $255,000 | $90,000 | 5.0% | 6.625% | $5,840 | 8.9% | $541,287 |
| Clay County | 2,907 | $325,000 | $103,000 | 3.5% | 6.500% | $5,850 | 10.3% | $580,750 |
| Collier County | 3,532 | $465,000 | $150,000 | 20.0% | 6.625% | $7,560 | 13.1% | $764,750 |
| Columbia County | 347 | $285,000 | $100,000 | 5.0% | 6.600% | $6,330 | 13.1% | $541,287 |
| DeSoto County | 159 | $265,000 | $87,000 | 4.1% | 6.750% | $5,900 | 15.6% | $541,287 |
| Dixie County | 49 | $205,000 | $81,000 | 5.1% | — | — | 13.6% | $541,287 |
| Duval County | 10,327 | $295,000 | $95,000 | 3.5% | 6.500% | $5,910 | 11.1% | $580,750 |
| Escambia County | 3,478 | $275,000 | $93,000 | 3.5% | 6.625% | $5,180 | 9.3% | $541,287 |
| Flagler County | 2,253 | $315,000 | $106,000 | 10.0% | 6.500% | $6,150 | 11.6% | $541,287 |
| Franklin County | 71 | $295,000 | $110,000 | 18.5% | — | $6,030 | 8.9% | $541,287 |
| Gadsden County | 185 | $255,000 | $83,000 | 3.5% | 6.625% | $5,350 | 10.0% | $541,287 |
| Gilchrist County | 112 | $265,000 | $97,000 | 5.0% | 6.750% | $6,830 | 4.8% | $541,287 |
| Glades County | 65 | $285,000 | $91,000 | 5.0% | — | — | 16.1% | $541,287 |
| Gulf County | 127 | $325,000 | $113,000 | 10.0% | 6.500% | $5,870 | 12.8% | $541,287 |
| Hamilton County | 37 | $235,000 | $73,000 | 8.5% | — | — | 19.6% | $541,287 |
| Hardee County | 116 | $255,000 | $89,000 | 3.5% | 6.875% | $6,070 | 18.8% | $541,287 |
| Hendry County | 377 | $295,000 | $93,000 | 3.5% | 6.899% | $6,780 | 21.6% | $541,287 |
| Hernando County | 3,381 | $305,000 | $95,000 | 3.5% | 6.624% | $6,180 | 11.8% | $541,287 |
| Highlands County | 1,010 | $245,000 | $84,000 | 5.0% | 6.750% | $5,530 | 12.8% | $541,287 |
| Hillsborough County | 14,161 | $375,000 | $122,000 | 5.0% | 6.624% | $7,050 | 11.3% | $541,287 |
| Holmes County | 67 | $205,000 | $82,000 | 3.5% | — | — | 21.7% | $541,287 |
| Indian River County | 1,898 | $315,000 | $109,000 | 10.0% | 6.625% | $6,050 | 11.4% | $541,287 |
| Jackson County | 199 | $225,000 | $83,000 | 5.0% | 6.625% | $5,460 | 13.9% | $541,287 |
| Jefferson County | 81 | $345,000 | $113,000 | 5.0% | — | $8,460 | 8.5% | $541,287 |
| Lafayette County | 18 | — | — | — | — | — | — | $541,287 |
| Lake County | 5,930 | $355,000 | $114,000 | 6.8% | 6.500% | $6,490 | 12.4% | $541,287 |
| Lee County | 11,553 | $325,000 | $104,000 | 5.0% | 6.625% | $6,250 | 14.0% | $541,287 |
| Leon County | 2,149 | $275,000 | $104,000 | 5.0% | 6.562% | $5,740 | 6.7% | $541,287 |
| Levy County | 273 | $265,000 | $92,000 | 5.0% | 6.500% | $6,700 | 13.8% | $541,287 |
| Liberty County | 15 | — | — | — | — | — | — | $541,287 |
| Madison County | 55 | $245,000 | $103,000 | 5.0% | — | — | 9.5% | $541,287 |
| Manatee County | 6,620 | $355,000 | $122,000 | 10.0% | 6.499% | $6,050 | 13.2% | $547,400 |
| Marion County | 6,273 | $265,000 | $86,000 | 5.0% | 6.575% | $5,510 | 13.3% | $541,287 |
| Martin County | 1,668 | $405,000 | $149,000 | 20.0% | 6.625% | $6,700 | 9.8% | $603,750 |
| Miami-Dade County | 13,299 | $505,000 | $149,000 | 10.0% | 6.750% | $11,130 | 19.3% | $667,000 |
| Monroe County | 494 | $615,000 | $182,000 | 15.0% | 6.625% | $11,330 | 14.5% | $990,150 |
| Nassau County | 1,262 | $395,000 | $137,000 | 15.0% | 6.500% | $6,310 | 9.0% | $580,750 |
| Okaloosa County | 2,900 | $335,000 | $105,000 | 3.0% | 6.624% | $6,310 | 7.3% | $603,750 |
| Okeechobee County | 226 | $285,000 | $101,000 | 5.0% | 6.750% | $7,060 | 14.4% | $541,287 |
| Orange County | 11,286 | $395,000 | $130,000 | 10.0% | 6.511% | $7,640 | 12.8% | $541,287 |
| Osceola County | 5,850 | $375,000 | $105,000 | 3.5% | 6.499% | $6,880 | 16.9% | $541,287 |
| Palm Beach County | 12,327 | $435,000 | $149,000 | 20.0% | 6.625% | $7,970 | 12.5% | $667,000 |
| Pasco County | 10,019 | $335,000 | $112,000 | 5.0% | 6.490% | $5,950 | 11.7% | $541,287 |
| Pinellas County | 7,931 | $355,000 | $127,000 | 10.0% | 6.625% | $6,730 | 9.9% | $541,287 |
| Polk County | 10,477 | $305,000 | $90,000 | 3.5% | 6.500% | $6,140 | 18.2% | $541,287 |
| Putnam County | 388 | $245,000 | $90,000 | 5.0% | 6.750% | $5,830 | 11.2% | $541,287 |
| St. Johns County | 5,903 | $405,000 | $143,000 | 15.4% | 6.490% | $6,450 | 7.8% | $580,750 |
| St. Lucie County | 5,348 | $355,000 | $109,000 | 5.0% | 6.625% | $6,470 | 15.9% | $603,750 |
| Santa Rosa County | 3,337 | $335,000 | $106,000 | 3.5% | 6.575% | $5,550 | 8.6% | $541,287 |
| Sarasota County | 5,606 | $345,000 | $125,000 | 20.0% | 6.624% | $6,180 | 11.1% | $547,400 |
| Seminole County | 4,355 | $375,000 | $127,000 | 10.0% | 6.625% | $6,990 | 9.3% | $541,287 |
| Sumter County | 3,120 | $295,000 | $122,000 | 20.0% | 6.625% | $4,500 | 6.3% | $541,287 |
| Suwannee County | 143 | $265,000 | $89,000 | 5.0% | 6.750% | $6,600 | 10.4% | $541,287 |
| Taylor County | 74 | $205,000 | $80,000 | 3.5% | — | — | 9.3% | $541,287 |
| Union County | 31 | $305,000 | $125,000 | — | — | — | 6.1% | $541,287 |
| Volusia County | 6,464 | $305,000 | $101,000 | 5.0% | 6.625% | $6,010 | 10.4% | $541,287 |
| Wakulla County | 560 | $285,000 | $94,000 | 3.5% | 6.500% | $5,330 | 9.6% | $541,287 |
| Walton County | 1,331 | $395,000 | $137,000 | 10.0% | 6.625% | $7,430 | 13.0% | $603,750 |
| Washington County | 215 | $225,000 | $77,000 | 3.5% | 6.500% | $5,160 | 18.7% | $541,287 |
Who bought homes in Florida
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in Florida
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | Florida | U.S. |
|---|---|---|
| 30-year fixed rate · conventional | 6.625% | 6.625% |
| 30-year fixed rate · FHA | 6.125% | 6.250% |
| 30-year fixed rate · VA | 6.124% | 6.125% |
| 15-year fixed rate · conventional | 5.750% | 5.875% |
| Rate spread vs. APOR · conventional | +0.14 pts | +0.13 pts |
| Total loan costs · conventional | $6,760 | $5,570 |
| Total loan costs · FHA | $12,360 | $11,310 |
| Total loan costs · VA | $6,770 | $6,490 |
| Origination charges (all loan types) | $2,040 | $1,860 |
| Borrowers paying discount points | 57.1% | 51.3% |
| Points paid, when paid (% of loan) | 0.99% | 0.87% |
| Borrowers receiving lender credits | 32.2% | 33.1% |
| Adjustable-rate mortgages | 6.3% | 7.4% |
| Jumbo loans (above conforming limit) | 4.1% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
Florida: 34,046 of 265,445 completed home-purchase applications were denied (12.8%).
Denial rate
| Application | Florida | U.S. |
|---|---|---|
| Home purchase | 12.8% | 8.5% |
| Conventional | 11.5% | 7.1% |
| FHA | 16.5% | 12.5% |
| VA | 9.7% | 8.0% |
| USDA | 24.4% | 12.5% |
| Refinance | 28.1% | 17.9% |
| Cash-out refinance | 39.2% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in Florida
Top mortgage lenders in Florida
| # | Lender | Loans | Share | Denial rate | 30-yr rate* | Spread* | Costs* |
|---|---|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage (UWM) | 41,793 | 14.4% | 12.6% | 6.624% | +0.24 | $8,630 |
| 2 | Rocket Mortgage, LLC | 19,985 | 6.9% | 17.3% | 6.625% | +0.18 | $7,020 |
| 3 | DHI Mortgage Company, Ltd. | 10,795 | 3.7% | 17.1% | 5.500% | −0.97 | $3,590 |
| 4 | Lennar Mortgage, LLC | 9,202 | 3.2% | 23.2% | 4.990% | −1.32 | $5,140 |
| 5 | CrossCountry Mortgage, Inc. | 8,712 | 3.0% | 4.1% | 6.875% | +0.42 | $7,900 |
| 6 | Pennymac Loan Services, LLC | 6,875 | 2.4% | 16.1% | 6.624% | +0.20 | $8,730 |
| 7 | Freedom Mortgage Corporation | 5,176 | 1.8% | 18.0% | 6.750% | +0.35 | $10,060 |
| 8 | Veterans United Home Loans | 5,141 | 1.8% | 10.5% | 6.625% | +0.15 | $4,550 |
| 9 | loanDepot.com, LLC | 4,703 | 1.6% | 23.6% | 6.375% | +0.02 | $6,670 |
| 10 | JPMorgan Chase Bank, N.A. | 4,533 | 1.6% | 15.3% | 6.500% | −0.05 | $5,610 |
| 11 | Pulte Mortgage LLC | 3,865 | 1.3% | 18.9% | 5.750% | −0.54 | $2,050 |
| 12 | Newrez LLC | 3,709 | 1.3% | 13.8% | 6.750% | +0.33 | $8,260 |
| 13 | Navy Federal Credit Union | 3,680 | 1.3% | 11.5% | 6.625% | −0.05 | $4,270 |
| 14 | Paramount Residential Mortgage Group, Inc. | 3,122 | 1.1% | 8.5% | 6.875% | +0.56 | $8,980 |
| 15 | CMG Mortgage, Inc. | 3,096 | 1.1% | 4.5% | 6.750% | +0.26 | $7,870 |
| 16 | Movement Mortgage, LLC | 2,978 | 1.0% | 3.6% | 6.625% | +0.21 | $6,940 |
| 17 | FBC Mortgage, LLC | 2,697 | 0.9% | 6.8% | 6.490% | +0.07 | $7,070 |
| 18 | New American Funding | 2,635 | 0.9% | 7.7% | 6.750% | +0.47 | $7,600 |
| 19 | The Mortgage Firm, Inc. | 2,473 | 0.9% | 2.6% | 6.875% | +0.33 | $6,210 |
| 20 | Fairway Independent Mortgage Corporation | 2,381 | 0.8% | 6.5% | 6.750% | +0.31 | $7,060 |
| 21 | Rate | 2,272 | 0.8% | 9.5% | 6.750% | +0.28 | $7,120 |
| 22 | A&D Mortgage LLC | 2,213 | 0.8% | 10.6% | 6.875% | +0.58 | $12,280 |
| 23 | Guild Mortgage Company | 2,061 | 0.7% | 5.7% | 6.625% | +0.22 | $6,940 |
| 24 | Everett Financial, Inc. | 2,060 | 0.7% | 9.2% | 6.875% | +0.56 | $8,080 |
| 25 | The Loan Store, Inc. | 2,049 | 0.7% | 8.2% | 6.750% | +0.44 | $9,400 |
Largest lenders in Florida by 2025 originations. Loans = home-purchase, refinance and cash-out originations (2025); share = share of those loans here; denial rate = home-purchase applications. *Medians for conventional home-purchase loans, shown with at least 20 loans; spread = APR minus the average prime offer rate at rate lock (percentage points); costs = total loan costs (section D).
Metro areas in Florida
- Tampa, FL · 27,561 purchases
- Orlando-Kissimmee-Sanford, FL · 27,421 purchases
- Jacksonville, FL · 20,583 purchases
- Miami-Miami Beach-Kendall, FL · 13,299 purchases
- Fort Lauderdale-Pompano Beach-Sunrise, FL · 13,564 purchases
- West Palm Beach-Boca Raton-Delray Beach, FL · 12,327 purchases
- North Port-Bradenton-Sarasota, FL · 12,226 purchases
- Cape Coral-Fort Myers, FL · 11,554 purchases
- Lakeland-Winter Haven, FL · 10,477 purchases
- Deltona-Daytona Beach-Ormond Beach, FL · 8,717 purchases
- Palm Bay-Melbourne-Titusville, FL · 8,515 purchases
- St. Petersburg-Clearwater-Largo, FL · 7,931 purchases
- Port St. Lucie, FL · 7,016 purchases
- Pensacola-Ferry Pass-Brent, FL · 6,815 purchases
- Ocala, FL · 6,273 purchases
- Crestview-Fort Walton Beach-Destin, FL · 4,231 purchases
- Naples-Marco Island, FL · 3,532 purchases
- Punta Gorda, FL · 3,568 purchases
- Tallahassee, FL · 2,975 purchases
- Panama City-Panama City Beach, FL · 2,958 purchases
- Wildwood-The Villages, FL · 3,120 purchases
- Gainesville, FL · 2,545 purchases
- Homosassa Springs, FL · 2,221 purchases
- Sebastian-Vero Beach-West Vero Corridor, FL · 1,898 purchases
- Sebring, FL · 1,010 purchases
Source: FFIEC/CFPB HMDA 2025 public LAR; FHFA and HUD 2026 loan limits. Methodology