Florida
Mortgage Loan Application
Totals and Details
in 2020

Find mortgage statistics and mortgage data for Florida.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2020 in all of Florida.
You can organize this information by metropolitan area and by county.

Years 2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 1,749,909
Total Mortgage Loan Application Amount $455,537,610,000
Average Mortgage Loan Application Amount $260,000
Highest Mortgage Loan Application Amount $99,995,000
Average Applicant Income $122,000
Highest Applicant Income $9,999,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Florida, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for Florida in 2020

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 701,453 $199,974,045,000 $285,000 $97,545,000 $120,000 $9,999,000
Refinancing 644,247 $171,299,655,000 $265,000 $99,995,000 $125,000 $9,999,000
Cash-out Refinancing 240,031 $60,694,570,000 $252,000 $59,295,000 $111,000 $9,390,000
Other Purpose 70,228 $12,128,180,000 $172,000 $80,005,000 $145,000 $9,570,000
Home Improvement 69,757 $7,729,245,000 $110,000 $67,215,000 $122,000 $9,800,000
Not Applicable 24,193 $3,711,915,000 $153,000 $2,975,000 $64,000 $338,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 917,991 $233,898,295,000 $254,000 $59,295,000 $130,000 $9,999,000
Hispanic 277,334 $68,686,975,000 $247,000 $99,995,000 $103,000 $9,999,000
Not Provided 235,411 $62,102,920,000 $263,000 $30,005,000 $129,000 $9,999,000
Not applicable 141,407 $49,218,520,000 $348,000 $97,545,000 $104,000 $4,008,000
Black or African American 120,028 $26,593,720,000 $221,000 $60,005,000 $86,000 $9,800,000
Asian 40,912 $10,918,540,000 $266,000 $14,305,000 $132,000 $9,414,000
American Indian or Alaskan Native 6,215 $1,380,865,000 $222,000 $16,715,000 $100,000 $4,790,000
Native Hawaiian or Other Pacific Islander 1,944 $454,230,000 $233,000 $4,055,000 $104,000 $6,299,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 1,230,152 $327,911,420,000 $266,000 $99,995,000 $134,000 $9,999,000
FHA-insured (Federal Housing Administration) 281,927 $62,685,630,000 $222,000 $97,545,000 $66,000 $9,999,000
VA-guaranteed (Veterans Administration) 227,663 $62,986,295,000 $276,000 $8,005,000 $82,000 $9,999,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 10,167 $1,954,265,000 $192,000 $2,005,000 $62,000 $6,300,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 903,584 $248,375,375,000 $274,000 $80,175,000 $125,000 $9,999,000
Application Withdrawn By Applicant 268,687 $73,960,225,000 $275,000 $97,545,000 $129,000 $9,999,000
Application Denied By Financial Institution 255,717 $55,486,235,000 $216,000 $99,995,000 $103,000 $9,999,000
Loan Purchased By The Institution 174,708 $42,531,940,000 $243,000 $52,715,000 $113,000 $9,999,000
File Closed For Incompleteness 97,255 $23,282,545,000 $239,000 $56,105,000 $119,000 $9,800,000
Application Approved But Not Accepted 46,352 $11,291,580,000 $243,000 $80,005,000 $128,000 $9,215,000
Preapproval Denied by Financial Institution 2,199 $337,075,000 $153,000 $3,045,000 $57,000 $1,860,000
Preapproval Approved but not Accepted 1,407 $272,635,000 $193,000 $3,025,000 $85,000 $1,734,000

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 1,484,673 $397,332,950,000 $267,000 $97,545,000 $125,000 $9,999,000
Debt-To-Income Ratio 86,779 $20,195,805,000 $232,000 $47,505,000 $78,000 $9,576,000
Credit History 63,891 $10,326,925,000 $161,000 $13,005,000 $104,000 $9,999,000
Credit Application Incomplete 38,335 $9,303,755,000 $242,000 $99,995,000 $123,000 $9,539,000
Collateral 29,017 $6,540,125,000 $225,000 $47,545,000 $137,000 $9,420,000
Other 26,408 $6,964,780,000 $263,000 $65,005,000 $140,000 $9,390,000
Unverifiable Information 9,915 $2,333,795,000 $235,000 $12,005,000 $122,000 $9,999,000
Insufficient Cash (Downpayment, Closing Cost) 6,604 $1,531,140,000 $231,000 $60,005,000 $118,000 $6,299,000
Employment History 4,203 $987,815,000 $235,000 $4,205,000 $84,000 $5,520,000
Mortgage Insurance Denied 84 $20,520,000 $244,000 $855,000 $97,000 $789,000
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Mortgage Loan Application Totals in 2020 by Florida Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
CAPE CORAL-FORT MYERS, FL 74,919 $ 17,979,640,000 $ 239,000 $ 120,000
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 37,639 $ 12,309,605,000 $ 327,000 $ 176,000
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 63,237 $ 13,452,385,000 $ 212,000 $ 98,000
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL 139,074 $ 41,094,475,000 $ 295,000 $ 133,000
GAINESVILLE, FL 19,742 $ 3,983,980,000 $ 201,000 $ 104,000
HOMOSASSA SPRINGS, FL 13,119 $ 2,171,385,000 $ 165,000 $ 79,000
JACKSONVILLE, FL 150,587 $ 37,819,595,000 $ 251,000 $ 114,000
LAKELAND-WINTER HAVEN, FL 60,693 $ 11,810,710,000 $ 194,000 $ 82,000
MIAMI-MIAMI BEACH-KENDALL, FL 139,541 $ 47,416,225,000 $ 339,000 $ 150,000
NAPLES-IMMOKALEE-MARCO ISLAND, FL 37,549 $ 13,660,535,000 $ 363,000 $ 194,000
NORTH PORT-SARASOTA-BRADENTON, FL 81,390 $ 21,967,060,000 $ 269,000 $ 131,000
OCALA, FL 29,947 $ 4,960,910,000 $ 165,000 $ 81,000
ORLANDO-KISSIMMEE-SANFORD, FL 222,755 $ 57,474,185,000 $ 258,000 $ 111,000
PALM BAY-MELBOURNE-TITUSVILLE, FL 57,910 $ 13,538,395,000 $ 233,000 $ 105,000
PANAMA CITY, FL 19,084 $ 4,516,000,000 $ 236,000 $ 115,000
PENSACOLA-FERRY PASS-BRENT, FL 44,464 $ 9,885,850,000 $ 222,000 $ 104,000
PORT ST. LUCIE, FL 48,793 $ 11,483,485,000 $ 235,000 $ 110,000
PUNTA GORDA, FL 20,418 $ 4,280,775,000 $ 209,000 $ 101,000
SEBASTIAN-VERO BEACH, FL 14,263 $ 3,464,485,000 $ 242,000 $ 123,000
SEBRING, FL 6,409 $ 974,805,000 $ 152,000 $ 77,000
TALLAHASSEE, FL 22,641 $ 4,888,120,000 $ 215,000 $ 109,000
TAMPA-ST. PETERSBURG-CLEARWATER, FL 279,430 $ 67,242,090,000 $ 240,000 $ 112,000
THE VILLAGES, FL 12,975 $ 2,866,445,000 $ 220,000 $ 98,000
WEST PALM BEACH-BOCA RATON-DELRAY BEACH, FL 119,442 $ 38,369,350,000 $ 321,000 $ 156,000
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Mortgage Loan Application Totals in 2020 by Florida County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Alachua 16,054 $ 3,436,370,000 $ 214,000 $ 110,000
Baker 1,606 $ 301,870,000 $ 187,000 $ 85,000
Bay 19,085 $ 4,516,405,000 $ 236,000 $ 115,000
Bradford 1,267 $ 193,975,000 $ 153,000 $ 73,000
Brevard 57,911 $ 13,538,450,000 $ 233,000 $ 105,000
Broward 139,074 $ 41,094,475,000 $ 295,000 $ 133,000
Calhoun 453 $ 59,905,000 $ 132,000 $ 77,000
Charlotte 20,392 $ 4,275,045,000 $ 209,000 $ 101,000
Citrus 13,119 $ 2,171,385,000 $ 165,000 $ 79,000
Clay 20,757 $ 4,515,895,000 $ 217,000 $ 91,000
Collier 37,549 $ 13,660,535,000 $ 363,000 $ 194,000
Columbia 4,016 $ 608,400,000 $ 151,000 $ 79,000
DeSoto 1,282 $ 214,980,000 $ 167,000 $ 79,000
Dixie 573 $ 69,385,000 $ 121,000 $ 73,000
Duval 77,377 $ 17,790,965,000 $ 229,000 $ 104,000
Escambia 23,302 $ 4,885,970,000 $ 209,000 $ 105,000
Flagler 13,480 $ 2,998,190,000 $ 222,000 $ 101,000
Franklin 1,051 $ 293,225,000 $ 278,000 $ 176,000
Gadsden 1,938 $ 298,440,000 $ 153,000 $ 77,000
Gilchrist 1,091 $ 165,525,000 $ 151,000 $ 81,000
Glades 440 $ 64,850,000 $ 147,000 $ 77,000
Gulf 1,477 $ 395,425,000 $ 267,000 $ 142,000
Hamilton 410 $ 47,390,000 $ 115,000 $ 62,000
Hardee 606 $ 149,720,000 $ 247,000 $ 79,000
Hendry 1,694 $ 272,990,000 $ 161,000 $ 74,000
Hernando 18,875 $ 3,197,215,000 $ 169,000 $ 73,000
Highlands 6,408 $ 974,720,000 $ 152,000 $ 77,000
Hillsborough 122,991 $ 31,503,065,000 $ 256,000 $ 116,000
Holmes 619 $ 82,945,000 $ 133,000 $ 65,000
Indian River 14,262 $ 3,464,390,000 $ 242,000 $ 123,000
Jackson 1,667 $ 218,025,000 $ 130,000 $ 68,000
Jefferson 784 $ 149,570,000 $ 190,000 $ 89,000
Lafayette 195 $ 25,535,000 $ 130,000 $ 88,000
Lake 36,223 $ 8,054,835,000 $ 222,000 $ 93,000
Lee 74,919 $ 17,979,340,000 $ 239,000 $ 120,000
Leon 17,173 $ 3,931,650,000 $ 228,000 $ 116,000
Levy 2,597 $ 382,085,000 $ 147,000 $ 72,000
Liberty 231 $ 30,405,000 $ 131,000 $ 72,000
Madison 587 $ 76,445,000 $ 130,000 $ 71,000
Manatee 37,930 $ 10,321,100,000 $ 272,000 $ 130,000
Marion 29,940 $ 4,959,335,000 $ 165,000 $ 81,000
Martin 14,945 $ 4,447,425,000 $ 297,000 $ 149,000
Miami-Dade 139,541 $ 47,416,225,000 $ 339,000 $ 150,000
Monroe 7,771 $ 3,733,135,000 $ 480,000 $ 253,000
Nassau 10,534 $ 2,837,140,000 $ 269,000 $ 123,000
Okaloosa 23,872 $ 6,402,320,000 $ 268,000 $ 120,000
Okeechobee 1,663 $ 253,385,000 $ 152,000 $ 85,000
Orange 105,360 $ 29,427,950,000 $ 279,000 $ 122,000
Osceola 39,811 $ 9,462,045,000 $ 237,000 $ 95,000
Palm Beach 119,442 $ 38,367,720,000 $ 321,000 $ 156,000
Pasco 55,242 $ 12,043,560,000 $ 218,000 $ 96,000
Pinellas 82,321 $ 20,498,235,000 $ 249,000 $ 124,000
Polk 60,691 $ 11,809,880,000 $ 194,000 $ 82,000
Putnam 3,419 $ 506,275,000 $ 148,000 $ 74,000
Santa Rosa 21,833 $ 5,158,035,000 $ 236,000 $ 102,000
Sarasota 42,814 $ 11,494,000,000 $ 268,000 $ 134,000
Seminole 41,362 $ 10,529,850,000 $ 254,000 $ 115,000
St. Johns 40,316 $ 12,373,910,000 $ 306,000 $ 142,000
St. Lucie 33,848 $ 7,037,690,000 $ 207,000 $ 91,000
Sumter 12,983 $ 2,868,325,000 $ 220,000 $ 98,000
Suwannee 1,900 $ 254,230,000 $ 133,000 $ 70,000
Taylor 787 $ 103,495,000 $ 131,000 $ 76,000
Union 576 $ 86,850,000 $ 150,000 $ 74,000
Volusia 49,759 $ 10,454,465,000 $ 210,000 $ 97,000
Wakulla 2,748 $ 508,520,000 $ 185,000 $ 86,000
Walton 13,765 $ 5,906,475,000 $ 429,000 $ 255,000
Washington 1,201 $ 186,045,000 $ 154,000 $ 74,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in Florida.

If you prefer, you can download a copy of the entire list of mortgage lenders in Florida and search similar information back through 2003.

Download the Florida Lender List