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2024 data HMDA 2024 disclosure official source

Miami-Dade County

82,352 mortgage applications, 25.4% denial rate. Verify FIPS 12086 with U.S. Census Bureau →

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Florida · FIPS 12086

Local mortgage market. Miami-Dade County, Florida saw 82,352 HMDA-reported mortgage applications in 2024. Lenders originated 33,574 of those loans and denied 20,889, producing a denial rate of 25.4% and an approval (origination) rate of 40.8%. The average loan amount was $467,642 at an average note rate of 7.32%, with applicants self-reporting average annual income of $41K. 607 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 11.4x, meaning typical borrowers took on mortgages of about 11.4 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 12086 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

82,352
Applications
33,574
Originated
25.4%
Denial Rate
40.8%
Approval Rate
$467,642
Avg Loan Amount
7.32%
Avg Interest Rate
$41K
Avg Applicant Income
11.4x
Loan-to-Income Ratio

Nearby Lenders in Miami-Dade County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 United Wholesale Mortgage 5,044 15.0%
2 Rocket Mortgage 1,986 5.9%
3 A&D Mortgage LLC 1,420 4.2%
4 JPMorgan Chase Bank, NA 911 2.7%
5 Space Coast Credit Union 906 2.7%
Compare United Wholesale Mortgage vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Miami-Dade County?
In the 2024 HMDA reporting year, 82,352 mortgage applications were filed in Miami-Dade County, Florida. Of these, 33,574 were originated (approved and funded), while 20,889 were denied, resulting in a denial rate of 25.4%.
What is the mortgage denial rate in Miami-Dade County?
The mortgage denial rate in Miami-Dade County is 25.4%. The approval (origination) rate is 40.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Miami-Dade County?
The average mortgage loan amount in Miami-Dade County is $467,642. The average interest rate is 7.317%. The average applicant income is $41K.
What is the loan-to-income ratio in Miami-Dade County?
The average loan-to-income ratio in Miami-Dade County is 11.4x, meaning borrowers took on loans averaging 11.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Miami-Dade County?
The top mortgage lenders in Miami-Dade County by origination volume are United Wholesale Mortgage, Rocket Mortgage, A&D Mortgage LLC. In total, 607 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.