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Bayfirst Financial National Bank

SAINT PETERSBURG, FL

Bayfirst Financial National Bank processed 1,123 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 713 loans with a 23.1% denial rate. Other was the primary loan purpose. Based in SAINT PETERSBURG, FL. The approval rate of 63.5% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Bayfirst Financial National Bank's 63.5% origination rate tells you how often an application turned into funded money; the 23.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Other, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,123 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

1,123
Applications
713
Originated
23.1%
Denial Rate
$183,103
Avg Loan Amount
Avg Interest Rate: 8.357% Avg Applicant Income: $40,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,123 713 259 $183,103

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Bayfirst Financial National Bank (LEI: 549300DMI3W6YLDVSK93) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
166
Other
76
Collateral
61
Credit history
18
Unverifiable information
11
Employment history
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 476 294 $156,492
Home Improvement 472 300 $174,958
Refinancing 87 65 $227,069
Home Purchase 86 52 $331,512
Cash-out Refinancing 2 2 $145,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 881 65.6% 22.0%
Black or African American * 44 47.7% 38.6%
Asian * 38 57.9% 23.7%
Joint * 18 61.1% 11.1%
American Indian or Alaska Native * 2 0.0% 100.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 781 65.8% 21.3%
Hispanic or Latino 148 57.4% 28.4%
Joint * 37 62.2% 21.6%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in FL

Other HMDA-reporting lenders in FL with similar activity. Compare any two side-by-side.

Freedom Mortgage Corporation

BOCA RATON, FL

252,504 apps 57,345 originated 4.9% denied

Lakeview Loan Servicing, LLC

Coral Gables, FL

96,650 apps 10,540 originated 25.2% denied

Triad Financial Services, INC.

JACKSONVILLE, FL

86,581 apps 12,731 originated 55.6% denied

Lennar Mortgage, LLC

MIAMI, FL

75,233 apps 55,530 originated 12.4% denied

Phh Mortgage Corporation

West Palm Beach, FL

62,326 apps 4,770 originated 3.4% denied
Compare Bayfirst Financial National Bank vs Freedom Mortgage Corporation →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Bayfirst Financial National Bank process?
Bayfirst Financial National Bank processed 1,123 mortgage applications in the 2024 HMDA reporting year. Of these, 713 were originated (approved and funded), 9 were withdrawn by the applicant, and 259 were denied.
What is Bayfirst Financial National Bank's mortgage approval rate?
Bayfirst Financial National Bank has an approval (origination) rate of 63.5%, meaning 63.5% of all applications resulted in a funded mortgage. The denial rate is 23.1%.
What is the average loan amount at Bayfirst Financial National Bank?
The average mortgage loan amount at Bayfirst Financial National Bank is $183,103. The average interest rate is 8.357%. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at Bayfirst Financial National Bank?
The most common reasons for mortgage denial at Bayfirst Financial National Bank are: Debt-to-income ratio, Other, Collateral. In total, 259 applications were denied out of 1,123 total applications.
What types of mortgage loans does Bayfirst Financial National Bank offer?
Bayfirst Financial National Bank processes Conventional loans. The most common type is Conventional with 1,123 applications and an average loan amount of $183,103.
What loan purposes does Bayfirst Financial National Bank serve?
Bayfirst Financial National Bank serves the following loan purposes: Other (476 applications), Home Improvement (472 applications), Refinancing (87 applications), Home Purchase (86 applications), Cash-out Refinancing (2 applications). Other is the most common purpose.
Where is Bayfirst Financial National Bank located?
Bayfirst Financial National Bank is headquartered in SAINT PETERSBURG, FL. The lender is identified by LEI 549300DMI3W6YLDVSK93 in HMDA data.
How does Bayfirst Financial National Bank compare in lending across racial demographics?
Bayfirst Financial National Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 65.6% and denial rate of 22.0%; Black or African American applicants have an approval rate of 47.7% and denial rate of 38.6%; Asian applicants have an approval rate of 57.9% and denial rate of 23.7%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is 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.