New York vs Florida: mortgage lending
In 2023, New York had the lower mortgage denial rate of the two — 18.3% versus 23.6% in Florida, a gap of about 5.3 points. New York originated about 154,253 loans and Florida about 384,863. By loan type, New York was 89.3% conventional / 8.3% FHA / 2.2% VA, versus 75.3% / 16.3% / 8.2% in Florida. Informational data, not lending advice.
Source: HMDA Data Browser (FFIEC / CFPB). Data as of June 2026.
New York vs Florida side by side
| Indicator | New York | Florida |
|---|---|---|
| Total originations | 154,253 | 384,863 |
| Denial rate | 18.3% | 23.6% |
| Home-purchase denial rate | 13.7% | 18.2% |
| Refinance denial rate | 29.3% | 39.6% |
| Conventional share | 89.3% | 75.3% |
| FHA share | 8.3% | 16.3% |
| VA share | 2.2% | 8.2% |
Verdict
On denial rate alone, an application looks more likely to be approved in New York than Florida by roughly 5.3 points — but that mostly reflects who applies and for what kind of loan, not a promise about your file. Read each state's full profile for context: New York and Florida. To estimate a payment in either, use the mortgage calculator.
Frequently asked questions
Is it harder to get a mortgage in New York or Florida?
By denial rate, Florida turned down a higher share of applications in 2023: 23.6% versus 18.3% in New York, a gap of about 5.3 points. Denial rate reflects the applicant pool and loan mix as much as lender strictness, so it is a signal, not a guarantee about your own application.
Which state originates more mortgages, New York or Florida?
Florida originated more — about 384,863 home-purchase and refinance loans versus 154,253 in New York (HMDA 2023). Volume mostly tracks population and home values.
How do the loan-type mixes compare?
In New York, conventional loans were 89.3%, FHA 8.3% and VA 2.2% of originations; in Florida they were 75.3%, 16.3% and 8.2%. A higher FHA/VA share usually means more first-time, lower-down-payment, or veteran buyers.
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Last updated: 2026-06-20