We Florida Financial Mortgage Rates, Fees & Info
Margate, FLLEI: 254900XS6ZEOAD9Q6N72
Tax ID: 59-0709646
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Mortgage Data
Review & Overview
We Florida Financial is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Their top markets by origination volume include: Miami, Port St. Lucie, Tampa, Orlando, and Lakeland among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)We Florida Financial has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/5/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
We Florida Financial Mortgage Calculator
Your Estimates
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This is not an official calculator from We Florida Financial. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
170Origination Dollar Volume (All Markets)
$17,980,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 161 | $16,705,000 | $103,758 | $0 | 8.54% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $0 | 8.44% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 9.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.50% |
| OCALA, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against We Florida Financial based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 170 | $17,980,000 | $105,765 | n/a | 8.55% |
For 2024, We Florida Financial's most frequently originated type of loan was HELOC, with 170 originations.
Loan Reason
For 2024, We Florida Financial's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Cash Out Refi, with 48 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 170 | $17,980,000 | $105,765 | $0 | 8.55% |
For 2024, We Florida Financial's most frequently cited loan duration was 20 Year, with 170 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 141 | $14,005,000 | $99,326 |
| 7-8% | 29 | $3,975,000 | $137,069 |
During 2024, We Florida Financial's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 141 originations.
Loan Sizing
2024 saw We Florida Financial place emphasis on $100,000 or less loans with 84 originations, totaling $4,610,000 in origination value.
Applicant Income
We Florida Financial lent most frequently to those with incomes in the $100k-150k range, with 47 originations. The second most popular income band? $150k-250k, with 30 originations.
Applicant Debt to Income Ratio
We Florida Financial lent most frequently to those with DTI ratios of 30-36%, with 44 originations. The next most common DTI ratio? 20-30%, with 39 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.81%
We Florida Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination78.82%
We Florida Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 170 | $17,980,000 | $105,765 |