St. Petersburg-Clearwater-Largo Mortgage Lending in 2025

Explore mortgage lending activity in St. Petersburg-Clearwater-Largo (MSA/MD Code 41304) using official HMDA public records. Review underwriting outcomes, borrower characteristics, and regional lending benchmarks.

Source: Federal Financial Institutions Examination Council (FFIEC) / Consumer Financial Protection Bureau (CFPB) • Dataset: 2025 Snapshot National Loan-Level Dataset • Updated: June 2, 2026 • Methodology →
Metropolitan Area 41304
10,761 Loans Originated
• Primary State: Florida (FL)
• $4.36 Billion Originated Volume
• $345,000 Median Loan
Actionable Applications 13,757 +2.83% vs 2024
Approval Rate 81.51% +0.63 pp vs 2024
Denial Rate 18.49% -0.63 pp vs 2024
Loan Originations 10,761 +4.49% vs 2024
Originated Volume $4.36 Billion +7.40% vs 2024

Credit Decision Outcomes (2025)

Outcomes for 13,757 actionable applications (Actions 1, 2, and 3).

81.51%
18.49%
11,213 approved 2,544 denied
Action 1: Originated
10,761 (78.22%)
Action 2: Approved not accepted
452 (3.29%)
Action 3: Denied
2,544 (18.49%)
Action 4: Withdrawn (not in denominator)
3,673 —
Action 5: Incomplete (not in denominator)
1,028 —
How to read this: Approval rate uses Actions 1, 2, and 3. Actions 4 and 5 are excluded from the credit decision denominator. Read the full methodology →

How St. Petersburg-Clearwater-Largo Compares

Metro vs. State Baseline (2025)

Metric St. Petersburg-Clearwater-Largo Florida
Actionable Apps 13,757 399,809
Approval Rate 81.51% 78.90%
Denial Rate 18.49% 21.10%
Originations 10,761 301,023
Originated Volume $4.36 Billion $118.41 Billion
Median Loan $345,000 $335,000
Compared against Florida statewide baseline in 2025.

Lending Trends in St. Petersburg-Clearwater-Largo

Year-over-year shifts: 2025 vs. 2024

Metric 2024 2025 Change
Consumer Universe 18,016 18,458 +2.45%
Actionable Apps 13,379 13,757 +2.83%
Originations 10,299 10,761 +4.49%
Approval Rate 80.88% 81.51% +0.63 pp
Denial Rate 19.12% 18.49% -0.63 pp
Median Loan $345,000 $345,000 0.00%
Dollar Volume $4.06 Billion $4.36 Billion +7.40%

Applications by Borrower Income (St. Petersburg-Clearwater-Largo)

Approval and denial rates across gross annual income tiers (2025)

Income Bracket Apps Approval % Denial %
$100k–$149,999 3,110 86.11% 13.89%
$150k+ 4,415 89.29% 10.71%
$50k–$99,999 4,428 79.16% 20.84%
<$50k 1,046 48.66% 51.34%
Income unavailable/entity 758 76.39% 23.61%
Gross annual borrower income relied upon during credit underwriting. Descriptive figures only; does not establish causation.

Geographic Market Context

Regional integration within Florida (2025)

Official Geographic Designation: Metropolitan Statistical Area / Division 41304, anchored in Florida (FL).
Metro Share of State Apps 3.44%
Metro Share of State Volume 3.68%
Geographic Notice: OpenFileData reports verified OMB-designated metropolitan boundaries. Detailed county-level vector choropleths are omitted unless authoritative polygon geometries and county-level consumer records are officially available, preventing data fabrication.

Parent State Association

Explore Florida statewide mortgage activity

St. Petersburg-Clearwater-Largo is part of OpenFileData’s statewide coverage of Florida. View statewide approval benchmarks, metropolitan rankings, and institution profiles across all reporting jurisdictions.

Florida Statewide Overview Active Profile
Statewide Actionable Applications: 399,809
Explore Florida State Profile →

Methodology

Learn how HMDA credit outcomes, action codes, and consumer filters are computed.

Read Methodology →

Florida Profile

Compare all metropolitan areas located in Florida.

View State Page →

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Methodology & Disclosures

Credit Decision Denominator Rule: Approval and denial rates are calculated strictly among actionable applications reaching a formal credit underwriting decision (Actions 1, 2, and 3: loan originated, approved but not accepted, denied). Applications withdrawn by borrower (Action 4) and closed for incompleteness (Action 5) are tracked in the broader Consumer Mortgage Universe for market completeness but excluded from credit decision rates as no underwriting decision occurred.

Official Data Source & Freeze Date: Official Home Mortgage Disclosure Act (HMDA) records published by the Federal Financial Institutions Examination Council (FFIEC) and Consumer Financial Protection Bureau (CFPB). Primary analysis uses the 2025 Snapshot National Loan-Level Dataset (frozen June 2, 2026); historical baseline uses the 2024 One-Year National Loan-Level Dataset (frozen June 2, 2026).

Public Interest Commitment: OpenFileData does not sell mortgage leads, lender placements, paid rankings, or individualized mortgage recommendations.

For complete technical formulas, SQL implementations, and data definitions, read the full Mortgage Lending Methodology Specification.