1st Financial at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
50th9.7% deniedPricingmedian rate spread over APOR, weight 30%
14th0.86 ptsProcesswithdrawn + incomplete share, weight 15%
7th28.6%Closing coststotal loan costs ÷ loan amount, weight 10%
13th3.40% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 684 | 399 | 8.8% | 12.1% | 7.00% | $161M |
| 2024 | 676 | 359 | 10.8% | 15.2% | 7.00% | $148M |
| 2025 | 419 | 248 | 6.9% | 9.7% | 6.99% | $106M |
What 1st Financial lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 46 investment properties.
Why 1st Financial denies applications
Primary reason reported for each of the 29 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at 1st Financial
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 103 | 56 | 7.5% |
| $100k – $150k | 120 | 79 | 11.8% |
| $150k – $250k | 114 | 66 | 9.9% |
| Over $250k | 50 | 29 | 2.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 93 | 60 | 10.1% |
| 35–44 | 131 | 73 | 5.7% |
| 45–54 | 100 | 59 | 12.3% |
| 55–64 | 55 | 33 | 14.6% |
Where 1st Financial lends
8 states and 56 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 310 | 207 | 7.4% | 6.99% | #300 |
| Maryland | 86 | 32 | 5.8% | 6.81% | #253 |
| Virginia | 8 | 3 | 0.0% | 6.63% | #600 |
| Texas | 6 | 5 | 0.0% | 6.99% | #1,044 |
| District of Columbia | 5 | 1 | 20.0% | 7.13% | #243 |
Frequently asked questions
1st Financial denied 9.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 50th percentile of small mortgage lenders.
The most common reason 1st Financial gave in 2025 was "other", cited on 48.3% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans 1st Financial originated in 2025 was 6.99%, and its median rate spread over the average prime offer rate was 0.86 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 81% of its applications were for home purchases, 19% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 68% conventional, 30% FHA, 1% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.