1st Signature Lending at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
62nd6.8% deniedPricingmedian rate spread over APOR, weight 30%
41st0.30 ptsProcesswithdrawn + incomplete share, weight 15%
7th32.4%Closing coststotal loan costs ÷ loan amount, weight 10%
2nd6.06% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,216 | 756 | 10.5% | 14.5% | 6.88% | $189M |
| 2024 | 1,302 | 839 | 7.3% | 10.2% | 6.50% | $227M |
| 2025 | 1,564 | 986 | 4.6% | 6.8% | 5.88% | $264M |
What 1st Signature Lending 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, 1,261 manufactured homes, 1 investment properties.
Why 1st Signature Lending denies applications
Primary reason reported for each of the 72 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at 1st Signature Lending
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 188 | 99 | 15.4% |
| $50k – $100k | 947 | 607 | 5.6% |
| $100k – $150k | 313 | 207 | 5.5% |
| $150k – $250k | 101 | 64 | 7.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 128 | 69 | 10.4% |
| 25–34 | 483 | 300 | 6.3% |
| 35–44 | 390 | 250 | 7.8% |
| 45–54 | 262 | 167 | 8.2% |
| 55–64 | 185 | 128 | 3.8% |
| 65–74 | 90 | 59 | 4.8% |
| Over 74 | 26 | 13 | 0.0% |
Where 1st Signature Lending lends
17 states and 10 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| South Carolina | 321 | 191 | 5.3% | 5.88% | #133 |
| North Carolina | 308 | 197 | 3.3% | 5.88% | #193 |
| Florida | 220 | 133 | 3.2% | 5.88% | #353 |
| Tennessee | 177 | 132 | 3.4% | 6.00% | #232 |
| Georgia | 129 | 70 | 8.5% | 5.88% | #301 |
| Kentucky | 80 | 57 | 1.3% | 5.88% | #225 |
| Texas | 76 | 51 | 4.0% | 5.88% | #618 |
| Indiana | 67 | 41 | 9.0% | 5.88% | #317 |
| Alabama | 48 | 28 | 6.3% | 5.88% | #318 |
| Ohio | 45 | 36 | 4.4% | 5.88% | #418 |
| Virginia | 37 | 22 | 8.1% | 6.00% | #416 |
| Oklahoma | 19 | 9 | 5.3% | 5.88% | #336 |
| Mississippi | 13 | 2 | 0.0% | 5.75% | #272 |
| Pennsylvania | 13 | 10 | 7.7% | 5.88% | #648 |
| West Virginia | 7 | 3 | 14.3% | 5.88% | #292 |
Frequently asked questions
1st Signature Lending denied 6.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 62nd percentile of mid-size mortgage lenders.
The most common reason 1st Signature Lending gave in 2025 was "debt-to-income ratio", cited on 27.8% 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 Signature Lending originated in 2025 was 5.88%, and its median rate spread over the average prime offer rate was 0.30 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 94% of its applications were for home purchases, 6% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 3% conventional, 73% FHA, 19% 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.