First American Bank 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 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
24th33.0% deniedPricingmedian rate spread over APOR, weight 30%
48th0.18 ptsProcesswithdrawn + incomplete share, weight 15%
58th11.1%Closing coststotal loan costs ÷ loan amount, weight 10%
56th2.92% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 4,326 | 2,378 | 30.5% | 34.9% | 8.25% | $388M |
| 2024 | 4,747 | 2,598 | 31.5% | 35.9% | 8.24% | $438M |
| 2025 | 4,458 | 2,588 | 29.3% | 33.0% | 7.00% | $518M |
What First American Bank 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: 3,291 home-equity lines, 0 reverse mortgages, 7 manufactured homes, 207 investment properties.
Why First American Bank denies applications
Primary reason reported for each of the 1,308 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at First American Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 467 | 159 | 60.7% |
| $50k – $100k | 1,176 | 610 | 40.6% |
| $100k – $150k | 1,028 | 582 | 33.6% |
| $150k – $250k | 957 | 695 | 18.4% |
| Over $250k | 690 | 463 | 20.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 26 | 12 | 36.8% |
| 25–34 | 260 | 140 | 31.3% |
| 35–44 | 809 | 457 | 36.4% |
| 45–54 | 1,177 | 691 | 33.9% |
| 55–64 | 1,152 | 679 | 33.2% |
| 65–74 | 682 | 393 | 30.7% |
| Over 74 | 297 | 169 | 30.7% |
Where First American Bank lends
33 states and 235 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Illinois | 3,511 | 2,072 | 28.3% | 7.00% | #27 |
| Florida | 443 | 246 | 33.2% | 7.00% | #256 |
| Wisconsin | 254 | 139 | 31.9% | 7.13% | #131 |
| Indiana | 43 | 23 | 34.9% | 7.25% | #366 |
| California | 30 | 16 | 40.0% | 7.50% | #595 |
| Georgia | 18 | 10 | 33.3% | 7.50% | #586 |
| Minnesota | 17 | 9 | 41.2% | 7.50% | #405 |
| Michigan | 16 | 9 | 31.3% | 7.50% | #471 |
| Tennessee | 16 | 6 | 56.3% | 7.25% | #572 |
| Colorado | 14 | 9 | 21.4% | 7.50% | #461 |
| South Carolina | 12 | 6 | 33.3% | 7.25% | #513 |
| Arizona | 11 | 9 | 18.2% | 7.25% | #501 |
| Pennsylvania | 9 | 1 | 66.7% | 8.75% | #697 |
| Ohio | 7 | 4 | 28.6% | 7.56% | #670 |
| Missouri | 6 | 1 | 66.7% | 8.49% | #556 |
| New Jersey | 6 | 2 | 50.0% | 7.62% | #576 |
| Washington | 6 | 3 | 33.3% | 7.25% | #511 |
| North Carolina | 5 | 4 | 0.0% | 7.37% | #752 |
Frequently asked questions
First American Bank denied 33.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 24th percentile of home-equity (HELOC) lenders.
The most common reason First American Bank gave in 2025 was "debt-to-income ratio", cited on 65.9% 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 First American Bank originated in 2025 was 7.00%, and its median rate spread over the average prime offer rate was 0.18 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 12% of its applications were for home purchases, 32% for refinancing (including cash-out), and 56% for home improvement or other purposes. By loan type: 99% conventional, 1% FHA, 0% 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.