First Bank · South Carolina · 2025

First Bank in South Carolina: approval rate, denial rate and rates (2025)

First Bank took 178 mortgage applications in South Carolina in 2025, ranking #193 of 1,143 lenders active in the state. It originated 74.2% of them and denied 16.9% (18.3% of the applications it decided), against a statewide denial rate of 18.3%.

178Applicationsin SC
18.3%Decision denial ratestate 23.5%
6.62%Median ratestate 6.50%
$235,000Median loanstate $225,000
$106MVolume29 counties

First Bank in South Carolina vs the state

16.9%Denial rate-1.46 pts vs state
18.3%Decision denial rate-5.18 pts vs state
74.2%Origination rate+17.55 pts vs state
6.62%Median rate+0.12 pts vs state
0.23Rate spread (pts)+0.01 pts vs state
$112kMedian applicant income
132Loans originated
30Denied

Trend in South Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
202324416618.4%7.06%#141
20241389424.6%7.50%#204
202517813216.9%6.62%#193

What First Bank lends in South Carolina

By loan purpose

Home purchase 81 46% · 11.1% denied
Refinance 30 17% · 0.0% denied
Cash-out refinance 3 2% · 0.0% denied
Home improvement 46 26% · 34.8% denied
Other / HELOC 18 10% · 27.8% denied

By loan type

Conventional 167 94% · 16.2% denied
FHA 8 4% · 25.0% denied
USDA / RHS 3 2% · 33.3% denied

Why it denied South Carolina applicants

Debt-to-income ratio 12 40%
Credit history 5 17%
Collateral 4 13%
Incomplete application 4 13%
Other 4 13%
Insufficient cash 1 3%

Where in South Carolina

Counties with the most First Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Anderson County 31263 9.7%
Greenville County 29227 24.1%
Florence County 24165 20.8%
Horry County 1475 35.7%
Chesterfield County 12111 8.3%
Charleston County 861 12.5%
Spartanburg County 541 20.0%
Dillon County 521 20.0%
Darlington County 550 0.0%
Georgetown County 430 0.0%

Other large lenders in South Carolina

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 13,40316.8%6.63%
Vanderbilt Mortgage and FinanceF 12,27240.7%6.50%
United Shore Financial ServicesB 9,23612.8%6.13%
21st MortgageF 6,51048.2%10.41%
Dhi Mortgage CompanyB 6,18417.4%4.99%
Navy Federal Credit UnionD 5,42421.2%7.50%
First-Citizens Bank & TrustB 5,39920.9%6.38%
Freedom MortgageB 5,2967.3%6.25%
Mortgage Research CenterC 5,18919.1%6.25%
Bank of AmericaF 5,00933.1%6.24%

Frequently asked questions

South Carolina: 178 applications in 2025, of which 132 were originated and 30 denied.

16.9% of all applications, or 18.3% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.

The median rate on loans First Bank originated in South Carolina in 2025 was 6.62%, against a statewide median of 6.50%.

About this data. Figures are First Bank's own HMDA filing for properties located in South Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology