First Bank Richmond 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 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%
34th13.7% deniedProcesswithdrawn + incomplete share, weight 15%
55th10.5%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 403 | 297 | 11.7% | 11.7% | 6.68% | $47M |
| 2024 | 328 | 229 | 13.7% | 13.7% | — | $43M |
| 2025 | 294 | 203 | 12.2% | 13.7% | — | $42M |
What First Bank Richmond 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, 6 manufactured homes, 44 investment properties.
Why First Bank Richmond denies applications
Primary reason reported for each of the 36 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at First Bank Richmond
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 61 | 40 | 21.8% |
| $50k – $100k | 102 | 64 | 18.7% |
| $100k – $150k | 43 | 30 | 2.8% |
| $150k – $250k | 32 | 25 | 3.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 21 | 14 | 11.1% |
| 25–34 | 58 | 40 | 16.4% |
| 35–44 | 46 | 32 | 10.3% |
| 45–54 | 42 | 26 | 20.0% |
| 55–64 | 56 | 36 | 15.4% |
| 65–74 | 32 | 23 | 16.7% |
Where First Bank Richmond lends
6 states and 31 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
First Bank Richmond denied 13.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 34th percentile of small mortgage lenders.
The most common reason First Bank Richmond gave in 2025 was "credit history", cited on 36.1% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
In 2025, 61% of its applications were for home purchases, 24% for refinancing (including cash-out), and 16% for home improvement or other purposes. By loan type: 100% conventional, 0% 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.