First Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A 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%
89th2.0% deniedPricingmedian rate spread over APOR, weight 30%
57th0.22 ptsProcesswithdrawn + incomplete share, weight 15%
87th2.7%Closing coststotal loan costs ÷ loan amount, weight 10%
24th2.77% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,106 | 886 | 1.7% | 1.8% | 6.88% | $306M |
| 2024 | 972 | 802 | 2.1% | 2.1% | 6.88% | $312M |
| 2025 | 783 | 620 | 1.9% | 2.0% | 6.75% | $241M |
What First 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: 5 home-equity lines, 0 reverse mortgages, 6 manufactured homes, 187 investment properties.
Why First Bank denies applications
Primary reason reported for each of the 15 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at First Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 126 | 97 | 2.4% |
| $100k – $150k | 153 | 118 | 4.0% |
| $150k – $250k | 182 | 134 | 1.1% |
| Over $250k | 145 | 109 | 1.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 159 | 120 | 3.8% |
| 35–44 | 164 | 122 | 1.3% |
| 45–54 | 162 | 124 | 3.2% |
| 55–64 | 103 | 79 | 2.0% |
| 65–74 | 48 | 36 | 0.0% |
Where First Bank lends
17 states and 76 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 759 | 603 | 2.0% | 6.75% | #199 |
| North Carolina | 5 | 2 | 0.0% | 6.44% | #743 |
Frequently asked questions
First Bank denied 2.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 89th percentile of small mortgage lenders.
The most common reason First Bank gave in 2025 was "debt-to-income ratio", cited on 40.0% 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 Bank originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.22 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 73% of its applications were for home purchases, 23% for refinancing (including cash-out), and 4% for home improvement or other purposes. By loan type: 75% conventional, 15% FHA, 10% 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.