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 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%
26th17.0% deniedProcesswithdrawn + incomplete share, weight 15%
62nd9.2%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 524 | 350 | 19.1% | 21.6% | — | $65M |
| 2024 | 462 | 311 | 19.1% | 21.0% | — | $73M |
| 2025 | 499 | 350 | 15.4% | 17.0% | — | $77M |
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: 0 home-equity lines, 0 reverse mortgages, 11 manufactured homes, 128 investment properties.
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 |
|---|---|---|---|
| Under $50k | 57 | 25 | 42.6% |
| $50k – $100k | 145 | 96 | 18.8% |
| $100k – $150k | 80 | 57 | 19.2% |
| $150k – $250k | 72 | 52 | 13.9% |
| Over $250k | 36 | 27 | 6.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 24 | 13 | 25.0% |
| 35–44 | 63 | 36 | 33.9% |
| 45–54 | 87 | 64 | 16.7% |
| 55–64 | 86 | 55 | 21.8% |
| 65–74 | 85 | 61 | 14.5% |
| Over 74 | 52 | 31 | 20.0% |
Where First Bank lends
3 states and 62 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Virginia | 488 | 347 | 15.6% | — | #115 |
| North Carolina | 6 | 3 | 0.0% | — | #715 |
| West Virginia | 5 | 0 | 20.0% | — | #312 |
Frequently asked questions
First Bank denied 17.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 26th percentile of small mortgage lenders.
In 2025, 23% of its applications were for home purchases, 23% for refinancing (including cash-out), and 54% 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.