Mortgage lender · Fairhaven, MA · LEI 54930088NZQ6CDL0WA10

First Citizens' Federal Credit Union review: approval odds, rates and grade (2025)

First Citizens' Federal Credit Union earns a C, in line with the typical performance of small mortgage lenders. It turned down 8.6% of the applications it decided on in 2025, which ranks in the 55th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

205Applications2025
76.6%Originatedof applications
8.6%Decision denial ratenational 22.6%
Median ratenational 6.63%
$34MLoan volume2 states

First Citizens' Federal Credit Union at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

7.3%Denial rate (all applications)-10.66 pts vs national
8.6%Denial rate (decided applications)-13.97 pts vs national
76.6%Origination rate+18.56 pts vs national
14.2%Withdrawn by applicant
1.0%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$115,000Median loan amount
Median total loan costs
$133kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

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%

55th8.6% denied

Processwithdrawn + incomplete share, weight 15%

35th15.1%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20232952367.5%8.5%$37M
202426418911.7%14.0%$32M
20252051577.3%8.6%$34M

What First Citizens' Federal Credit Union 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

Home purchase 50 24% · 0.0% denied
Refinance 14 7% · 0.0% denied
Cash-out refinance 141 69% · 10.6% denied

By loan type

Conventional 205 100% · 7.3% denied

Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 3 investment properties.

Who gets approved at First Citizens' Federal Credit Union

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
$50k – $100k473611.9%
$100k – $150k62454.3%
$150k – $250k65528.6%
Applicant ageApplicationsOriginatedDecision denial rate
25–3421170.0%
35–4450434.4%
45–54523612.2%
55–6439318.8%
65–74342313.8%

Where First Citizens' Federal Credit Union lends

2 states and 6 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Massachusetts2031577.4%#160

Frequently asked questions

First Citizens' Federal Credit Union denied 8.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 55th percentile of small mortgage lenders.

In 2025, 24% of its applications were for home purchases, 76% for refinancing (including cash-out), and 0% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with First Citizens' Federal Credit Union. Data sources · Methodology