Mortgage lender · Dyersburg, TN · LEI 549300RZFHIGIM84KN09

First Citizens National Bank review: approval odds, rates and grade (2025)

First Citizens National Bank earns a C, in line with the typical performance of small mortgage lenders. It turned down 18.8% of the applications it decided on in 2025, which ranks in the 22nd percentile for approval odds. Its median loan was priced 0.19 points above the average prime offer rate, ranking in the 60th percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

941Applications2025
67.7%Originatedof applications
18.8%Decision denial ratenational 22.6%
6.99%Median ratenational 6.63%
$163MLoan volume9 states

First Citizens National Bank at a glance, 2025

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

16.6%Denial rate (all applications)-1.40 pts vs national
18.8%Denial rate (decided applications)-3.84 pts vs national
67.7%Origination rate+9.66 pts vs national
11.5%Withdrawn by applicant
0.1%Closed for incompleteness
6.99%Median interest rate+0.37 pts vs national
0.19Median rate spread (pts over APOR)-0.06 pts vs national
$175,000Median loan amount
$3,608Median total loan costs
$96kMedian applicant income
75%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%

22nd18.8% denied

Pricingmedian rate spread over APOR, weight 30%

60th0.19 pts

Processwithdrawn + incomplete share, weight 15%

50th11.6%

Closing coststotal loan costs ÷ loan amount, weight 10%

44th2.06% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202396065013.9%16.4%7.13%$181M
20241,04771816.0%18.0%7.15%$190M
202594163716.6%18.8%6.99%$163M

What First Citizens National 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

Home purchase 430 46% · 7.9% denied
Refinance 180 19% · 15.6% denied
Cash-out refinance 42 4% · 26.2% denied
Home improvement 92 10% · 10.9% denied
Other / HELOC 197 21% · 37.1% denied

By loan type

Conventional 812 86% · 16.9% denied
FHA 77 8% · 16.9% denied
VA 18 2% · 16.7% denied
USDA / RHS 34 4% · 8.8% denied

Also: 262 home-equity lines, 0 reverse mortgages, 3 manufactured homes, 149 investment properties.

Why First Citizens National Bank denies applications

Primary reason reported for each of the 156 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 68 44%
Credit history 61 39%
Other 12 8%
Collateral 8 5%
Employment history 3 2%
Unverifiable information 2 1%
Incomplete application 1 1%
Insufficient cash 1 1%

How these reasons compare nationally →

Who gets approved at First Citizens National Bank

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

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k1206238.3%
$50k – $100k32821621.0%
$100k – $150k16912512.0%
$150k – $250k1309318.0%
Over $250k937711.4%
Applicant ageApplicationsOriginatedDecision denial rate
Under 25704914.5%
25–341399123.2%
35–4415610921.4%
45–5418412422.9%
55–6417912119.5%
65–74926513.3%
Over 74463314.3%

Where First Citizens National Bank lends

9 states and 63 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Tennessee90160617.0%6.99%#71
Georgia131015.4%6.95%#628
Mississippi970.0%6.90%#288
Alabama870.0%6.90%#505

Frequently asked questions

First Citizens National Bank denied 18.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 22nd percentile of small mortgage lenders.

The most common reason First Citizens National Bank gave in 2025 was "debt-to-income ratio", cited on 43.6% 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 Citizens National Bank originated in 2025 was 6.99%, and its median rate spread over the average prime offer rate was 0.19 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 46% of its applications were for home purchases, 24% for refinancing (including cash-out), and 31% for home improvement or other purposes. By loan type: 86% conventional, 8% FHA, 2% 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 National Bank. Data sources · Methodology