First Equity Mortgage Bankers at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
24th19.6% deniedPricingmedian rate spread over APOR, weight 30%
27th0.41 ptsProcesswithdrawn + incomplete share, weight 15%
27th22.1%Closing coststotal loan costs ÷ loan amount, weight 10%
3rd5.58% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,769 | 1,035 | 16.7% | 22.1% | 6.50% | $257M |
| 2024 | 1,706 | 1,010 | 15.7% | 20.9% | 6.75% | $288M |
| 2025 | 1,852 | 1,160 | 15.3% | 19.6% | 6.25% | $326M |
What First Equity Mortgage Bankers 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, 2 reverse mortgages, 1 manufactured homes, 147 investment properties.
Why First Equity Mortgage Bankers denies applications
Primary reason reported for each of the 283 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at First Equity Mortgage Bankers
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 696 | 415 | 26.7% |
| $50k – $100k | 497 | 308 | 19.4% |
| $100k – $150k | 253 | 173 | 12.6% |
| $150k – $250k | 179 | 117 | 12.7% |
| Over $250k | 208 | 135 | 6.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 67 | 43 | 21.8% |
| 25–34 | 596 | 394 | 19.4% |
| 35–44 | 506 | 318 | 19.7% |
| 45–54 | 353 | 204 | 21.2% |
| 55–64 | 220 | 133 | 18.9% |
| 65–74 | 81 | 51 | 16.4% |
| Over 74 | 26 | 15 | 11.8% |
Where First Equity Mortgage Bankers lends
2 states and 105 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Puerto Rico | 1,517 | 922 | 17.7% | 6.00% | #5 |
| Florida | 335 | 238 | 4.5% | 6.75% | #290 |
Frequently asked questions
First Equity Mortgage Bankers denied 19.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 24th percentile of mid-size mortgage lenders.
The most common reason First Equity Mortgage Bankers gave in 2025 was "collateral", cited on 38.9% 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 Equity Mortgage Bankers originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was 0.41 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 88% of its applications were for home purchases, 12% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 42% conventional, 46% FHA, 6% 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.