First IC at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B 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%
80th3.7% deniedProcesswithdrawn + incomplete share, weight 15%
26th17.4%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 229 | 170 | 1.8% | 2.3% | — | $70M |
| 2024 | 108 | 87 | 3.7% | 4.4% | — | $33M |
| 2025 | 132 | 105 | 3.0% | 3.7% | — | $39M |
What First IC 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, 0 manufactured homes, 43 investment properties.
Who gets approved at First IC
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 22 | 14 | 6.7% |
| $100k – $150k | 65 | 54 | 1.8% |
| $150k – $250k | 36 | 28 | 6.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 22 | 17 | 0.0% |
| 35–44 | 47 | 37 | 5.1% |
| 45–54 | 39 | 32 | 3.0% |
Where First IC lends
19 states and 53 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Georgia | 74 | 61 | 0.0% | — | #384 |
| New York | 18 | 16 | 5.6% | — | #416 |
| Ohio | 7 | 6 | 14.3% | — | #659 |
| North Carolina | 5 | 3 | 0.0% | — | #728 |
Frequently asked questions
First IC denied 3.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 80th percentile of small mortgage lenders.
In 2025, 92% of its applications were for home purchases, 8% 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.