Mortgage lender · San Diego, CA · LEI 549300LHJR6FIWIU8E25

First Nations Home Finance review: approval odds, rates and grade (2025)

First Nations Home Finance earns a B, better than most small mortgage lenders. It turned down 13.3% of the applications it decided on in 2025, which ranks in the 35th percentile for approval odds. Its median loan was priced 0.07 points above the average prime offer rate, ranking in the 74th percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

234Applications2025
67.1%Originatedof applications
13.3%Decision denial ratenational 22.6%
6.50%Median ratenational 6.63%
$54MLoan volume4 states

First Nations Home Finance at a glance, 2025

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

12.0%Denial rate (all applications)-6.01 pts vs national
13.3%Denial rate (decided applications)-9.32 pts vs national
67.1%Origination rate+9.06 pts vs national
9.8%Withdrawn by applicant
0.0%Closed for incompleteness
6.50%Median interest rate-0.13 pts vs national
0.07Median rate spread (pts over APOR)-0.18 pts vs national
$305,000Median loan amount
$6,449Median total loan costs
$106kMedian applicant income
90%Median loan-to-value
0High-cost (HOEPA) loans

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%

35th13.3% denied

Pricingmedian rate spread over APOR, weight 30%

74th0.07 pts

Processwithdrawn + incomplete share, weight 15%

58th9.8%

Closing coststotal loan costs ÷ loan amount, weight 10%

42nd2.11% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20232862008.7%10.1%6.63%$66M
20242341689.0%10.1%6.63%$60M
202523415712.0%13.3%6.50%$54M

What First Nations Home Finance 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 200 85% · 10.0% denied
Refinance 6 3% · 16.7% denied
Cash-out refinance 28 12% · 25.0% denied

By loan type

Conventional 146 62% · 9.6% denied
FHA 32 14% · 12.5% denied
VA 23 10% · 17.4% denied
USDA / RHS 33 14% · 18.2% denied

Also: 0 home-equity lines, 0 reverse mortgages, 8 manufactured homes, 25 investment properties.

Why First Nations Home Finance denies applications

Primary reason reported for each of the 28 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 15 54%
Collateral 9 32%
Other 1 4%
Insufficient cash 1 4%
Incomplete application 1 4%
Credit history 1 4%

How these reasons compare nationally →

Who gets approved at First Nations Home Finance

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

Applicant incomeApplicationsOriginatedDecision denial rate
$50k – $100k845319.7%
$100k – $150k684311.9%
$150k – $250k42347.9%
Over $250k201110.5%
Applicant ageApplicationsOriginatedDecision denial rate
25–34433212.2%
35–44694714.5%
45–5449334.8%
55–64221319.1%
65–74342013.8%

Where First Nations Home Finance lends

4 states and 18 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
California22515112.0%6.50%#349
Arizona750.0%6.50%#560

Frequently asked questions

First Nations Home Finance denied 13.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 35th percentile of small mortgage lenders.

The most common reason First Nations Home Finance gave in 2025 was "debt-to-income ratio", cited on 53.6% 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 Nations Home Finance originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was 0.07 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 85% of its applications were for home purchases, 15% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 62% conventional, 14% FHA, 10% 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 Nations Home Finance. Data sources · Methodology