First Option Bank 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%
51st9.6% deniedProcesswithdrawn + incomplete share, weight 15%
91st1.7%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 192 | 167 | 8.3% | 8.5% | — | $58M |
| 2024 | 206 | 159 | 10.2% | 10.5% | — | $45M |
| 2025 | 180 | 136 | 9.4% | 9.6% | — | $39M |
What First Option 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
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 7 manufactured homes, 28 investment properties.
Who gets approved at First Option Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 50 | 33 | 20.0% |
| $100k – $150k | 37 | 28 | 2.9% |
| $150k – $250k | 40 | 31 | 5.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 33 | 22 | 12.5% |
| 35–44 | 36 | 26 | 11.1% |
| 45–54 | 30 | 26 | 3.3% |
| 55–64 | 30 | 19 | 20.7% |
| 65–74 | 20 | 15 | 5.3% |
Where First Option Bank lends
5 states and 23 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
First Option Bank denied 9.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 51st percentile of small mortgage lenders.
In 2025, 49% of its applications were for home purchases, 42% for refinancing (including cash-out), and 8% 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.