First Option Mortgage · Louisiana · 2025

First Option Mortgage in Louisiana: approval rate, denial rate and rates (2025)

First Option Mortgage took 116 mortgage applications in Louisiana in 2025, ranking #165 of 721 lenders active in the state. It originated 65.5% of them and denied 1.7% (2.3% of the applications it decided), against a statewide denial rate of 22.2%.

116Applicationsin LA
2.3%Decision denial ratestate 28.2%
6.75%Median ratestate 6.63%
$230,000Median loanstate $165,000
$19MVolume9 counties

First Option Mortgage in Louisiana vs the state

1.7%Denial rate-20.45 pts vs state
2.3%Decision denial rate-25.90 pts vs state
65.5%Origination rate+13.55 pts vs state
6.75%Median rate+0.13 pts vs state
0.54Rate spread (pts)+0.18 pts vs state
$98kMedian applicant income
76Loans originated
2Denied

Trend in Louisiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
202365450.0%7.00%#210
202462500.0%7.13%#210
2025116761.7%6.75%#165

What First Option Mortgage lends in Louisiana

By loan purpose

Home purchase 108 93% · 0.9% denied
Refinance 4 3% · 0.0% denied
Cash-out refinance 4 3% · 25.0% denied

By loan type

Conventional 66 57% · 1.5% denied
FHA 40 34% · 2.5% denied
VA 4 3% · 0.0% denied
USDA / RHS 6 5% · 0.0% denied

Why it denied Louisiana applicants

Debt-to-income ratio 1 50%
Unverifiable information 1 50%

Where in Louisiana

Counties with the most First Option Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
East Baton Rouge Parish 59381 1.7%
Livingston Parish 16140 0.0%
St. Tammany Parish 1490 0.0%
Ascension Parish 1070 0.0%
Jefferson Parish 640 0.0%
Caddo Parish 401 25.0%
Iberville Parish 420 0.0%
Orleans Parish 210 0.0%
West Baton Rouge Parish 110 0.0%

Other large lenders in Louisiana

LenderGradeApplicationsDenial rateMedian rate
21st MortgageF 7,05749.0%10.10%
United Shore Financial ServicesB 6,26413.1%6.38%
Rocket MortgageC 5,77025.9%6.63%
Vanderbilt Mortgage and FinanceF 4,37045.6%10.50%
Triad Financial ServicesD 3,86749.7%8.73%
Hancock Whitney BankB 3,53621.7%6.00%
Regions BankC 3,35645.8%6.00%
GMFSA 3,0722.0%6.50%
NewrezD 2,66421.1%6.50%
Dsld MortgageA 2,5456.3%6.13%

Frequently asked questions

Louisiana: 116 applications in 2025, of which 76 were originated and 2 denied.

1.7% of all applications, or 2.3% of the applications it actually decided on. The Louisiana statewide average across all lenders was 22.2%.

The median rate on loans First Option Mortgage originated in Louisiana in 2025 was 6.75%, against a statewide median of 6.63%.

About this data. Figures are First Option Mortgage's own HMDA filing for properties located in Louisiana, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology