First Reliance Bank · West Virginia · 2025

First Reliance Bank in West Virginia: approval rate, denial rate and rates (2025)

First Reliance Bank took 43 mortgage applications in West Virginia in 2025, ranking #144 of 565 lenders active in the state. It originated 53.5% of them and denied 30.2% (36.1% of the applications it decided), against a statewide denial rate of 21.2%.

43Applicationsin WV
36.1%Decision denial ratestate 26.7%
6.38%Median ratestate 6.62%
$145,000Median loanstate $145,000
$4.2MVolume14 counties

First Reliance Bank in West Virginia vs the state

30.2%Denial rate+9.04 pts vs state
36.1%Decision denial rate+9.45 pts vs state
53.5%Origination rate-1.30 pts vs state
6.38%Median rate-0.25 pts vs state
0.46Rate spread (pts)+0.06 pts vs state
$82kMedian applicant income
23Loans originated
13Denied

Trend in West Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
202316136.3%6.50%#197
2024332515.2%6.38%#163
2025432330.2%6.38%#144

What First Reliance Bank lends in West Virginia

By loan purpose

Home purchase 37 86% · 27.0% denied
Cash-out refinance 6 14% · 50.0% denied

By loan type

Conventional 20 47% · 25.0% denied
FHA 11 26% · 54.6% denied
VA 5 12% · 20.0% denied
USDA / RHS 7 16% · 14.3% denied

Why it denied West Virginia applicants

Credit history 5 38%
Collateral 4 31%
Debt-to-income ratio 1 8%
Unverifiable information 1 8%
Other 1 8%
Insufficient cash 1 8%

Where in West Virginia

Counties with the most First Reliance Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Nicholas County 1024 40.0%
Raleigh County 843 37.5%
Upshur County 743 42.9%
Mercer County 521 20.0%
Wyoming County 220 0.0%
Fayette County 220 0.0%
Randolph County 211 50.0%
Taylor County 110 0.0%
Logan County 110 0.0%
Marion County 110 0.0%

Other large lenders in West Virginia

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 3,61523.0%6.88%
Vanderbilt Mortgage and FinanceF 3,21438.5%9.99%
City National Bank of West VirginiaC 2,87025.0%6.29%
The Huntington National BankD 2,19428.1%7.00%
Truist BankC 1,77631.1%6.63%
Loandepot.ComD 1,62418.7%6.58%
Mortgage Research CenterC 1,59217.4%6.25%
WesBanco BankB 1,47516.7%6.01%
Movement MortgageA 1,1675.4%6.63%
Crosscountry MortgageB 1,1404.0%6.58%

Frequently asked questions

West Virginia: 43 applications in 2025, of which 23 were originated and 13 denied.

30.2% of all applications, or 36.1% of the applications it actually decided on. The West Virginia statewide average across all lenders was 21.2%.

The median rate on loans First Reliance Bank originated in West Virginia in 2025 was 6.38%, against a statewide median of 6.62%.

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