First South Farm Credit, ACA at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C 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%
56th8.4% deniedPricingmedian rate spread over APOR, weight 30%
6th1.40 ptsProcesswithdrawn + incomplete share, weight 15%
45th12.5%Closing coststotal loan costs ÷ loan amount, weight 10%
79th1.17% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 87 | 62 | 11.5% | 13.9% | 8.42% | $15M |
| 2024 | 101 | 77 | 13.9% | 15.4% | 8.00% | $22M |
| 2025 | 136 | 109 | 7.4% | 8.4% | 7.59% | $38M |
What First South Farm Credit, ACA 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, 11 manufactured homes, 4 investment properties.
Why First South Farm Credit, ACA denies applications
Primary reason reported for each of the 10 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at First South Farm Credit, ACA
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $100k – $150k | 26 | 20 | 4.8% |
| $150k – $250k | 31 | 27 | 3.6% |
| Over $250k | 44 | 41 | 2.4% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 22 | 14 | 17.7% |
| 35–44 | 30 | 24 | 7.7% |
| 45–54 | 33 | 27 | 6.9% |
| 55–64 | 29 | 23 | 8.0% |
Where First South Farm Credit, ACA lends
4 states and 73 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Alabama | 104 | 79 | 9.6% | 7.63% | #226 |
| Mississippi | 20 | 18 | 0.0% | 7.55% | #241 |
| Louisiana | 11 | 11 | 0.0% | 7.42% | #367 |
Frequently asked questions
First South Farm Credit, ACA denied 8.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 56th percentile of small mortgage lenders.
The most common reason First South Farm Credit, ACA gave in 2025 was "credit history", cited on 40.0% 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 South Farm Credit, ACA originated in 2025 was 7.59%, and its median rate spread over the average prime offer rate was 1.40 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 46% of its applications were for home purchases, 48% for refinancing (including cash-out), and 6% 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.