First Western Mortgage 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%
68th5.8% deniedPricingmedian rate spread over APOR, weight 30%
79th0.02 ptsProcesswithdrawn + incomplete share, weight 15%
17th21.1%Closing coststotal loan costs ÷ loan amount, weight 10%
75th1.27% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 179 | 133 | 4.5% | 5.2% | 6.50% | $38M |
| 2024 | 241 | 165 | 8.7% | 10.6% | 6.38% | $47M |
| 2025 | 261 | 178 | 4.6% | 5.8% | 6.38% | $52M |
What First Western Mortgage 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, 5 manufactured homes, 29 investment properties.
Why First Western Mortgage denies applications
Primary reason reported for each of the 12 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at First Western Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 29 | 16 | 15.0% |
| $50k – $100k | 65 | 40 | 8.2% |
| $100k – $150k | 69 | 53 | 3.2% |
| $150k – $250k | 61 | 41 | 4.4% |
| Over $250k | 28 | 22 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 68 | 55 | 3.3% |
| 35–44 | 77 | 44 | 10.7% |
| 45–54 | 45 | 32 | 0.0% |
| 55–64 | 31 | 22 | 12.0% |
Where First Western Mortgage lends
6 states and 24 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
First Western Mortgage denied 5.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 68th percentile of small mortgage lenders.
The most common reason First Western Mortgage gave in 2025 was "debt-to-income ratio", cited on 50.0% 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 Western Mortgage originated in 2025 was 6.38%, and its median rate spread over the average prime offer rate was 0.02 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 80% of its applications were for home purchases, 19% for refinancing (including cash-out), and 1% for home improvement or other purposes. By loan type: 77% conventional, 18% FHA, 3% 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.