First World Mortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
82nd3.9% deniedPricingmedian rate spread over APOR, weight 30%
74th0.08 ptsProcesswithdrawn + incomplete share, weight 15%
79th10.7%Closing coststotal loan costs ÷ loan amount, weight 10%
57th2.13% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,987 | 2,537 | 5.5% | 6.0% | 6.13% | $361M |
| 2024 | 2,369 | 2,032 | 4.3% | 4.8% | 6.38% | $382M |
| 2025 | 2,388 | 2,050 | 3.4% | 3.9% | 6.49% | $463M |
What First World 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, 1 reverse mortgages, 0 manufactured homes, 98 investment properties.
Why First World Mortgage denies applications
Primary reason reported for each of the 82 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at First World Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 103 | 79 | 12.2% |
| $50k – $100k | 1,364 | 1,188 | 3.2% |
| $100k – $150k | 590 | 498 | 5.0% |
| $150k – $250k | 203 | 171 | 2.3% |
| Over $250k | 80 | 72 | 2.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 162 | 139 | 4.8% |
| 25–34 | 905 | 794 | 3.3% |
| 35–44 | 628 | 541 | 3.1% |
| 45–54 | 354 | 307 | 3.2% |
| 55–64 | 247 | 196 | 8.0% |
| 65–74 | 68 | 56 | 1.8% |
| Over 74 | 24 | 17 | 15.0% |
Where First World Mortgage lends
5 states and 30 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Connecticut | 2,332 | 2,009 | 3.5% | 6.49% | #11 |
| Massachusetts | 41 | 32 | 2.4% | 6.81% | #346 |
| Florida | 11 | 8 | 0.0% | 6.56% | #906 |
Frequently asked questions
First World Mortgage denied 3.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 82nd percentile of mid-size mortgage lenders.
The most common reason First World Mortgage gave in 2025 was "collateral", cited on 29.3% 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 World Mortgage originated in 2025 was 6.49%, and its median rate spread over the average prime offer rate was 0.08 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 94% of its applications were for home purchases, 6% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 82% conventional, 16% FHA, 2% 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.