FirstBank 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 101 large mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
16th42.8% deniedPricingmedian rate spread over APOR, weight 30%
56th0.29 ptsProcesswithdrawn + incomplete share, weight 15%
96th4.6%Closing coststotal loan costs ÷ loan amount, weight 10%
14th3.82% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 19,523 | 6,396 | 45.1% | 48.7% | 7.13% | $1.7B |
| 2024 | 20,089 | 6,420 | 45.4% | 48.7% | 6.99% | $1.8B |
| 2025 | 17,631 | 7,185 | 40.8% | 42.8% | 6.88% | $2.2B |
What FirstBank 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: 1,578 home-equity lines, 0 reverse mortgages, 10,287 manufactured homes, 1,196 investment properties.
Why FirstBank denies applications
Primary reason reported for each of the 7,193 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at FirstBank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 4,277 | 810 | 64.8% |
| $50k – $100k | 7,168 | 2,471 | 46.8% |
| $100k – $150k | 2,878 | 1,471 | 31.3% |
| $150k – $250k | 1,724 | 1,149 | 18.3% |
| Over $250k | 1,070 | 834 | 9.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 1,747 | 516 | 51.3% |
| 25–34 | 4,852 | 1,781 | 48.1% |
| 35–44 | 3,851 | 1,528 | 45.6% |
| 45–54 | 2,858 | 1,219 | 41.1% |
| 55–64 | 2,245 | 984 | 36.7% |
| 65–74 | 1,256 | 594 | 31.9% |
| Over 74 | 444 | 213 | 33.0% |
Where FirstBank lends
34 states and 784 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Tennessee | 5,677 | 4,089 | 14.5% | 6.88% | #6 |
| Alabama | 3,190 | 1,712 | 27.0% | 6.63% | #13 |
| Texas | 1,942 | 159 | 71.2% | 9.14% | #104 |
| Mississippi | 1,217 | 248 | 53.2% | 9.49% | #20 |
| Georgia | 1,137 | 598 | 31.4% | 6.99% | #81 |
| Kentucky | 850 | 189 | 51.3% | 7.59% | #51 |
| Florida | 243 | 75 | 42.8% | 7.00% | #345 |
| North Carolina | 19 | 15 | 5.3% | 6.89% | #537 |
| South Carolina | 17 | 14 | 5.9% | 6.69% | #473 |
| Louisiana | 15 | 11 | 0.0% | 6.63% | #341 |
| Oklahoma | 13 | 6 | 7.7% | 5.25% | #378 |
| Virginia | 10 | 7 | 20.0% | 6.38% | #562 |
| California | 6 | 4 | 0.0% | 6.31% | #785 |
| Ohio | 6 | 6 | 0.0% | 6.81% | #684 |
| Pennsylvania | 6 | 6 | 0.0% | 6.88% | #755 |
| Illinois | 5 | 5 | 0.0% | 6.63% | #766 |
| Kansas | 5 | 4 | 0.0% | 6.75% | #421 |
| Michigan | 5 | 3 | 0.0% | 6.88% | #600 |
| Missouri | 5 | 5 | 0.0% | 6.88% | #587 |
Frequently asked questions
FirstBank denied 42.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 16th percentile of large mortgage lenders.
The most common reason FirstBank gave in 2025 was "credit history", cited on 64.6% 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 FirstBank originated in 2025 was 6.88%, and its median rate spread over the average prime offer rate was 0.29 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 84% of its applications were for home purchases, 7% for refinancing (including cash-out), and 9% for home improvement or other purposes. By loan type: 93% conventional, 5% 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.