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 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%
23rd20.2% deniedPricingmedian rate spread over APOR, weight 30%
68th0.16 ptsProcesswithdrawn + incomplete share, weight 15%
31st20.8%Closing coststotal loan costs ÷ loan amount, weight 10%
81st1.49% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 5,563 | 3,430 | 14.1% | 17.6% | 7.75% | $1.2B |
| 2024 | 5,521 | 3,423 | 13.9% | 17.8% | 7.63% | $1.4B |
| 2025 | 5,379 | 3,315 | 16.0% | 20.2% | 7.00% | $1.5B |
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: 2,071 home-equity lines, 0 reverse mortgages, 37 manufactured homes, 1,038 investment properties.
Why FirstBank denies applications
Primary reason reported for each of the 859 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 | 368 | 121 | 56.1% |
| $50k – $100k | 999 | 514 | 33.9% |
| $100k – $150k | 799 | 477 | 20.6% |
| $150k – $250k | 974 | 633 | 15.0% |
| Over $250k | 1,162 | 778 | 8.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 59 | 36 | 19.6% |
| 25–34 | 406 | 251 | 20.6% |
| 35–44 | 970 | 568 | 24.1% |
| 45–54 | 1,183 | 708 | 23.5% |
| 55–64 | 987 | 567 | 24.0% |
| 65–74 | 602 | 359 | 18.4% |
| Over 74 | 259 | 140 | 22.6% |
Where FirstBank lends
19 states and 66 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Colorado | 4,929 | 3,041 | 15.6% | 7.00% | #8 |
| Arizona | 399 | 252 | 16.3% | 7.13% | #130 |
| California | 30 | 22 | 10.0% | 6.88% | #594 |
Frequently asked questions
FirstBank denied 20.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 23rd percentile of mid-size mortgage lenders.
The most common reason FirstBank gave in 2025 was "debt-to-income ratio", cited on 63.4% 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 7.00%, and its median rate spread over the average prime offer rate was 0.16 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 35% of its applications were for home purchases, 24% for refinancing (including cash-out), and 41% 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.