FirstBank Southwest at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D 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%
26th16.6% deniedPricingmedian rate spread over APOR, weight 30%
15th0.83 ptsProcesswithdrawn + incomplete share, weight 15%
51st11.3%Closing coststotal loan costs ÷ loan amount, weight 10%
9th4.04% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 455 | 343 | 11.9% | 12.0% | — | $64M |
| 2024 | 428 | 330 | 10.5% | 11.9% | — | $56M |
| 2025 | 346 | 248 | 14.7% | 16.6% | 7.34% | $52M |
What FirstBank Southwest 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, 0 manufactured homes, 109 investment properties.
Why FirstBank Southwest denies applications
Primary reason reported for each of the 51 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at FirstBank Southwest
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 44 | 23 | 38.5% |
| $50k – $100k | 89 | 58 | 25.6% |
| $100k – $150k | 56 | 42 | 15.7% |
| $150k – $250k | 39 | 26 | 15.6% |
| Over $250k | 30 | 25 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 46 | 32 | 22.0% |
| 35–44 | 59 | 41 | 21.8% |
| 45–54 | 52 | 35 | 20.5% |
| 55–64 | 45 | 27 | 24.3% |
| 65–74 | 34 | 21 | 22.2% |
Where FirstBank Southwest lends
2 states and 31 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 342 | 244 | 14.9% | 7.33% | #319 |
Frequently asked questions
FirstBank Southwest denied 16.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 26th percentile of small mortgage lenders.
The most common reason FirstBank Southwest gave in 2025 was "debt-to-income ratio", cited on 43.1% 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 Southwest originated in 2025 was 7.34%, and its median rate spread over the average prime offer rate was 0.83 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 56% of its applications were for home purchases, 22% for refinancing (including cash-out), and 23% for home improvement or other purposes. By loan type: 92% conventional, 6% 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.