Firstmark at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the F 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%
1st50.7% deniedPricingmedian rate spread over APOR, weight 30%
9th1.15 ptsProcesswithdrawn + incomplete share, weight 15%
25th18.0%Closing coststotal loan costs ÷ loan amount, weight 10%
80th1.14% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 748 | 304 | 45.9% | 52.5% | 7.54% | $19M |
| 2024 | 900 | 352 | 42.2% | 51.8% | 7.29% | $33M |
| 2025 | 832 | 334 | 41.6% | 50.7% | 7.04% | $39M |
What Firstmark 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, 6 manufactured homes, 27 investment properties.
Why Firstmark denies applications
Primary reason reported for each of the 346 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Firstmark
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 166 | 44 | 70.1% |
| $50k – $100k | 355 | 140 | 51.9% |
| $100k – $150k | 167 | 89 | 35.3% |
| $150k – $250k | 109 | 45 | 43.0% |
| Over $250k | 28 | 12 | 36.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 62 | 15 | 62.5% |
| 35–44 | 119 | 41 | 57.7% |
| 45–54 | 209 | 86 | 50.6% |
| 55–64 | 203 | 85 | 50.3% |
| 65–74 | 151 | 64 | 48.8% |
| Over 74 | 84 | 43 | 38.9% |
Where Firstmark lends
14 states and 53 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 810 | 332 | 40.9% | 7.04% | #189 |
Frequently asked questions
Firstmark denied 50.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 1st percentile of small mortgage lenders.
The most common reason Firstmark gave in 2025 was "debt-to-income ratio", cited on 38.7% 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 Firstmark originated in 2025 was 7.04%, and its median rate spread over the average prime offer rate was 1.15 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 10% of its applications were for home purchases, 30% for refinancing (including cash-out), and 60% for home improvement or other purposes. By loan type: 99% conventional, 0% FHA, 1% 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.