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1st Financial, Inc.

Millersville, MD

1st Financial, Inc. processed 676 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 359 loans with a 10.8% denial rate. Home Purchase was the primary loan purpose. Based in Millersville, MD. The approval rate of 53.1% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. 1st Financial, Inc.'s 53.1% origination rate tells you how often an application turned into funded money; the 10.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Collateral, Unverifiable information, which together explain the majority of rejections. Most activity concentrated in Conventional loans (407 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

676
Applications
359
Originated
10.8%
Denial Rate
$407,219
Avg Loan Amount
Avg Interest Rate: 6.620% Avg Applicant Income: $43,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 407 220 44 $387,776
FHA 247 126 28 $439,089
VA 18 12 0 $420,556
USDA 4 1 1 $357,500

Top loan types - 1st Financial, Inc.

Top loan types - 1st Financial, Inc. Horizontal bar chart of the top 4 items by value (applications). Top loan types - 1st Financial, Inc. Top 4 1. Conventional 407 2. FHA 247 3. VA 18 4. USDA 4 Top 5 loan types by application volume at 1st Financial, Inc. (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for 1st Financial, Inc. (LEI: 549300AT7S7TRS2KSX88) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Other
30
Collateral
13
Unverifiable information
12
Debt-to-income ratio
11
Insufficient cash
4
Credit history
3
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 595 315 $409,420
Refinancing 55 20 $413,727
Cash-out Refinancing 26 24 $343,077

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 504 56.5% 12.3%
Black or African American 110 45.5% 7.3%
Asian * 7 42.9% 0.0%
Joint * 7 71.4% 14.3%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Hispanic or Latino 467 54.8% 12.0%
Not Hispanic or Latino 145 55.2% 6.2%
Joint * 16 56.3% 12.5%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in MD

Other HMDA-reporting lenders in MD with similar activity. Compare any two side-by-side.

Lower, LLC

COLUMBIA, MD

27,730 apps 17,412 originated 9.4% denied

Nfm, INC

LINTHICUM, MD

22,075 apps 17,246 originated 1.9% denied

First Home Mortgage

Baltimore, MD

7,187 apps 5,538 originated 2.8% denied

Tower Federal Credit Union

LAUREL, MD

6,022 apps 3,449 originated 31.0% denied

State Employees Credit Union of Maryland

Linthicum, MD

5,814 apps 2,602 originated 42.7% denied
Compare 1st Financial, Inc. vs Lower, LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did 1st Financial, Inc. process?
1st Financial, Inc. processed 676 mortgage applications in the 2024 HMDA reporting year. Of these, 359 were originated (approved and funded), 158 were withdrawn by the applicant, and 73 were denied.
What is 1st Financial, Inc.'s mortgage approval rate?
1st Financial, Inc. has an approval (origination) rate of 53.1%, meaning 53.1% of all applications resulted in a funded mortgage. The denial rate is 10.8%.
What is the average loan amount at 1st Financial, Inc.?
The average mortgage loan amount at 1st Financial, Inc. is $407,219. The average interest rate is 6.620%. The average applicant income is $43,000.
What are the most common reasons for mortgage denial at 1st Financial, Inc.?
The most common reasons for mortgage denial at 1st Financial, Inc. are: Other, Collateral, Unverifiable information. In total, 73 applications were denied out of 676 total applications.
What types of mortgage loans does 1st Financial, Inc. offer?
1st Financial, Inc. processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 407 applications and an average loan amount of $387,776.
What loan purposes does 1st Financial, Inc. serve?
1st Financial, Inc. serves the following loan purposes: Home Purchase (595 applications), Refinancing (55 applications), Cash-out Refinancing (26 applications). Home Purchase is the most common purpose.
Where is 1st Financial, Inc. located?
1st Financial, Inc. is headquartered in Millersville, MD. The lender is identified by LEI 549300AT7S7TRS2KSX88 in HMDA data.
How does 1st Financial, Inc. compare in lending across racial demographics?
1st Financial, Inc. reports demographic lending data under HMDA requirements. White applicants have an approval rate of 56.5% and denial rate of 12.3%; Black or African American applicants have an approval rate of 45.5% and denial rate of 7.3%; Asian applicants have an approval rate of 42.9% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.