PlainLender

FIRST AMERICAN BANK

ARTESIA, NM

FIRST AMERICAN BANK processed 254 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 162 loans with a 14.2% denial rate. Home Purchase was the primary loan purpose. Based in ARTESIA, NM. The approval rate of 63.8% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. FIRST AMERICAN BANK processed 254 HMDA-reported mortgage applications in 2024, originating 162 loans and denying 36 for a denial rate of 14.2% (applicants themselves withdrew 45 files before a decision). The average loan amount was $212,441 at a 6.744% average note rate, and applicants self-reported an average income of $39,000. The lender reports under LEI 5493005KZM1DEUYVS783 from ARTESIA, NM.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. FIRST AMERICAN BANK's 63.8% origination rate tells you how often an application turned into funded money; the 14.2% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Debt-to-income ratio, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (182 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.

254
Applications
162
Originated
14.2%
Denial Rate
$212,441
Avg Loan Amount
Avg Interest Rate: 6.744% Avg Applicant Income: $39,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 182 118 28 $207,582
FHA 60 38 5 $208,333
VA 11 6 2 $326,818
USDA 1 0 1 $85,000

Top loan types — FIRST AMERICAN BANK

Top loan types — FIRST AMERICAN BANK Horizontal bar chart of the top 4 items by value (applications). Top loan types — FIRST AMERICAN BANK Top 4 1. Conventional 182 2. FHA 60 3. VA 11 4. USDA 1 Top 5 loan types by application volume at FIRST AMERICAN BANK (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for FIRST AMERICAN BANK (LEI: 5493005KZM1DEUYVS783) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Collateral
14
Debt-to-income ratio
13
Other
9
Credit history
7
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 226 148 $207,699
Refinancing 14 9 $334,286
Cash-out Refinancing 10 3 $171,000
Other 2 1 $205,000
Home Improvement 2 1 $110,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 224 61.2% 15.2%
Black or African American 5 40.0% 40.0%
2 or more minority races 1 100.0% 0.0%
American Indian or Alaska Native 1 0.0% 0.0%
Asian 1 0.0% 0.0%

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 150 53.3% 16.7%
Not Hispanic or Latino 73 76.7% 9.6%
Joint 10 60.0% 30.0%

Nearby Lenders in NM

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

NUSENDA FEDERAL CREDIT UNION

ALBUQUERQUE, NM

3,080 apps 1,930 originated 15.5% denied

SUNWARD

ALBUQUERQUE, NM

2,310 apps 1,464 originated 8.5% denied

KIRTLAND FEDERAL CREDIT UNION

ALBUQUERQUE, NM

787 apps 439 originated 27.4% denied

Sandia Area Federal Credit Uni

ALBUQUERQUE, NM

730 apps 425 originated 24.4% denied

U.S. Eagle Federal Credit Union

Albuquerque, NM

530 apps 352 originated 15.1% denied
Compare FIRST AMERICAN BANK vs NUSENDA FEDERAL CREDIT UNION →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did FIRST AMERICAN BANK process?
FIRST AMERICAN BANK processed 254 mortgage applications in the 2023 HMDA reporting year. Of these, 162 were originated (approved and funded), 45 were withdrawn by the applicant, and 36 were denied.
What is FIRST AMERICAN BANK's mortgage approval rate?
FIRST AMERICAN BANK has an approval (origination) rate of 63.8%, meaning 63.8% of all applications resulted in a funded mortgage. The denial rate is 14.2%.
What is the average loan amount at FIRST AMERICAN BANK?
The average mortgage loan amount at FIRST AMERICAN BANK is $212,441. The average interest rate is 6.744%. The average applicant income is $39,000.
What are the most common reasons for mortgage denial at FIRST AMERICAN BANK?
The most common reasons for mortgage denial at FIRST AMERICAN BANK are: Collateral, Debt-to-income ratio, Other. In total, 36 applications were denied out of 254 total applications.
What types of mortgage loans does FIRST AMERICAN BANK offer?
FIRST AMERICAN BANK processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 182 applications and an average loan amount of $207,582.
What loan purposes does FIRST AMERICAN BANK serve?
FIRST AMERICAN BANK serves the following loan purposes: Home Purchase (226 applications), Refinancing (14 applications), Cash-out Refinancing (10 applications), Other (2 applications), Home Improvement (2 applications). Home Purchase is the most common purpose.
Where is FIRST AMERICAN BANK located?
FIRST AMERICAN BANK is headquartered in ARTESIA, NM. The lender is identified by LEI 5493005KZM1DEUYVS783 in HMDA data.
How does FIRST AMERICAN BANK compare in lending across racial demographics?
FIRST AMERICAN BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 61.2% and denial rate of 15.2%; Black or African American applicants have an approval rate of 40.0% and denial rate of 40.0%; 2 or more minority races applicants have an approval rate of 100.0% 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.