PlainLender

FIRST BANK

STRASBURG, VA

FIRST BANK processed 462 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 311 loans with a 19.1% denial rate. Other was the primary loan purpose. Based in STRASBURG, VA. The approval rate of 67.3% 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 BANK processed 462 HMDA-reported mortgage applications in 2024, originating 311 loans and denying 88 for a denial rate of 19.1% (applicants themselves withdrew 42 files before a decision). The average loan amount was $201,775. The lender reports under LEI 25490047DXSX2HF6QY47 from STRASBURG, VA.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 BANK's 67.3% origination rate tells you how often an application turned into funded money; the 19.1% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (460 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.

462
Applications
311
Originated
19.1%
Denial Rate
$201,775
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 460 311 87 $201,348
FHA 1 0 1 $155,000
VA 1 0 0 $445,000

Top loan types — FIRST BANK

Top loan types — FIRST BANK Horizontal bar chart of the top 3 items by value (applications). Top loan types — FIRST BANK Top 3 1. Conventional 460 2. FHA 1 3. VA 1 Top 5 loan types by application volume at FIRST 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 BANK (LEI: 25490047DXSX2HF6QY47) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 134 75 $103,955
Home Improvement 130 90 $102,077
Home Purchase 94 70 $478,830
Cash-out Refinancing 64 46 $130,000
Refinancing 40 30 $317,250

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 321 66.0% 19.3%
Black or African American 13 53.9% 30.8%
Asian 6 33.3% 66.7%
Native Hawaiian or Other Pacific Islander 2 0.0% 100.0%
American Indian or Alaska Native 1 0.0% 0.0%
Joint 1 100.0% 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
Not Hispanic or Latino 328 65.8% 19.5%
Hispanic or Latino 10 0.0% 60.0%
Joint 7 85.7% 14.3%

Nearby Lenders in VA

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

Navy Federal Credit Union

Vienna, VA

182,680 apps 82,022 originated 23.9% denied

PROSPERITY HOME MORTGAGE, LLC

CHANTILLY, VA

29,914 apps 20,115 originated 7.4% denied

Pentagon Federal Credit Unioin

Alexandria, VA

28,887 apps 10,514 originated 39.2% denied

ATLANTIC BAY MORTGAGE GROUP

VIRGINIA BEACH, VA

17,186 apps 13,415 originated 1.4% denied

First Heritage Mortgage, LLC

Fairfax, VA

7,733 apps 6,346 originated 1.6% denied
Compare FIRST BANK vs Navy 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 BANK process?
FIRST BANK processed 462 mortgage applications in the 2023 HMDA reporting year. Of these, 311 were originated (approved and funded), 42 were withdrawn by the applicant, and 88 were denied.
What is FIRST BANK's mortgage approval rate?
FIRST BANK has an approval (origination) rate of 67.3%, meaning 67.3% of all applications resulted in a funded mortgage. The denial rate is 19.1%.
What is the average loan amount at FIRST BANK?
The average mortgage loan amount at FIRST BANK is $201,775.
What types of mortgage loans does FIRST BANK offer?
FIRST BANK processes Conventional, FHA, VA loans. The most common type is Conventional with 460 applications and an average loan amount of $201,348.
What loan purposes does FIRST BANK serve?
FIRST BANK serves the following loan purposes: Other (134 applications), Home Improvement (130 applications), Home Purchase (94 applications), Cash-out Refinancing (64 applications), Refinancing (40 applications). Other is the most common purpose.
Where is FIRST BANK located?
FIRST BANK is headquartered in STRASBURG, VA. The lender is identified by LEI 25490047DXSX2HF6QY47 in HMDA data.
How does FIRST BANK compare in lending across racial demographics?
FIRST BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 66.0% and denial rate of 19.3%; Black or African American applicants have an approval rate of 53.9% and denial rate of 30.8%; Asian applicants have an approval rate of 33.3% and denial rate of 66.7%. 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.