PlainLender

First Bank

Burkburnett,, TX

First Bank processed 978 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 802 loans with a 2.0% denial rate. Home Purchase was the primary loan purpose. Based in Burkburnett,, TX. The approval rate of 82.0% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. First Bank's 82.0% origination rate tells you how often an application turned into funded money; the 2.0% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Collateral, Insufficient cash, which together explain the majority of rejections. Most activity concentrated in Conventional loans (793 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.

978
Applications
802
Originated
2.0%
Denial Rate
$392,004
Avg Loan Amount
Avg Interest Rate: 6.943% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 793 657 11 $387,409
FHA 120 89 8 $371,583
VA 64 55 1 $487,813
USDA 1 1 0 $355,000

Top loan types - First Bank

Top loan types - First Bank Horizontal bar chart of the top 4 items by value (applications). Top loan types - First Bank Top 4 1. Conventional 793 2. FHA 120 3. VA 64 4. USDA 1 Top 5 loan types by application volume at First Bank (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 First Bank (LEI: 549300LO3MP4RAI32X70) · 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

Debt-to-income ratio
9
Collateral
5
Insufficient cash
3
Unverifiable information
3
Employment history
2
Credit history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 760 612 $406,658
Refinancing 128 113 $412,188
Cash-out Refinancing 57 44 $267,632
Home Improvement 33 33 $191,061

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 618 80.9% 2.1%
Asian 52 61.5% 3.9%
Black or African American * 48 66.7% 8.3%
Joint * 32 84.4% 0.0%
Native Hawaiian or Other Pacific Islander * 3 66.7% 0.0%
American Indian or Alaska Native * 1 100.0% 0.0%

* 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
Not Hispanic or Latino 625 77.8% 2.4%
Hispanic or Latino 96 84.4% 5.2%
Joint * 44 84.1% 0.0%

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

Nearby Lenders in TX

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

Nationstar Mortgage

Coppell, TX

110,111 apps 41,693 originated 9.2% denied

DHI Mortgage Company, LTD.

Austin, TX

96,056 apps 70,673 originated 10.3% denied

PRIMELENDING

DALLAS, TX

36,578 apps 25,147 originated 5.3% denied

Credit Human Federal Credit Un

San Antonio, TX

28,052 apps 2,953 originated 75.7% denied

Usaa Bank

SAN ANTONIO, TX

28,020 apps 13,205 originated 23.5% denied
Compare First Bank vs Nationstar Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did First Bank process?
First Bank processed 978 mortgage applications in the 2024 HMDA reporting year. Of these, 802 were originated (approved and funded), 32 were withdrawn by the applicant, and 20 were denied.
What is First Bank's mortgage approval rate?
First Bank has an approval (origination) rate of 82.0%, meaning 82.0% of all applications resulted in a funded mortgage. The denial rate is 2.0%.
What is the average loan amount at First Bank?
The average mortgage loan amount at First Bank is $392,004. The average interest rate is 6.943%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at First Bank?
The most common reasons for mortgage denial at First Bank are: Debt-to-income ratio, Collateral, Insufficient cash. In total, 20 applications were denied out of 978 total applications.
What types of mortgage loans does First Bank offer?
First Bank processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 793 applications and an average loan amount of $387,409.
What loan purposes does First Bank serve?
First Bank serves the following loan purposes: Home Purchase (760 applications), Refinancing (128 applications), Cash-out Refinancing (57 applications), Home Improvement (33 applications). Home Purchase is the most common purpose.
Where is First Bank located?
First Bank is headquartered in Burkburnett,, TX. The lender is identified by LEI 549300LO3MP4RAI32X70 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 80.9% and denial rate of 2.1%; Asian applicants have an approval rate of 61.5% and denial rate of 3.9%; Black or African American applicants have an approval rate of 66.7% and denial rate of 8.3%. 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.