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First Citizens Bank

Luverne, AL

First Citizens Bank processed 90 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 78 loans with a 8.9% denial rate. Home Purchase was the primary loan purpose. Based in Luverne, AL. The approval rate of 86.7% 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 Citizens Bank processed 90 HMDA-reported mortgage applications in 2024, originating 78 loans and denying 8 for a denial rate of 8.9%. The average loan amount was $75,000. The lender reports under LEI 549300ZX7CMZ93QCZQ91 from Luverne, AL.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 Citizens Bank's 86.7% origination rate tells you how often an application turned into funded money; the 8.9% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (90 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.

90
Applications
78
Originated
8.9%
Denial Rate
$75,000
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 90 78 8 $75,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for First Citizens Bank (LEI: 549300ZX7CMZ93QCZQ91) · 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

Credit history
8
Debt-to-income ratio
2
Collateral
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 52 45 $77,308
Refinancing 21 18 $94,524
Home Improvement 10 8 $51,000
Other 7 7 $33,571

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 67 89.5% 6.0%
Black or African American 13 61.5% 30.8%
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 81 85.2% 9.9%

Nearby Lenders in AL

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

REGIONS BANK

BIRMINGHAM, AL

70,436 apps 29,337 originated 39.6% denied

CSL Financial LLC

Birmingham, AL

10,109 apps 1,011 originated 60.3% denied

REDSTONE FEDERAL CREDIT UNION

HUNTSVILLE, AL

5,601 apps 3,166 originated 21.9% denied

TJC MORTGAGE INC

BIRMINGHAM, AL

2,788 apps 1,704 originated 3.2% denied

ALL IN CREDIT UNION

DOTHAN, AL

2,355 apps 1,018 originated 32.0% denied
Compare First Citizens Bank vs REGIONS BANK →

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 Citizens Bank process?
First Citizens Bank processed 90 mortgage applications in the 2023 HMDA reporting year. Of these, 78 were originated (approved and funded), and 8 were denied.
What is First Citizens Bank's mortgage approval rate?
First Citizens Bank has an approval (origination) rate of 86.7%, meaning 86.7% of all applications resulted in a funded mortgage. The denial rate is 8.9%.
What is the average loan amount at First Citizens Bank?
The average mortgage loan amount at First Citizens Bank is $75,000.
What are the most common reasons for mortgage denial at First Citizens Bank?
The most common reasons for mortgage denial at First Citizens Bank are: Credit history, Debt-to-income ratio, Collateral. In total, 8 applications were denied out of 90 total applications.
What types of mortgage loans does First Citizens Bank offer?
First Citizens Bank processes Conventional loans. The most common type is Conventional with 90 applications and an average loan amount of $75,000.
What loan purposes does First Citizens Bank serve?
First Citizens Bank serves the following loan purposes: Home Purchase (52 applications), Refinancing (21 applications), Home Improvement (10 applications), Other (7 applications). Home Purchase is the most common purpose.
Where is First Citizens Bank located?
First Citizens Bank is headquartered in Luverne, AL. The lender is identified by LEI 549300ZX7CMZ93QCZQ91 in HMDA data.
How does First Citizens Bank compare in lending across racial demographics?
First Citizens Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 89.5% and denial rate of 6.0%; Black or African American applicants have an approval rate of 61.5% and denial rate of 30.8%; Joint 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.