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First Entertainment Cu

HOLLYWOOD, CA

First Entertainment Cu processed 774 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 484 loans with a 22.5% denial rate. Home Improvement was the primary loan purpose. Based in HOLLYWOOD, CA. The approval rate of 62.5% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 Entertainment Cu's 62.5% origination rate tells you how often an application turned into funded money; the 22.5% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Other, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (774 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.

774
Applications
484
Originated
22.5%
Denial Rate
$342,429
Avg Loan Amount
Avg Interest Rate: 8.257% Avg Applicant Income: $41,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 774 484 174 $342,429

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for First Entertainment Cu (LEI: 549300F6S4S7QMOUVG59) · 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 Approval rates exclude withdrawn / incomplete applications.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
126
Other
37
Credit history
33
Collateral
12
Unverifiable information
11
Credit application incomplete
5
Employment history
2
Insufficient cash
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 256 173 $173,008
Other 219 154 $139,566
Home Purchase 191 79 $733,377
Refinancing 106 78 $468,962
Cash-out Refinancing 2 0 $200,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 424 67.2% 20.8%
Asian 66 56.1% 15.2%
Black or African American * 42 59.5% 26.2%
Joint * 36 58.3% 13.9%
American Indian or Alaska Native * 7 85.7% 14.3%
2 or more minority races * 4 25.0% 25.0%
Native Hawaiian or Other Pacific Islander * 3 66.7% 33.3%

* 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
Not Hispanic or Latino 470 66.4% 19.8%
Hispanic or Latino 112 56.3% 28.6%
Joint * 41 70.7% 14.6%

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

Nearby Lenders in CA

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

Pennymac Loan Services LLC

WESTLAKE VILLAGE, CA

384,816 apps 67,294 originated 4.7% denied

Bank of America NA

Westlake Village, CA

233,637 apps 83,165 originated 34.6% denied

AmeriHome Mortgage Company, LLC

Thousand Oaks, CA

149,937 apps 6,250 originated 0.8% denied

Loandepot.Com, LLC

IRVINE, CA

142,924 apps 79,418 originated 23.3% denied

New American Funding, LLC.

TUSTIN, CA

118,479 apps 48,639 originated 11.1% denied
Compare First Entertainment Cu vs Pennymac Loan Services LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did First Entertainment Cu process?
First Entertainment Cu processed 774 mortgage applications in the 2024 HMDA reporting year. Of these, 484 were originated (approved and funded), and 174 were denied.
What is First Entertainment Cu's mortgage approval rate?
First Entertainment Cu has an approval (origination) rate of 62.5%, meaning 62.5% of all applications resulted in a funded mortgage. The denial rate is 22.5%.
What is the average loan amount at First Entertainment Cu?
The average mortgage loan amount at First Entertainment Cu is $342,429. The average interest rate is 8.257%. The average applicant income is $41,000.
What are the most common reasons for mortgage denial at First Entertainment Cu?
The most common reasons for mortgage denial at First Entertainment Cu are: Debt-to-income ratio, Other, Credit history. In total, 174 applications were denied out of 774 total applications.
What types of mortgage loans does First Entertainment Cu offer?
First Entertainment Cu processes Conventional loans. The most common type is Conventional with 774 applications and an average loan amount of $342,429.
What loan purposes does First Entertainment Cu serve?
First Entertainment Cu serves the following loan purposes: Home Improvement (256 applications), Other (219 applications), Home Purchase (191 applications), Refinancing (106 applications), Cash-out Refinancing (2 applications). Home Improvement is the most common purpose.
Where is First Entertainment Cu located?
First Entertainment Cu is headquartered in HOLLYWOOD, CA. The lender is identified by LEI 549300F6S4S7QMOUVG59 in HMDA data.
How does First Entertainment Cu compare in lending across racial demographics?
First Entertainment Cu reports demographic lending data under HMDA requirements. White applicants have an approval rate of 67.2% and denial rate of 20.8%; Asian applicants have an approval rate of 56.1% and denial rate of 15.2%; Black or African American applicants have an approval rate of 59.5% and denial rate of 26.2%. 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.