First Equity Mortgage Bankers Inc.
Miami, FL
First Equity Mortgage Bankers Inc. processed 913 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 500 loans with a 17.1% denial rate. Home Purchase was the primary loan purpose. Based in Miami, FL. The approval rate of 54.8% 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 Equity Mortgage Bankers Inc. processed 913 HMDA-reported mortgage applications in 2024, originating 500 loans and denying 156 for a denial rate of 17.1% (applicants themselves withdrew 253 files before a decision). The average loan amount was $276,249 at a 7.055% average note rate, and applicants self-reported an average income of $39,000. The lender reports under LEI 5493004LAP3ULXM1YB66 from Miami, FL.
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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 Equity Mortgage Bankers Inc.'s 54.8% origination rate tells you how often an application turned into funded money; the 17.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Credit application incomplete, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (426 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.
Lending Activity
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 426 | 254 | 58 | $392,300 |
| FHA | 401 | 205 | 85 | $165,224 |
| USDA | 55 | 22 | 12 | $140,091 |
| VA | 31 | 19 | 1 | $359,194 |
Top loan types — First Equity Mortgage Bankers Inc.
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for First Equity Mortgage Bankers Inc. (LEI: 5493004LAP3ULXM1YB66) · 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
Loan Purpose Breakdown
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Home Purchase | 841 | 465 | $270,434 |
| Refinancing | 67 | 32 | $354,254 |
| Other | 4 | 2 | $135,000 |
| Cash-out Refinancing | 1 | 1 | $505,000 |
Geographic Coverage — Lending by Race
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 832 | 54.3% | 18.1% |
| Black or African American | 27 | 66.7% | 7.4% |
| Joint | 7 | 57.1% | 14.3% |
| American Indian or Alaska Native | 2 | 0.0% | 50.0% |
| Asian | 2 | 100.0% | 0.0% |
| 2 or more minority races | 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 |
|---|---|---|---|
| Hispanic or Latino | 800 | 53.5% | 18.8% |
| Not Hispanic or Latino | 90 | 66.7% | 5.6% |
| Joint | 7 | 71.4% | 14.3% |
Nearby Lenders in FL
Other HMDA-reporting lenders in FL with similar activity. Compare any two side-by-side.
FREEDOM MORTGAGE CORPORATION
BOCA RATON, FL
Lakeview Loan Servicing, LLC
Coral Gables, FL
TRIAD FINANCIAL SERVICES, INC.
JACKSONVILLE, FL
LENNAR MORTGAGE, LLC
MIAMI, FL
PHH MORTGAGE CORPORATION
West Palm Beach, FL
Mortgage Lending Guides
Frequently Asked Questions
How many mortgage applications did First Equity Mortgage Bankers Inc. process?
What is First Equity Mortgage Bankers Inc.'s mortgage approval rate?
What is the average loan amount at First Equity Mortgage Bankers Inc.?
What are the most common reasons for mortgage denial at First Equity Mortgage Bankers Inc.?
What types of mortgage loans does First Equity Mortgage Bankers Inc. offer?
What loan purposes does First Equity Mortgage Bankers Inc. serve?
Where is First Equity Mortgage Bankers Inc. located?
How does First Equity Mortgage Bankers Inc. compare in lending across racial demographics?
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.