PlainLender

FIRST FEDERAL BANK

TUSCALOOSA, AL

FIRST FEDERAL BANK processed 1,877 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,353 loans with a 4.3% denial rate. Home Purchase was the primary loan purpose. Based in TUSCALOOSA, AL. The approval rate of 72.1% 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 FEDERAL BANK processed 1,877 HMDA-reported mortgage applications in 2024, originating 1,353 loans and denying 81 for a denial rate of 4.3% (applicants themselves withdrew 416 files before a decision). The average loan amount was $246,311 at a 6.361% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 549300ROGHTFGYNKE773 from TUSCALOOSA, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 FEDERAL BANK's 72.1% origination rate tells you how often an application turned into funded money; the 4.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,044 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.

1,877
Applications
1,353
Originated
4.3%
Denial Rate
$246,311
Avg Loan Amount
Avg Interest Rate: 6.361% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,044 746 40 $248,755
FHA 677 495 36 $238,855
VA 99 70 1 $300,859
USDA 57 42 4 $195,351

Top loan types — FIRST FEDERAL BANK

Top loan types — FIRST FEDERAL BANK Horizontal bar chart of the top 4 items by value (applications). Top loan types — FIRST FEDERAL BANK Top 4 1. Conventional 1,044 2. FHA 677 3. VA 99 4. USDA 57 Top 5 loan types by application volume at FIRST FEDERAL 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 FEDERAL BANK (LEI: 549300ROGHTFGYNKE773) · 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

Debt-to-income ratio
38
Credit history
18
Other
16
Collateral
6
Insufficient cash
4
Unverifiable information
4
Employment history
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 1,705 1,265 $247,135
Refinancing 82 46 $278,537
Cash-out Refinancing 79 35 $205,380
Other 8 7 $145,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,401 74.9% 3.1%
Black or African American 239 61.9% 8.0%
Asian 42 61.9% 9.5%
Joint 30 80.0% 6.7%
Native Hawaiian or Other Pacific Islander 2 0.0% 0.0%
American Indian or Alaska Native 2 100.0% 0.0%
2 or more minority races 2 100.0% 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 1,648 72.4% 3.9%
Hispanic or Latino 51 74.5% 7.8%
Joint 26 88.5% 0.0%

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 FEDERAL 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 FEDERAL BANK process?
FIRST FEDERAL BANK processed 1,877 mortgage applications in the 2023 HMDA reporting year. Of these, 1,353 were originated (approved and funded), 416 were withdrawn by the applicant, and 81 were denied.
What is FIRST FEDERAL BANK's mortgage approval rate?
FIRST FEDERAL BANK has an approval (origination) rate of 72.1%, meaning 72.1% of all applications resulted in a funded mortgage. The denial rate is 4.3%.
What is the average loan amount at FIRST FEDERAL BANK?
The average mortgage loan amount at FIRST FEDERAL BANK is $246,311. The average interest rate is 6.361%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at FIRST FEDERAL BANK?
The most common reasons for mortgage denial at FIRST FEDERAL BANK are: Debt-to-income ratio, Credit history, Other. In total, 81 applications were denied out of 1,877 total applications.
What types of mortgage loans does FIRST FEDERAL BANK offer?
FIRST FEDERAL BANK processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 1,044 applications and an average loan amount of $248,755.
What loan purposes does FIRST FEDERAL BANK serve?
FIRST FEDERAL BANK serves the following loan purposes: Home Purchase (1,705 applications), Refinancing (82 applications), Cash-out Refinancing (79 applications), Other (8 applications). Home Purchase is the most common purpose.
Where is FIRST FEDERAL BANK located?
FIRST FEDERAL BANK is headquartered in TUSCALOOSA, AL. The lender is identified by LEI 549300ROGHTFGYNKE773 in HMDA data.
How does FIRST FEDERAL BANK compare in lending across racial demographics?
FIRST FEDERAL BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 74.9% and denial rate of 3.1%; Black or African American applicants have an approval rate of 61.9% and denial rate of 8.0%; Asian applicants have an approval rate of 61.9% and denial rate of 9.5%. 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.