PlainLender

FIRST FEDERAL BANK

DICKSON, TN

FIRST FEDERAL BANK processed 297 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 219 loans with a 13.1% denial rate. Home Purchase was the primary loan purpose. Based in DICKSON, TN. The approval rate of 73.7% 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 FEDERAL BANK processed 297 HMDA-reported mortgage applications in 2024, originating 219 loans and denying 39 for a denial rate of 13.1% (applicants themselves withdrew 17 files before a decision). The average loan amount was $210,253 at a 7.446% average note rate, and applicants self-reported an average income of $34,000. The lender reports under LEI 549300CNRVR02KBUDD48 from DICKSON, TN.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 73.7% origination rate tells you how often an application turned into funded money; the 13.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Credit history, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (246 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.

297
Applications
219
Originated
13.1%
Denial Rate
$210,253
Avg Loan Amount
Avg Interest Rate: 7.446% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 246 186 31 $193,821
FHA 25 16 4 $263,800
VA 18 13 2 $350,556
USDA 8 4 2 $232,500

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 246 2. FHA 25 3. VA 18 4. USDA 8 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: 549300CNRVR02KBUDD48) · 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

Other
20
Credit history
20
Debt-to-income ratio
16
Employment history
4
Unverifiable information
1
Collateral
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 149 110 $274,664
Refinancing 59 40 $191,949
Other 34 23 $110,588
Home Improvement 33 31 $76,212
Cash-out Refinancing 22 15 $178,182

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 285 73.7% 13.7%
Asian 2 50.0% 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 274 73.7% 14.2%
Hispanic or Latino 11 63.6% 0.0%
Joint 2 100.0% 0.0%

Nearby Lenders in TN

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

21ST MORTGAGE

KNOXVILLE, TN

173,573 apps 30,274 originated 44.1% denied

VANDERBILT MORTGAGE AND FINANCE, INC

MARYVILLE, TN

124,520 apps 20,306 originated 42.7% denied

FIRSTBANK

LEXINGTON, TN

21,086 apps 6,413 originated 43.2% denied

FIRST COMMUNITY MORTGAGE

MURFREESBORO, TN

13,521 apps 10,523 originated 6.2% denied

FIRST HORIZON BANK

MEMPHIS, TN

13,326 apps 7,808 originated 21.7% denied
Compare FIRST FEDERAL BANK vs 21ST MORTGAGE →

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 297 mortgage applications in the 2023 HMDA reporting year. Of these, 219 were originated (approved and funded), 17 were withdrawn by the applicant, and 39 were denied.
What is FIRST FEDERAL BANK's mortgage approval rate?
FIRST FEDERAL BANK has an approval (origination) rate of 73.7%, meaning 73.7% of all applications resulted in a funded mortgage. The denial rate is 13.1%.
What is the average loan amount at FIRST FEDERAL BANK?
The average mortgage loan amount at FIRST FEDERAL BANK is $210,253. The average interest rate is 7.446%. The average applicant income is $34,000.
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: Other, Credit history, Debt-to-income ratio. In total, 39 applications were denied out of 297 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 246 applications and an average loan amount of $193,821.
What loan purposes does FIRST FEDERAL BANK serve?
FIRST FEDERAL BANK serves the following loan purposes: Home Purchase (149 applications), Refinancing (59 applications), Other (34 applications), Home Improvement (33 applications), Cash-out Refinancing (22 applications). Home Purchase is the most common purpose.
Where is FIRST FEDERAL BANK located?
FIRST FEDERAL BANK is headquartered in DICKSON, TN. The lender is identified by LEI 549300CNRVR02KBUDD48 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 73.7% and denial rate of 13.7%; Asian applicants have an approval rate of 50.0% 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.