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First Federal Savings Bank of Lincolnton

Lincolnton, NC

First Federal Savings Bank of Lincolnton processed 166 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 132 loans with a 10.8% denial rate. Home Purchase was the primary loan purpose. Based in Lincolnton, NC. The approval rate of 79.5% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 Federal Savings Bank of Lincolnton's 79.5% origination rate tells you how often an application turned into funded money; the 10.8% 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, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (166 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.

166
Applications
132
Originated
10.8%
Denial Rate
$331,807
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 166 132 18 $331,807

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for First Federal Savings Bank of Lincolnton (LEI: 549300EGTMFOWQOCQM74) · 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 Approval rates exclude withdrawn / incomplete applications.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
10
Credit history
6
Collateral
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 123 96 $382,236
Refinancing 30 26 $221,000
Other 12 9 $112,500
Home Improvement 1 1 $85,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 147 78.2% 12.2%
Asian * 1 0.0% 0.0%
Black or African American * 1 100.0% 0.0%

* 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 147 78.2% 12.2%
Hispanic or Latino * 3 66.7% 0.0%

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

Nearby Lenders in NC

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

Truist Bank

RALEIGH, NC

105,457 apps 35,865 originated 30.8% denied

Wells Fargo Bank NA

WINSTON SALEM, NC

89,959 apps 37,240 originated 19.4% denied

State Employees' Credit Union

Raleigh, NC

46,508 apps 28,065 originated 23.7% denied

Cardinal Financial Company, Li

CHARLOTTE, NC

30,212 apps 15,327 originated 6.7% denied

First Ciitizens Bank and Trust

Raleigh, NC

23,256 apps 15,162 originated 21.0% denied
Compare First Federal Savings Bank of Lincolnton vs Truist Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did First Federal Savings Bank of Lincolnton process?
First Federal Savings Bank of Lincolnton processed 166 mortgage applications in the 2024 HMDA reporting year. Of these, 132 were originated (approved and funded), 5 were withdrawn by the applicant, and 18 were denied.
What is First Federal Savings Bank of Lincolnton's mortgage approval rate?
First Federal Savings Bank of Lincolnton has an approval (origination) rate of 79.5%, meaning 79.5% of all applications resulted in a funded mortgage. The denial rate is 10.8%.
What is the average loan amount at First Federal Savings Bank of Lincolnton?
The average mortgage loan amount at First Federal Savings Bank of Lincolnton is $331,807.
What are the most common reasons for mortgage denial at First Federal Savings Bank of Lincolnton?
The most common reasons for mortgage denial at First Federal Savings Bank of Lincolnton are: Debt-to-income ratio, Credit history, Collateral. In total, 18 applications were denied out of 166 total applications.
What types of mortgage loans does First Federal Savings Bank of Lincolnton offer?
First Federal Savings Bank of Lincolnton processes Conventional loans. The most common type is Conventional with 166 applications and an average loan amount of $331,807.
What loan purposes does First Federal Savings Bank of Lincolnton serve?
First Federal Savings Bank of Lincolnton serves the following loan purposes: Home Purchase (123 applications), Refinancing (30 applications), Other (12 applications), Home Improvement (1 applications). Home Purchase is the most common purpose.
Where is First Federal Savings Bank of Lincolnton located?
First Federal Savings Bank of Lincolnton is headquartered in Lincolnton, NC. The lender is identified by LEI 549300EGTMFOWQOCQM74 in HMDA data.
How does First Federal Savings Bank of Lincolnton compare in lending across racial demographics?
First Federal Savings Bank of Lincolnton reports demographic lending data under HMDA requirements. White applicants have an approval rate of 78.2% and denial rate of 12.2%; Asian applicants have an approval rate of 0.0% and denial rate of 0.0%; Black or African American 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.

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.