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First National Bank of America

EAST LANSING, MI

First National Bank of America processed 7,246 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 3,672 loans with a 10.6% denial rate. Home Purchase was the primary loan purpose. Based in EAST LANSING, MI. The approval rate of 50.7% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 National Bank of America's 50.7% origination rate tells you how often an application turned into funded money; the 10.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Credit history, Insufficient cash, which together explain the majority of rejections. Most activity concentrated in Conventional loans (7,246 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.

7,246
Applications
3,672
Originated
10.6%
Denial Rate
$272,491
Avg Loan Amount
Avg Interest Rate: 9.608% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 7,246 3,672 771 $272,491

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for First National Bank of America (LEI: 254900WTZC5SSKIN2M11) · 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 Approval rates exclude withdrawn / incomplete applications.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

Collateral
304
Credit history
166
Insufficient cash
110
Credit application incomplete
89
Debt-to-income ratio
87
Other
75
Unverifiable information
70

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 6,207 3,275 $278,573
Cash-out Refinancing 362 137 $280,939
Refinancing 261 112 $272,126
Other 223 94 $206,928
Home Improvement 122 54 $156,475

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 4,289 67.5% 12.4%
Black or African American 94 42.5% 27.7%
Asian 83 59.0% 14.5%
American Indian or Alaska Native 67 53.7% 19.4%
Joint * 21 61.9% 23.8%
2 or more minority races * 9 44.4% 44.4%
Native Hawaiian or Other Pacific Islander * 4 75.0% 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
Hispanic or Latino 4,355 68.5% 11.7%
Not Hispanic or Latino 638 47.0% 24.1%
Joint * 40 60.0% 27.5%

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

Nearby Lenders in MI

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

Rocket Mortgage

DETROIT, MI

553,854 apps 361,071 originated 14.9% denied

United Wholesale Mortgage

Pontiac, MI

493,978 apps 366,078 originated 11.7% denied

Flagstar Bank NA

Troy, MI

67,778 apps 29,443 originated 18.5% denied

Lake Michigan Credit Union

Grand Rapids, MI

16,222 apps 12,245 originated 8.3% denied

Northpointe Bank

Grand Rapids, MI

9,882 apps 5,580 originated 5.5% denied
Compare First National Bank of America vs Rocket Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did First National Bank of America process?
First National Bank of America processed 7,246 mortgage applications in the 2024 HMDA reporting year. Of these, 3,672 were originated (approved and funded), 1,074 were withdrawn by the applicant, and 771 were denied.
What is First National Bank of America's mortgage approval rate?
First National Bank of America has an approval (origination) rate of 50.7%, meaning 50.7% of all applications resulted in a funded mortgage. The denial rate is 10.6%.
What is the average loan amount at First National Bank of America?
The average mortgage loan amount at First National Bank of America is $272,491. The average interest rate is 9.608%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at First National Bank of America?
The most common reasons for mortgage denial at First National Bank of America are: Collateral, Credit history, Insufficient cash. In total, 771 applications were denied out of 7,246 total applications.
What types of mortgage loans does First National Bank of America offer?
First National Bank of America processes Conventional loans. The most common type is Conventional with 7,246 applications and an average loan amount of $272,491.
What loan purposes does First National Bank of America serve?
First National Bank of America serves the following loan purposes: Home Purchase (6,207 applications), Cash-out Refinancing (362 applications), Refinancing (261 applications), Other (223 applications), Home Improvement (122 applications). Home Purchase is the most common purpose.
Where is First National Bank of America located?
First National Bank of America is headquartered in EAST LANSING, MI. The lender is identified by LEI 254900WTZC5SSKIN2M11 in HMDA data.
How does First National Bank of America compare in lending across racial demographics?
First National Bank of America reports demographic lending data under HMDA requirements. White applicants have an approval rate of 67.5% and denial rate of 12.4%; Black or African American applicants have an approval rate of 42.5% and denial rate of 27.7%; Asian applicants have an approval rate of 59.0% and denial rate of 14.5%. 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.

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.