First Option Mortgage, LLC

Compiled by PlainLender Editorial, Mortgage Lending Editorial Team · May 16, 2026

SUWANEE, GA

First Option Mortgage, LLC processed 3,176 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 2,216 loans with a 2.8% denial rate. Home Purchase was the primary loan purpose. Based in SUWANEE, GA. The approval rate of 69.8% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 Option Mortgage, LLC's 69.8% origination rate tells you how often an application turned into funded money; the 2.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Collateral, Credit application incomplete, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,073 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.

3,176

Applications

2,216

Originated

2.8%

Denial Rate

$288,759

Avg Loan Amount

Avg Interest Rate: 7.052% Avg Applicant Income: $41,000

Lending Activity

Type	Applications	Originated	Denied	Avg Loan
Conventional	2,073	1,452	49	$278,020
FHA	1,027	711	38	$307,123
VA	64	44	1	$353,281
USDA	12	9	1	$228,333

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for First Option Mortgage, LLC (LEI: 549300PFJ7GCGDLB2E65) · 2024 Accessed 2026-07-23 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

Collateral

Credit application incomplete

Unverifiable information

Employment history

Credit history

Insufficient cash

Loan Purpose Breakdown

Purpose	Applications	Originated	Avg Loan
Home Purchase	2,915	2,056	$288,770
Cash-out Refinancing	186	112	$274,032
Refinancing	75	48	$324,867

Geographic Coverage — Lending by Race

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

Race	Applications	Approval Rate	Denial Rate
White	2,552	70.3%	2.5%
Asian	289	72.7%	2.4%
Black or African American	248	59.3%	6.5%
American Indian or Alaska Native *	41	73.2%	0.0%
Joint *	33	84.8%	3.0%
2 or more minority races *	6	66.7%	16.7%

* 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	1,805	68.8%	2.7%
Not Hispanic or Latino	1,306	70.8%	3.0%
Joint	58	79.3%	1.7%

Nearby Lenders in GA

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

Amerisave Mortgage Company

SANDY SPRINGS, GA

107,775 apps 16,102 originated 69.0% denied

Ameris Bank

Atlanta, GA

20,452 apps 14,604 originated 7.8% denied

Equity Prime Mortgage LLC

Atlanta, GA

18,565 apps 10,954 originated 3.6% denied

Renasant Bank

JOHNS CREEK, GA

10,267 apps 7,420 originated 9.3% denied

Synovus Bank

COLUMBUS, GA

8,388 apps 5,114 originated 21.6% denied

Compare First Option Mortgage, LLC vs Amerisave Mortgage Company →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did First Option Mortgage, LLC process?

First Option Mortgage, LLC processed 3,176 mortgage applications in the 2024 HMDA reporting year. Of these, 2,216 were originated (approved and funded), 484 were withdrawn by the applicant, and 89 were denied.

What is First Option Mortgage, LLC's mortgage approval rate?

First Option Mortgage, LLC has an approval (origination) rate of 69.8%, meaning 69.8% of all applications resulted in a funded mortgage. The denial rate is 2.8%.

What is the average loan amount at First Option Mortgage, LLC?

The average mortgage loan amount at First Option Mortgage, LLC is $288,759. The average interest rate is 7.052%. The average applicant income is $41,000.

What are the most common reasons for mortgage denial at First Option Mortgage, LLC?

The most common reasons for mortgage denial at First Option Mortgage, LLC are: Debt-to-income ratio, Collateral, Credit application incomplete. In total, 89 applications were denied out of 3,176 total applications.

What types of mortgage loans does First Option Mortgage, LLC offer?

First Option Mortgage, LLC processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 2,073 applications and an average loan amount of $278,020.

What loan purposes does First Option Mortgage, LLC serve?

First Option Mortgage, LLC serves the following loan purposes: Home Purchase (2,915 applications), Cash-out Refinancing (186 applications), Refinancing (75 applications). Home Purchase is the most common purpose.

Where is First Option Mortgage, LLC located?

First Option Mortgage, LLC is headquartered in SUWANEE, GA. The lender is identified by LEI 549300PFJ7GCGDLB2E65 in HMDA data.

How does First Option Mortgage, LLC compare in lending across racial demographics?

First Option Mortgage, LLC reports demographic lending data under HMDA requirements. White applicants have an approval rate of 70.3% and denial rate of 2.5%; Asian applicants have an approval rate of 72.7% and denial rate of 2.4%; Black or African American applicants have an approval rate of 59.3% and denial rate of 6.5%. 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.