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First Seacoast Bank

DOVER, NH

First Seacoast Bank processed 119 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 65 loans with a 11.8% denial rate. Home Purchase was the primary loan purpose. Based in DOVER, NH. The approval rate of 54.6% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 Seacoast Bank's 54.6% origination rate tells you how often an application turned into funded money; the 11.8% 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 (119 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.

119
Applications
65
Originated
11.8%
Denial Rate
$389,370
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 119 65 14 $389,370

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for First Seacoast Bank (LEI: 549300QHFDNFAMLATM94) · 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 Approval rates exclude withdrawn / incomplete applications.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
9
Credit history
6
Collateral
5
Other
5
Employment history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 85 46 $482,176
Cash-out Refinancing 12 7 $208,333
Home Improvement 11 7 $117,727
Other 8 3 $103,750
Refinancing 3 2 $241,667

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 82 64.6% 13.4%
Joint * 2 50.0% 0.0%
American Indian or Alaska Native * 1 100.0% 0.0%
Black or African American * 1 0.0% 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 79 62.0% 13.9%

Nearby Lenders in NH

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

Service Federal Credit Union

PORTSMOUTH, NH

3,501 apps 1,834 originated 26.9% denied

Lighthouse Federal Credit Union

PORTSMOUTH, NH

2,531 apps 1,206 originated 29.8% denied

Harborone Mortgage, LLC

MANCHESTER, NH

2,207 apps 1,557 originated 9.5% denied

St. Mary'S Bank Cu

MANCHESTER, NH

1,395 apps 883 originated 24.5% denied

Mascoma Bank

Lebanon, NH

1,244 apps 864 originated 15.4% denied
Compare First Seacoast Bank vs Service Federal Credit Union →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did First Seacoast Bank process?
First Seacoast Bank processed 119 mortgage applications in the 2024 HMDA reporting year. Of these, 65 were originated (approved and funded), 20 were withdrawn by the applicant, and 14 were denied.
What is First Seacoast Bank's mortgage approval rate?
First Seacoast Bank has an approval (origination) rate of 54.6%, meaning 54.6% of all applications resulted in a funded mortgage. The denial rate is 11.8%.
What is the average loan amount at First Seacoast Bank?
The average mortgage loan amount at First Seacoast Bank is $389,370.
What are the most common reasons for mortgage denial at First Seacoast Bank?
The most common reasons for mortgage denial at First Seacoast Bank are: Debt-to-income ratio, Credit history, Collateral. In total, 14 applications were denied out of 119 total applications.
What types of mortgage loans does First Seacoast Bank offer?
First Seacoast Bank processes Conventional loans. The most common type is Conventional with 119 applications and an average loan amount of $389,370.
What loan purposes does First Seacoast Bank serve?
First Seacoast Bank serves the following loan purposes: Home Purchase (85 applications), Cash-out Refinancing (12 applications), Home Improvement (11 applications), Other (8 applications), Refinancing (3 applications). Home Purchase is the most common purpose.
Where is First Seacoast Bank located?
First Seacoast Bank is headquartered in DOVER, NH. The lender is identified by LEI 549300QHFDNFAMLATM94 in HMDA data.
How does First Seacoast Bank compare in lending across racial demographics?
First Seacoast Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 64.6% and denial rate of 13.4%; Joint applicants have an approval rate of 50.0% and denial rate of 0.0%; American Indian or Alaska Native 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.