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First South Financial Federal Credit Union

Bartlett, TN

First South Financial Federal Credit Union processed 189 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 115 loans with a 6.3% denial rate. Home Purchase was the primary loan purpose. Based in Bartlett, TN. The approval rate of 60.8% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 South Financial Federal Credit Union's 60.8% origination rate tells you how often an application turned into funded money; the 6.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (140 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.

189
Applications
115
Originated
6.3%
Denial Rate
$248,651
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 140 92 7 $262,643
FHA 42 21 4 $199,762
USDA 5 2 1 $171,000
VA 2 0 0 $490,000

Top loan types - First South Financial Federal Credit Union

Top loan types - First South Financial Federal Credit Union Horizontal bar chart of the top 4 items by value (applications). Top loan types - First South Financial Federal Credit Union Top 4 1. Conventional 140 2. FHA 42 3. USDA 5 4. VA 2 Top 5 loan types by application volume at First South Financial Federal Credit Union (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for First South Financial Federal Credit Union (LEI: 549300K2JM6ID3V5LO24) · 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

Credit history
7
Debt-to-income ratio
3
Collateral
1
Employment history
1
Insufficient cash
1
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 149 89 $253,255
Cash-out Refinancing 23 16 $208,043
Refinancing 16 10 $236,250
Home Improvement 1 0 $695,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 120 72.5% 3.3%
Black or African American * 49 36.7% 12.2%
Asian * 9 55.6% 11.1%
Joint * 3 66.7% 0.0%
American Indian or Alaska Native * 2 50.0% 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 168 61.9% 6.5%
Hispanic or Latino * 11 36.4% 0.0%
Joint * 4 100.0% 0.0%

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

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 South Financial Federal Credit Union vs 21st Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did First South Financial Federal Credit Union process?
First South Financial Federal Credit Union processed 189 mortgage applications in the 2024 HMDA reporting year. Of these, 115 were originated (approved and funded), 36 were withdrawn by the applicant, and 12 were denied.
What is First South Financial Federal Credit Union's mortgage approval rate?
First South Financial Federal Credit Union has an approval (origination) rate of 60.8%, meaning 60.8% of all applications resulted in a funded mortgage. The denial rate is 6.3%.
What is the average loan amount at First South Financial Federal Credit Union?
The average mortgage loan amount at First South Financial Federal Credit Union is $248,651.
What are the most common reasons for mortgage denial at First South Financial Federal Credit Union?
The most common reasons for mortgage denial at First South Financial Federal Credit Union are: Credit history, Debt-to-income ratio, Collateral. In total, 12 applications were denied out of 189 total applications.
What types of mortgage loans does First South Financial Federal Credit Union offer?
First South Financial Federal Credit Union processes Conventional, FHA, USDA, VA loans. The most common type is Conventional with 140 applications and an average loan amount of $262,643.
What loan purposes does First South Financial Federal Credit Union serve?
First South Financial Federal Credit Union serves the following loan purposes: Home Purchase (149 applications), Cash-out Refinancing (23 applications), Refinancing (16 applications), Home Improvement (1 applications). Home Purchase is the most common purpose.
Where is First South Financial Federal Credit Union located?
First South Financial Federal Credit Union is headquartered in Bartlett, TN. The lender is identified by LEI 549300K2JM6ID3V5LO24 in HMDA data.
How does First South Financial Federal Credit Union compare in lending across racial demographics?
First South Financial Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 72.5% and denial rate of 3.3%; Black or African American applicants have an approval rate of 36.7% and denial rate of 12.2%; Asian applicants have an approval rate of 55.6% and denial rate of 11.1%. 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.