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First Southern National Bank

STANFORD, KY

First Southern National Bank processed 538 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 475 loans with a 3.9% denial rate. Home Purchase was the primary loan purpose. Based in STANFORD, KY. The approval rate of 88.3% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 Southern National Bank's 88.3% origination rate tells you how often an application turned into funded money; the 3.9% 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, Employment history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (538 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.

538
Applications
475
Originated
3.9%
Denial Rate
$168,625
Avg Loan Amount
Avg Interest Rate: 8.116% Avg Applicant Income: $32,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 538 475 21 $168,625

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for First Southern National Bank (LEI: 549300C853H86L248593) · 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 Approval rates exclude withdrawn / incomplete applications.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
14
Debt-to-income ratio
11
Employment history
2
Other
1
Collateral
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 197 171 $258,096
Refinancing 163 150 $168,558
Other 97 90 $81,289
Home Improvement 81 64 $55,741

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 453 87.0% 4.6%
Asian * 3 100.0% 0.0%
Black or African American * 3 66.7% 0.0%
Joint * 3 100.0% 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 458 86.9% 4.6%
Hispanic or Latino * 3 100.0% 0.0%
Joint * 1 100.0% 0.0%

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

Nearby Lenders in KY

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

Stockton Mortgage Corporation

FRANKFORT, KY

12,011 apps 7,797 originated 6.5% denied

Liberty Federal Credit Union

Louisville, KY

6,132 apps 4,679 originated 7.9% denied

Farm Credit Mid-America, Aca

LOUISVILLE, KY

5,902 apps 4,311 originated 10.4% denied

Magnolia Bank

Elizabethtown, KY

5,338 apps 4,002 originated 7.8% denied

Republic Bank & Trust

LOUISVILLE, KY

3,866 apps 2,192 originated 13.1% denied
Compare First Southern National Bank vs Stockton Mortgage Corporation →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did First Southern National Bank process?
First Southern National Bank processed 538 mortgage applications in the 2024 HMDA reporting year. Of these, 475 were originated (approved and funded), 42 were withdrawn by the applicant, and 21 were denied.
What is First Southern National Bank's mortgage approval rate?
First Southern National Bank has an approval (origination) rate of 88.3%, meaning 88.3% of all applications resulted in a funded mortgage. The denial rate is 3.9%.
What is the average loan amount at First Southern National Bank?
The average mortgage loan amount at First Southern National Bank is $168,625. The average interest rate is 8.116%. The average applicant income is $32,000.
What are the most common reasons for mortgage denial at First Southern National Bank?
The most common reasons for mortgage denial at First Southern National Bank are: Credit history, Debt-to-income ratio, Employment history. In total, 21 applications were denied out of 538 total applications.
What types of mortgage loans does First Southern National Bank offer?
First Southern National Bank processes Conventional loans. The most common type is Conventional with 538 applications and an average loan amount of $168,625.
What loan purposes does First Southern National Bank serve?
First Southern National Bank serves the following loan purposes: Home Purchase (197 applications), Refinancing (163 applications), Other (97 applications), Home Improvement (81 applications). Home Purchase is the most common purpose.
Where is First Southern National Bank located?
First Southern National Bank is headquartered in STANFORD, KY. The lender is identified by LEI 549300C853H86L248593 in HMDA data.
How does First Southern National Bank compare in lending across racial demographics?
First Southern National Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 87.0% and denial rate of 4.6%; Asian applicants have an approval rate of 100.0% and denial rate of 0.0%; Black or African American applicants have an approval rate of 66.7% 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.