PlainLender

First State Bank

Gainesville, TX

First State Bank processed 335 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 227 loans with a 6.6% denial rate. Home Purchase was the primary loan purpose. Based in Gainesville, TX. The approval rate of 67.8% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. First State Bank processed 335 HMDA-reported mortgage applications in 2024, originating 227 loans and denying 22 for a denial rate of 6.6% (applicants themselves withdrew 64 files before a decision). The average loan amount was $345,388 at a 7.241% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 54930079VLB4FPPZ7Y58 from Gainesville, TX.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 State Bank's 67.8% origination rate tells you how often an application turned into funded money; the 6.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Collateral, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (290 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.

335
Applications
227
Originated
6.6%
Denial Rate
$345,388
Avg Loan Amount
Avg Interest Rate: 7.241% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 290 198 22 $354,276
FHA 36 22 0 $270,278
VA 7 6 0 $396,429
USDA 2 1 0 $230,000

Top loan types — First State Bank

Top loan types — First State Bank Horizontal bar chart of the top 4 items by value (applications). Top loan types — First State Bank Top 4 1. Conventional 290 2. FHA 36 3. VA 7 4. USDA 2 Top 5 loan types by application volume at First State Bank (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for First State Bank (LEI: 54930079VLB4FPPZ7Y58) · 2023 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
7
Collateral
5
Other
5
Credit history
5
Unverifiable information
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 264 188 $373,636
Cash-out Refinancing 23 8 $301,957
Other 18 12 $183,889
Refinancing 18 11 $270,000
Home Improvement 12 8 $162,500

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 266 66.2% 7.5%
Asian 8 62.5% 0.0%
Joint 5 40.0% 20.0%
American Indian or Alaska Native 2 100.0% 0.0%
Black or African American 2 50.0% 0.0%

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 246 65.8% 7.7%
Hispanic or Latino 22 63.6% 4.5%
Joint 11 72.7% 0.0%

Nearby Lenders in TX

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

Nationstar Mortgage

Coppell, TX

110,111 apps 41,693 originated 9.2% denied

DHI Mortgage Company, LTD.

Austin, TX

96,056 apps 70,673 originated 10.3% denied

PRIMELENDING

DALLAS, TX

36,578 apps 25,147 originated 5.3% denied

Credit Human Federal Credit Un

San Antonio, TX

28,052 apps 2,953 originated 75.7% denied

USAA BANK

SAN ANTONIO, TX

28,020 apps 13,205 originated 23.5% denied
Compare First State Bank vs Nationstar Mortgage →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did First State Bank process?
First State Bank processed 335 mortgage applications in the 2023 HMDA reporting year. Of these, 227 were originated (approved and funded), 64 were withdrawn by the applicant, and 22 were denied.
What is First State Bank's mortgage approval rate?
First State Bank has an approval (origination) rate of 67.8%, meaning 67.8% of all applications resulted in a funded mortgage. The denial rate is 6.6%.
What is the average loan amount at First State Bank?
The average mortgage loan amount at First State Bank is $345,388. The average interest rate is 7.241%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at First State Bank?
The most common reasons for mortgage denial at First State Bank are: Debt-to-income ratio, Collateral, Other. In total, 22 applications were denied out of 335 total applications.
What types of mortgage loans does First State Bank offer?
First State Bank processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 290 applications and an average loan amount of $354,276.
What loan purposes does First State Bank serve?
First State Bank serves the following loan purposes: Home Purchase (264 applications), Cash-out Refinancing (23 applications), Other (18 applications), Refinancing (18 applications), Home Improvement (12 applications). Home Purchase is the most common purpose.
Where is First State Bank located?
First State Bank is headquartered in Gainesville, TX. The lender is identified by LEI 54930079VLB4FPPZ7Y58 in HMDA data.
How does First State Bank compare in lending across racial demographics?
First State Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 66.2% and denial rate of 7.5%; Asian applicants have an approval rate of 62.5% and denial rate of 0.0%; Joint applicants have an approval rate of 40.0% and denial rate of 20.0%. 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.