PlainLender

FIRSTBANK

LEXINGTON, TN

FIRSTBANK processed 21,086 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 6,413 loans with a 43.2% denial rate. Home Purchase was the primary loan purpose. Based in LEXINGTON, TN. The approval rate of 30.4% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. FIRSTBANK's 30.4% origination rate tells you how often an application turned into funded money; the 43.2% 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, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (19,693 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.

21,086
Applications
6,413
Originated
43.2%
Denial Rate
$184,071
Avg Loan Amount
Avg Interest Rate: 7.263% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 19,693 5,371 9,030 $175,468
FHA 984 718 69 $283,049
VA 322 262 6 $398,540
USDA 87 62 7 $218,218

Top loan types - FIRSTBANK

Top loan types - FIRSTBANK Horizontal bar chart of the top 4 items by value (applications). Top loan types - FIRSTBANK Top 4 1. Conventional 19,693 2. FHA 984 3. VA 322 4. USDA 87 Top 5 loan types by application volume at FIRSTBANK (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 FIRSTBANK (LEI: 549300OBO7DOF2KOP535) · 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
6,153
Debt-to-income ratio
3,824
Other
2,690
Unverifiable information
577
Employment history
427
Collateral
106
Insufficient cash
52
Credit application incomplete
8

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 18,657 4,635 $174,615
Other 1,298 1,024 $201,687
Refinancing 571 408 $360,517
Cash-out Refinancing 485 286 $289,495
Home Improvement 75 60 $206,600

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 13,467 33.5% 42.5%
Black or African American 3,056 16.2% 63.5%
Joint 355 31.3% 46.8%
Asian 214 58.4% 18.2%
American Indian or Alaska Native 137 24.8% 49.6%
Native Hawaiian or Other Pacific Islander * 25 20.0% 56.0%
2 or more minority races * 24 20.8% 58.3%

* 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 14,065 34.1% 42.2%
Hispanic or Latino 2,533 14.7% 64.8%
Joint 308 34.1% 42.2%

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

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

Churchill Mortgage Corporation

BRENTWOOD, TN

11,563 apps 6,259 originated 4.0% denied
Compare FIRSTBANK vs 21st Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did FIRSTBANK process?
FIRSTBANK processed 21,086 mortgage applications in the 2024 HMDA reporting year. Of these, 6,413 were originated (approved and funded), 1,337 were withdrawn by the applicant, and 9,112 were denied.
What is FIRSTBANK's mortgage approval rate?
FIRSTBANK has an approval (origination) rate of 30.4%, meaning 30.4% of all applications resulted in a funded mortgage. The denial rate is 43.2%.
What is the average loan amount at FIRSTBANK?
The average mortgage loan amount at FIRSTBANK is $184,071. The average interest rate is 7.263%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at FIRSTBANK?
The most common reasons for mortgage denial at FIRSTBANK are: Credit history, Debt-to-income ratio, Other. In total, 9,112 applications were denied out of 21,086 total applications.
What types of mortgage loans does FIRSTBANK offer?
FIRSTBANK processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 19,693 applications and an average loan amount of $175,468.
What loan purposes does FIRSTBANK serve?
FIRSTBANK serves the following loan purposes: Home Purchase (18,657 applications), Other (1,298 applications), Refinancing (571 applications), Cash-out Refinancing (485 applications), Home Improvement (75 applications). Home Purchase is the most common purpose.
Where is FIRSTBANK located?
FIRSTBANK is headquartered in LEXINGTON, TN. The lender is identified by LEI 549300OBO7DOF2KOP535 in HMDA data.
How does FIRSTBANK compare in lending across racial demographics?
FIRSTBANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 33.5% and denial rate of 42.5%; Black or African American applicants have an approval rate of 16.2% and denial rate of 63.5%; Joint applicants have an approval rate of 31.3% and denial rate of 46.8%. 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.