PlainLender

FirstBank

Lakewood, CO

FirstBank processed 5,544 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 3,423 loans with a 13.8% denial rate. Home Purchase was the primary loan purpose. Based in Lakewood, CO. The approval rate of 61.7% 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. FirstBank processed 5,544 HMDA-reported mortgage applications in 2024, originating 3,423 loans and denying 768 for a denial rate of 13.8% (applicants themselves withdrew 994 files before a decision). The average loan amount was $389,470 at a 7.609% average note rate, and applicants self-reported an average income of $39,000. The lender reports under LEI 5493009V3WNJX9V2GZ85 from Lakewood, CO.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 61.7% origination rate tells you how often an application turned into funded money; the 13.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Other, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (5,533 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.

5,544
Applications
3,423
Originated
13.8%
Denial Rate
$389,470
Avg Loan Amount
Avg Interest Rate: 7.609% Avg Applicant Income: $39,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 5,533 3,418 764 $389,556
FHA 11 5 4 $345,909

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for FirstBank (LEI: 5493009V3WNJX9V2GZ85) · 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
556
Other
385
Credit history
290
Collateral
104
Insufficient cash
15
Unverifiable information
14
Mortgage insurance denied
6
Employment history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 2,214 1,464 $645,036
Home Improvement 1,378 818 $138,019
Refinancing 1,008 641 $424,960
Other 920 486 $113,478
Cash-out Refinancing 24 14 $340,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 3,292 60.4% 14.8%
Asian 236 60.6% 14.0%
Black or African American 127 50.4% 23.6%
Joint 104 56.7% 14.4%
American Indian or Alaska Native 31 45.2% 35.5%
2 or more minority races 14 35.7% 35.7%
Native Hawaiian or Other Pacific Islander 5 20.0% 40.0%

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 2,760 61.5% 13.1%
Hispanic or Latino 829 52.1% 23.3%
Joint 170 62.4% 18.2%

Nearby Lenders in CO

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

Pulte Mortgage LLC

Englewood, CO

28,004 apps 19,692 originated 10.9% denied

AMERICAN FINANCING CORPORATION

AURORA, CO

25,138 apps 4,785 originated 52.0% denied

ENT CREDIT UNION (68671)

COLORADO SPRINGS, CO

12,486 apps 7,861 originated 23.0% denied

BELLCO CREDIT UNION

GREENWOOD VILLAGE, CO

9,877 apps 4,150 originated 30.7% denied

Mortgage Solutions of Colorado

Colorado Springs, CO

9,759 apps 5,786 originated 3.7% denied
Compare FirstBank vs Pulte Mortgage LLC →

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 FirstBank process?
FirstBank processed 5,544 mortgage applications in the 2023 HMDA reporting year. Of these, 3,423 were originated (approved and funded), 994 were withdrawn by the applicant, and 768 were denied.
What is FirstBank's mortgage approval rate?
FirstBank has an approval (origination) rate of 61.7%, meaning 61.7% of all applications resulted in a funded mortgage. The denial rate is 13.8%.
What is the average loan amount at FirstBank?
The average mortgage loan amount at FirstBank is $389,470. The average interest rate is 7.609%. The average applicant income is $39,000.
What are the most common reasons for mortgage denial at FirstBank?
The most common reasons for mortgage denial at FirstBank are: Debt-to-income ratio, Other, Credit history. In total, 768 applications were denied out of 5,544 total applications.
What types of mortgage loans does FirstBank offer?
FirstBank processes Conventional, FHA loans. The most common type is Conventional with 5,533 applications and an average loan amount of $389,556.
What loan purposes does FirstBank serve?
FirstBank serves the following loan purposes: Home Purchase (2,214 applications), Home Improvement (1,378 applications), Refinancing (1,008 applications), Other (920 applications), Cash-out Refinancing (24 applications). Home Purchase is the most common purpose.
Where is FirstBank located?
FirstBank is headquartered in Lakewood, CO. The lender is identified by LEI 5493009V3WNJX9V2GZ85 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 60.4% and denial rate of 14.8%; Asian applicants have an approval rate of 60.6% and denial rate of 14.0%; Black or African American applicants have an approval rate of 50.4% and denial rate of 23.6%. 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.