PlainLender

FM Home Loans LLC

Brooklyn, NY

FM Home Loans LLC processed 2,598 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,644 loans with a 2.1% denial rate. Home Purchase was the primary loan purpose. Based in Brooklyn, NY. The approval rate of 63.3% 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. FM Home Loans LLC processed 2,598 HMDA-reported mortgage applications in 2024, originating 1,644 loans and denying 54 for a denial rate of 2.1% (applicants themselves withdrew 673 files before a decision). The average loan amount was $642,575 at a 7.138% average note rate, and applicants self-reported an average income of $39,000. The lender reports under LEI 254900ACUWEGW702BR80 from Brooklyn, NY.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. FM Home Loans LLC's 63.3% origination rate tells you how often an application turned into funded money; the 2.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Debt-to-income ratio, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,501 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.

2,598
Applications
1,644
Originated
2.1%
Denial Rate
$642,575
Avg Loan Amount
Avg Interest Rate: 7.138% Avg Applicant Income: $39,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,501 1,597 45 $643,469
FHA 92 45 9 $617,935
VA 5 2 0 $649,000

Top loan types — FM Home Loans LLC

Top loan types — FM Home Loans LLC Horizontal bar chart of the top 3 items by value (applications). Top loan types — FM Home Loans LLC Top 3 1. Conventional 2,501 2. FHA 92 3. VA 5 Top 5 loan types by application volume at FM Home Loans LLC (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 FM Home Loans LLC (LEI: 254900ACUWEGW702BR80) · 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

Collateral
16
Debt-to-income ratio
15
Credit history
10
Insufficient cash
7
Other
6
Unverifiable information
1
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 1,813 1,171 $606,517
Refinancing 779 471 $726,913
Home Improvement 6 2 $588,333

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 2,187 64.6% 1.5%
Black or African American 122 59.0% 9.0%
Asian 68 55.9% 1.5%
Joint 14 50.0% 0.0%
American Indian or Alaska Native 4 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 2,374 63.9% 1.7%
Hispanic or Latino 111 67.6% 5.4%
Joint 18 77.8% 0.0%

Nearby Lenders in NY

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

Citibank, NA

New York, NY

54,575 apps 14,104 originated 8.6% denied

M&T BANK

BUFFALO, NY

36,377 apps 20,743 originated 30.9% denied

Loan Funder LLC

New York, NY

23,955 apps 10,690 originated 11.6% denied

BETHPAGE FEDERAL CREDIT UNION

BETHPAGE, NY

21,186 apps 9,086 originated 44.3% denied

Better Mortgage Corporation

New York, NY

18,219 apps 5,450 originated 11.3% denied
Compare FM Home Loans LLC vs Citibank, NA →

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

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Frequently Asked Questions

How many mortgage applications did FM Home Loans LLC process?
FM Home Loans LLC processed 2,598 mortgage applications in the 2023 HMDA reporting year. Of these, 1,644 were originated (approved and funded), 673 were withdrawn by the applicant, and 54 were denied.
What is FM Home Loans LLC's mortgage approval rate?
FM Home Loans LLC has an approval (origination) rate of 63.3%, meaning 63.3% of all applications resulted in a funded mortgage. The denial rate is 2.1%.
What is the average loan amount at FM Home Loans LLC?
The average mortgage loan amount at FM Home Loans LLC is $642,575. The average interest rate is 7.138%. The average applicant income is $39,000.
What are the most common reasons for mortgage denial at FM Home Loans LLC?
The most common reasons for mortgage denial at FM Home Loans LLC are: Collateral, Debt-to-income ratio, Credit history. In total, 54 applications were denied out of 2,598 total applications.
What types of mortgage loans does FM Home Loans LLC offer?
FM Home Loans LLC processes Conventional, FHA, VA loans. The most common type is Conventional with 2,501 applications and an average loan amount of $643,469.
What loan purposes does FM Home Loans LLC serve?
FM Home Loans LLC serves the following loan purposes: Home Purchase (1,813 applications), Refinancing (779 applications), Home Improvement (6 applications). Home Purchase is the most common purpose.
Where is FM Home Loans LLC located?
FM Home Loans LLC is headquartered in Brooklyn, NY. The lender is identified by LEI 254900ACUWEGW702BR80 in HMDA data.
How does FM Home Loans LLC compare in lending across racial demographics?
FM Home Loans LLC reports demographic lending data under HMDA requirements. White applicants have an approval rate of 64.6% and denial rate of 1.5%; Black or African American applicants have an approval rate of 59.0% and denial rate of 9.0%; Asian applicants have an approval rate of 55.9% and denial rate of 1.5%. 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.