PlainLender

The First Financial Federal Credit Union

Pasadena, CA

The First Financial Federal Credit Union processed 403 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 260 loans with a 24.1% denial rate. Cash-out Refinancing was the primary loan purpose. Based in Pasadena, CA. The approval rate of 64.5% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. The First Financial Federal Credit Union's 64.5% origination rate tells you how often an application turned into funded money; the 24.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (403 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.

403
Applications
260
Originated
24.1%
Denial Rate
$117,283
Avg Loan Amount
Avg Interest Rate: 8.583% Avg Applicant Income: $40,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 403 260 97 $117,283

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for The First Financial Federal Credit Union (LEI: 54930074FI0I2Q6G5S43) · 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 Approval rates exclude withdrawn / incomplete applications.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

Debt-to-income ratio
82
Credit history
21
Collateral
18
Other
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 243 161 $99,815
Home Improvement 141 97 $107,979
Home Purchase 19 2 $409,737

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 272 66.5% 23.9%
Black or African American 69 60.9% 24.6%
Asian * 29 41.4% 41.4%
Joint * 10 80.0% 10.0%
Native Hawaiian or Other Pacific Islander * 3 66.7% 33.3%
American Indian or Alaska Native * 1 100.0% 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 206 64.1% 24.8%
Hispanic or Latino 174 63.8% 24.1%
Joint * 12 66.7% 25.0%

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

Nearby Lenders in CA

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

Pennymac Loan Services LLC

WESTLAKE VILLAGE, CA

384,816 apps 67,294 originated 4.7% denied

Bank of America NA

Westlake Village, CA

233,637 apps 83,165 originated 34.6% denied

AmeriHome Mortgage Company, LLC

Thousand Oaks, CA

149,937 apps 6,250 originated 0.8% denied

Loandepot.Com, LLC

IRVINE, CA

142,924 apps 79,418 originated 23.3% denied

New American Funding, LLC.

TUSTIN, CA

118,479 apps 48,639 originated 11.1% denied
Compare The First Financial Federal Credit Union vs Pennymac Loan Services LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did The First Financial Federal Credit Union process?
The First Financial Federal Credit Union processed 403 mortgage applications in the 2024 HMDA reporting year. Of these, 260 were originated (approved and funded), 7 were withdrawn by the applicant, and 97 were denied.
What is The First Financial Federal Credit Union's mortgage approval rate?
The First Financial Federal Credit Union has an approval (origination) rate of 64.5%, meaning 64.5% of all applications resulted in a funded mortgage. The denial rate is 24.1%.
What is the average loan amount at The First Financial Federal Credit Union?
The average mortgage loan amount at The First Financial Federal Credit Union is $117,283. The average interest rate is 8.583%. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at The First Financial Federal Credit Union?
The most common reasons for mortgage denial at The First Financial Federal Credit Union are: Debt-to-income ratio, Credit history, Collateral. In total, 97 applications were denied out of 403 total applications.
What types of mortgage loans does The First Financial Federal Credit Union offer?
The First Financial Federal Credit Union processes Conventional loans. The most common type is Conventional with 403 applications and an average loan amount of $117,283.
What loan purposes does The First Financial Federal Credit Union serve?
The First Financial Federal Credit Union serves the following loan purposes: Cash-out Refinancing (243 applications), Home Improvement (141 applications), Home Purchase (19 applications). Cash-out Refinancing is the most common purpose.
Where is The First Financial Federal Credit Union located?
The First Financial Federal Credit Union is headquartered in Pasadena, CA. The lender is identified by LEI 54930074FI0I2Q6G5S43 in HMDA data.
How does The First Financial Federal Credit Union compare in lending across racial demographics?
The First Financial Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 66.5% and denial rate of 23.9%; Black or African American applicants have an approval rate of 60.9% and denial rate of 24.6%; Asian applicants have an approval rate of 41.4% and denial rate of 41.4%. 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.