First American Bank mortgage approval rate & lending review
First American Bank decided 8,622 mortgage applications and funded 5,681 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions First American Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
First American Bank at a glance
Approval is 3.0 points below the 70.7% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 74% | 718 / 967 | 96% | $235K | 686 |
| Home improvement loans | 65% | 2,706 / 4,173 | 98% | $105K | 2,643 |
| Cash-out refinance | 61% | 226 / 369 | 92% | $205K | 209 |
| Refinance | 71% | 1,860 / 2,623 | 98% | $105K | 1,832 |
| Investment property purchase | 80% | 167 / 209 | 95% | $185K | 159 |
| Investment cash-out refinance | 55% | 78 / 141 | 91% | $175K | 71 |
| Investment refinance | 67% | 36 / 54 | 100% | $105K | 36 |
| Investment home improvement | 55% | 47 / 86 | 96% | $175K | 45 |
First American Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Illinois | 69% | $105K | 6,830 | 4,574 |
| Florida | 58% | $155K | 951 | 541 |
| Wisconsin | 69% | $105K | 450 | 303 |
| California | 66% | $105K | 64 | 42 |
| Indiana | 70% | $105K | 57 | 38 |
| Arizona | 83% | $205K | 35 | 29 |
| Michigan | 82% | $205K | 33 | 27 |
| South Carolina | 56% | $205K | 25 | 13 |
| Georgia | 76% | $195K | 21 | 16 |
| Colorado | 90% | $105K | 20 | 16 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where First American Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Cook County, IL | Home improvement loans | 63% | 1,548 | 941 |
| Cook County, IL | Refinance | 69% | 1,013 | 691 |
| DuPage County, IL | Home improvement loans | 72% | 487 | 342 |
| Kane County, IL | Home improvement loans | 73% | 343 | 247 |
| DuPage County, IL | Refinance | 72% | 302 | 215 |
| Will County, IL | Home improvement loans | 65% | 330 | 211 |
| Kane County, IL | Refinance | 80% | 235 | 184 |
| Lake County, IL | Refinance | 80% | 236 | 183 |
| Lake County, IL | Home improvement loans | 69% | 267 | 180 |
| Will County, IL | Refinance | 70% | 230 | 161 |
| Miami-Dade County, FL | Home improvement loans | 52% | 263 | 134 |
| McHenry County, IL | Home improvement loans | 73% | 157 | 111 |
The county markets where First American Bank made the most loans. Each link opens that market with every lender ranked.
Questions about First American Bank
What is First American Bank's mortgage approval rate?
First American Bank approved 67.7% of the 8,622 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 3.0 points below the 70.7% national rate for the same mix of loan types.
How often do borrowers take the loan First American Bank offers?
Borrowers accepted 97% of the loans First American Bank approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does First American Bank make?
The typical home improvement loan loan First American Bank made was $105K; across all loan types its typical loan ran from $105K to $235K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does First American Bank lend?
First American Bank decided applications in 33 of the states Fat Boy Data covers, most of them in Illinois, Florida and Wisconsin.
Can I apply to First American Bank directly?
Yes. First American Bank is a bank or credit union with 79 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show First American Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how First American Bank treats applications, then get a rate quote from the lender.