First Equity Mortgage Bankers, Inc. mortgage approval rate & lending review
First Equity Mortgage Bankers, Inc. decided 2,227 mortgage applications and funded 1,821 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions First Equity Mortgage Bankers, Inc. reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to firstequity.com.
First Equity Mortgage Bankers, Inc. at a glance
Approval is 4.4 points below the 86.4% 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 | 81% | 1,499 / 1,845 | 100% | $135K | 1,495 |
| Cash-out refinance | 87% | 58 / 67 | 100% | $255K | 58 |
| Refinance | 81% | 43 / 53 | 100% | $295K | 43 |
| Investment property purchase | 84% | 169 / 202 | 99% | $175K | 168 |
| Investment cash-out refinance | 100% | 35 / 35 | 100% | $425K | 35 |
| Investment refinance | 88% | 22 / 25 | 100% | $225K | 22 |
First Equity Mortgage Bankers, Inc. lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Puerto Rico | 76% | $125K | 1,457 | 1,108 |
| Florida | 93% | $475K | 770 | 713 |
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 Equity Mortgage Bankers, Inc. lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Bayamón Municipio, PR | Mortgage lenders | 79% | 350 | 274 |
| San Juan Municipio, PR | Mortgage lenders | 70% | 365 | 255 |
| Miami-Dade County, FL | Mortgage lenders | 94% | 256 | 240 |
| Carolina Municipio, PR | Mortgage lenders | 73% | 255 | 185 |
| Ponce Municipio, PR | Mortgage lenders | 86% | 173 | 148 |
| Caguas Municipio, PR | Mortgage lenders | 77% | 139 | 107 |
| Carolina Municipio, PR | Investment property purchase | 76% | 25 | 19 |
The county markets where First Equity Mortgage Bankers, Inc. made the most loans. Each link opens that market with every lender ranked.
Questions about First Equity Mortgage Bankers, Inc.
What is First Equity Mortgage Bankers, Inc.'s mortgage approval rate?
First Equity Mortgage Bankers, Inc. approved 82.0% of the 2,227 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 4.4 points below the 86.4% national rate for the same mix of loan types.
How often do borrowers take the loan First Equity Mortgage Bankers, Inc. offers?
Borrowers accepted 100% of the loans First Equity Mortgage Bankers, Inc. approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does First Equity Mortgage Bankers, Inc. make?
The typical home purchase mortgage loan First Equity Mortgage Bankers, Inc. made was $135K; across all loan types its typical loan ran from $135K to $425K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does First Equity Mortgage Bankers, Inc. lend?
First Equity Mortgage Bankers, Inc. decided applications in 2 of the states Fat Boy Data covers, most of them in Puerto Rico and Florida.
Can I apply to First Equity Mortgage Bankers, Inc. directly?
Yes. First Equity Mortgage Bankers, Inc. reports as a direct lender that takes applications from borrowers. Its website is firstequity.com.
Does this page show First Equity Mortgage Bankers, Inc.'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 Equity Mortgage Bankers, Inc. treats applications, then get a rate quote from the lender.