First Independence Bank mortgage approval rate & lending review
First Independence Bank decided 313 mortgage applications and funded 277 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions First Independence Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
First Independence Bank at a glance
Approval is 5.8 points above the 83.7% 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 | 92% | 218 / 236 | 100% | $425K | 218 |
| Refinance | 89% | 25 / 28 | 100% | $315K | 25 |
First Independence Bank lending by state
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 Independence Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Oakland County, MI | Mortgage lenders | 98% | 110 | 108 |
The county markets where First Independence Bank made the most loans. Each link opens that market with every lender ranked.
Questions about First Independence Bank
What is First Independence Bank's mortgage approval rate?
First Independence Bank approved 89.5% of the 313 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 5.8 points above the 83.7% national rate for the same mix of loan types.
How often do borrowers take the loan First Independence Bank offers?
Borrowers accepted 99% of the loans First Independence Bank 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 Independence Bank make?
The typical home purchase mortgage loan First Independence Bank made was $425K; across all loan types its typical loan ran from $315K to $425K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does First Independence Bank lend?
First Independence Bank decided applications in 3 of the states Fat Boy Data covers, most of them in Michigan, Minnesota and Illinois.
Can I apply to First Independence Bank directly?
Yes. First Independence Bank is a bank or credit union with 5 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show First Independence 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 Independence Bank treats applications, then get a rate quote from the lender.