Lender profile · HMDA 2023–2025
First Source mortgage approval rates & lending data
First Source decided 1,923 mortgage applications and funded 1,626 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 87% | 313 / 358 | 94% | $155K | 294 |
| Home improvement loans | 87% | 831 / 950 | 97% | $55K | 805 |
| Refinance | 88% | 407 / 462 | 97% | $95K | 394 |
| Investment property purchase | 91% | 70 / 77 | 97% | $125K | 68 |
| Investment refinance | 97% | 37 / 38 | 100% | $165K | 37 |
First Source lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New York | 88% | $95K | 1,923 | 1,626 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.