First South Financial Federal Credit Union mortgage approval rate & lending review
First South Financial Federal Credit Union decided 430 mortgage applications and funded 360 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions First South Financial Federal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
First South Financial Federal Credit Union at a glance
Approval is 7.8 points above the 75.9% 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 | 97% | 178 / 183 | 100% | $255K | 178 |
| Home improvement loans | 68% | 108 / 158 | 100% | $85K | 108 |
| Cash-out refinance | 84% | 21 / 25 | 100% | $125K | 21 |
| Refinance | 78% | 29 / 37 | 100% | $185K | 29 |
First South Financial Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Tennessee | 81% | $185K | 329 | 266 |
| Mississippi | 94% | $265K | 84 | 79 |
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 South Financial Federal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Shelby County, TN | Mortgage lenders | 97% | 116 | 113 |
| Shelby County, TN | Home improvement loans | 66% | 104 | 69 |
| Shelby County, TN | Refinance | 79% | 29 | 23 |
| DeSoto County, MS | Home improvement loans | 95% | 20 | 19 |
| Shelby County, TN | Cash-out refinance | 86% | 21 | 18 |
The county markets where First South Financial Federal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about First South Financial Federal Credit Union
What is First South Financial Federal Credit Union's mortgage approval rate?
First South Financial Federal Credit Union approved 83.7% of the 430 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 7.8 points above the 75.9% national rate for the same mix of loan types.
How often do borrowers take the loan First South Financial Federal Credit Union offers?
Borrowers accepted 100% of the loans First South Financial Federal Credit Union 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 South Financial Federal Credit Union make?
The typical home purchase mortgage loan First South Financial Federal Credit Union made was $255K; across all loan types its typical loan ran from $85K to $255K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does First South Financial Federal Credit Union lend?
First South Financial Federal Credit Union decided applications in 10 of the states Fat Boy Data covers, most of them in Tennessee, Mississippi and Arkansas.
Can I apply to First South Financial Federal Credit Union directly?
Yes. First South Financial Federal Credit Union is a bank or credit union with 16 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show First South Financial Federal Credit Union'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 South Financial Federal Credit Union treats applications, then get a rate quote from the lender.