The First Bank mortgage approval rate & lending review
The First Bank decided 1,609 mortgage applications and funded 1,361 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions The First Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
The First Bank at a glance
Approval is 5.6 points above the 79.8% 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 | 86% | 567 / 663 | 98% | $195K | 558 |
| Home improvement loans | 66% | 173 / 262 | 100% | $65K | 173 |
| Cash-out refinance | 77% | 20 / 26 | 90% | $165K | 18 |
| Refinance | 87% | 227 / 262 | 100% | $105K | 226 |
| Investment property purchase | 97% | 170 / 176 | 100% | $245K | 170 |
| Investment refinance | 99% | 196 / 198 | 100% | $105K | 196 |
The First Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Mississippi | 84% | $195K | 441 | 368 |
| Florida | 85% | $295K | 343 | 287 |
| Alabama | 89% | $105K | 337 | 296 |
| Louisiana | 87% | $135K | 297 | 256 |
| Georgia | 82% | $125K | 185 | 149 |
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 The First Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Mobile County, AL | Mortgage lenders | 90% | 69 | 59 |
| Rankin County, MS | Mortgage lenders | 92% | 60 | 55 |
| Harrison County, MS | Mortgage lenders | 87% | 61 | 53 |
| Hinds County, MS | Mortgage lenders | 66% | 74 | 48 |
| Jackson County, MS | Mortgage lenders | 84% | 51 | 43 |
| Baldwin County, AL | Refinance | 86% | 49 | 42 |
| Madison County, MS | Mortgage lenders | 82% | 50 | 41 |
| Leon County, FL | Mortgage lenders | 95% | 41 | 39 |
| Okaloosa County, FL | Mortgage lenders | 97% | 35 | 32 |
| Santa Rosa County, FL | Mortgage lenders | 78% | 41 | 32 |
| Mobile County, AL | Refinance | 83% | 36 | 30 |
| Baldwin County, AL | Home improvement loans | 79% | 34 | 27 |
The county markets where The First Bank made the most loans. Each link opens that market with every lender ranked.
Questions about The First Bank
What is The First Bank's mortgage approval rate?
The First Bank approved 85.3% of the 1,609 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 5.6 points above the 79.8% national rate for the same mix of loan types.
How often do borrowers take the loan The First Bank offers?
Borrowers accepted 99% of the loans The First 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 The First Bank make?
The typical home purchase mortgage loan The First Bank made was $195K; across all loan types its typical loan ran from $65K to $245K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does The First Bank lend?
The First Bank decided applications in 10 of the states Fat Boy Data covers, most of them in Mississippi, Florida and Alabama.
Can I apply to The First Bank directly?
Yes. The First Bank is a bank or credit union with 303 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show The First 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 The First Bank treats applications, then get a rate quote from the lender.