Lender profile · HMDA 2023–2025
First Commerce mortgage approval rates & lending data
First Commerce decided 720 mortgage applications and funded 566 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 | 85% | 165 / 193 | 98% | $295K | 161 |
| Home improvement loans | 89% | 160 / 180 | 95% | $55K | 152 |
| Cash-out refinance | 76% | 136 / 179 | 88% | $85K | 120 |
| Refinance | 71% | 25 / 35 | 100% | $165K | 25 |
| Investment property purchase | 87% | 33 / 38 | 100% | $155K | 33 |
| Investment cash-out refinance | 84% | 49 / 58 | 86% | $75K | 42 |
First Commerce lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Florida | 85% | $85K | 627 | 502 |
| Georgia | 72% | $65K | 89 | 62 |
| Alabama | 50% | $205K | 2 | 1 |
| North Carolina | 100% | $265K | 1 | 1 |
| Tennessee | 0% | — | 1 | 0 |
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.