# First American Bank

> **Canonical URL:** https://saferate.com/lenders/first-american-bank-nm


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


First American Bank is a bank, headquartered in Artesia, NM, serving borrowers across 3 states, with 84 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 33% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 67% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493005KZM1DEUYVS783
- **Headquarters:** Artesia, NM
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** IN, NM, TX
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 67/100
- Rating: ●●●●○ (4/5)

### Pull Through: Acceptable 🙂
- Score: 33/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.380%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,266
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 84
- **Dollar Volume:** $23 million
- **Applications Received:** 137
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $267,857
- **Average Borrower Income:** $129,036
- **Average Property Value:** $348,690

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (71%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 35/100 | 43 | +0.343% | $1,445 | Acceptable 🙂 |
| FHA | 58/100 | 36 | +0.439% | $679 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 40 loans, Score: 37/100 (Acceptable)

**FHA:**
- Purchase: 36 loans, Score: 58/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 43/100 | 81 | $22M | +0.371% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NM | 78 | 0.38% | 73/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 57 | 54/100 |
| Las Cruces, NM | NM | 24 | 62/100 |

## Where This Lender Ranks

First American Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#4** in Las Cruces, NM Banks
  - [View Full Rankings](https://saferate.com/las-cruces-nm/best-mortgage-lenders/banks)
- 🏆 **#5** in New Mexico for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/new-mexico/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#9** in Las Cruces, NM for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/las-cruces-nm/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#11** in New Mexico for FHA Loans
  - [View Full Rankings](https://saferate.com/new-mexico/best-mortgage-lenders/fha-loans)
- 🏆 **#14** in New Mexico Banks
  - [View Full Rankings](https://saferate.com/new-mexico/best-mortgage-lenders/banks)
- 🏆 **#16** in New Mexico for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/new-mexico/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#18** in Las Cruces, NM
  - [View Full Rankings](https://saferate.com/las-cruces-nm/best-mortgage-lenders)

## Frequently Asked Questions

### What loan types does First American Bank offer?

First American Bank offers the following mortgage loan types: FHA, Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does First American Bank offer mortgages?

First American Bank offers mortgages in 3 states: IN, NM, TX.

### How competitive are First American Bank's mortgage rates?

First American Bank has a pricing score of 67/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.380% above market average.

### What type of lender is First American Bank?

First American Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Artesia, NM.

### What is First American Bank's loan approval success rate?

First American Bank has a pull-through score of 33/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/first-american-bank-nm

### How to Cite

> "First American Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-american-bank-nm

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