# FIRST COLONY MORTGAGE CORPORATION

> **Canonical URL:** https://saferate.com/lenders/first-colony-mortgage


> **📋 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 COLONY MORTGAGE CORPORATION is a independent mortgage company, headquartered in OREM, UT, serving borrowers nationwide, with 6,680 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 58% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 16% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 5493003V40VGM7YDFM54
- **Headquarters:** OREM, UT
- **Geographic Reach:** National
- **States Served:** 45
- **State List:** AL, AR, AZ, CA, CO, CT, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WI, WV, WY
- **Markets (MSAs):** 50
- **Primary Channel:** mix
- **Direct Origination:** 37.9%
- **Brokered/Wholesale:** 62.1%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 42/100
- Rating: ●●●○○ (3/5)

### Pull Through: Exceptional 🤩
- Score: 84/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** +0.209%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,964
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 6,680
- **Dollar Volume:** $2.7 billion
- **Applications Received:** 8,876
- **Market Share:** 19.00%

## Typical Borrower Profile

- **Average Loan Amount:** $401,079
- **Average Borrower Income:** $149,671
- **Average Property Value:** $513,355

## Safe Rate Awards 🏆

- 💎 **VA Diamond Champion** (83%)
- ⭐ **Conventional Gold Superstar** (62%)
- ⭐ **FHA Gold Superstar** (70%)
- ⭐ **USDA Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (70%)
- ⭐ **Refinance Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 87/100 | 4,396 | +0.228% | $3,083 | Exceptional 🤩 |
| FHA | 87/100 | 1,564 | +0.355% | $2,896 | Exceptional 🤩 |
| VA | 84/100 | 542 | -0.463% | $1,969 | Exceptional 🤩 |
| Jumbo | 79/100 | 72 | +0.538% | $3,304 | Strong 😀 |
| USDA | 87/100 | 106 | +0.144% | $2,403 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 3,709 loans, Score: 87/100 (Exceptional)
- Refinance: 687 loans, Score: 79/100 (Strong)

**FHA:**
- Purchase: 1,400 loans, Score: 87/100 (Exceptional)
- Refinance: 164 loans, Score: 80/100 (Exceptional)

**VA:**
- Purchase: 494 loans, Score: 84/100 (Exceptional)
- Refinance: 48 loans, Score: 52/100 (Sound)

**Jumbo:**
- Purchase: 54 loans, Score: 78/100 (Strong)

**USDA:**
- Purchase: 103 loans, Score: 87/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 88/100 | 5,760 | $2.3B | +0.221% | Exceptional 🤩 |
| Refinance | 80/100 | 920 | $345M | +0.147% | Exceptional 🤩 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| UT | 2,357 | 5.24% | 96/100 |
| WI | 815 | 1.24% | 84/100 |
| CA | 598 | 0.21% | 70/100 |
| ID | 362 | 1.35% | 74/100 |
| AL | 322 | 0.54% | 76/100 |
| FL | 241 | 0.08% | 60/100 |
| PA | 233 | 0.19% | 66/100 |
| GA | 231 | 0.17% | 66/100 |
| TN | 195 | 0.21% | 66/100 |
| TX | 169 | 0.05% | 57/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Provo | UT | 1,031 | 100/100 |
| Non |  | 755 | 73/100 |
| Salt Lake City | UT | 604 | 89/100 |
| Milwaukee | WI | 306 | 80/100 |
| Ogden, UT | UT | 221 | 81/100 |
| Logan, UT | UT-ID | 212 | 100/100 |
| Green Bay, WI | WI | 204 | 90/100 |
| Huntsville, AL | AL | 190 | 81/100 |
| St. George, UT | UT | 173 | 87/100 |
| Los Angeles | CA | 167 | 67/100 |
| Riverside | CA | 117 | 62/100 |
| Montgomery County | PA | 99 | 68/100 |
| Boise City, ID | ID | 98 | 64/100 |
| Pocatello, ID | ID | 98 | 80/100 |
| Dallas | TX | 82 | 58/100 |

## Where This Lender Ranks

FIRST COLONY MORTGAGE CORPORATION appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Pocatello, ID
  - [View Full Rankings](https://saferate.com/pocatello-id/best-mortgage-lenders)
- 🥇 **#1** in Pocatello, ID Mortgage Companies
  - [View Full Rankings](https://saferate.com/pocatello-id/best-mortgage-lenders/mortgage-companies)
- 🥇 **#1** in Pocatello, ID for VA Loans
  - [View Full Rankings](https://saferate.com/pocatello-id/best-mortgage-lenders/va-loans)
- 🥇 **#1** in Pocatello, ID for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/pocatello-id/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥈 **#2** in Utah
  - [View Full Rankings](https://saferate.com/utah/best-mortgage-lenders)
- 🥈 **#2** in Utah Mortgage Companies
  - [View Full Rankings](https://saferate.com/utah/best-mortgage-lenders/mortgage-companies)
- 🥈 **#2** in Utah for VA Loans
  - [View Full Rankings](https://saferate.com/utah/best-mortgage-lenders/va-loans)
- 🥈 **#2** in Utah for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/utah/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥈 **#2** in Provo
  - [View Full Rankings](https://saferate.com/provo/best-mortgage-lenders)
- 🥈 **#2** in Provo Mortgage Companies
  - [View Full Rankings](https://saferate.com/provo/best-mortgage-lenders/mortgage-companies)
- 🥈 **#2** in Provo for VA Loans
  - [View Full Rankings](https://saferate.com/provo/best-mortgage-lenders/va-loans)
- 🥈 **#2** in Provo for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/provo/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥈 **#2** in Wisconsin for VA Loans
  - [View Full Rankings](https://saferate.com/wisconsin/best-mortgage-lenders/va-loans)
- 🥈 **#2** in Wisconsin for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/wisconsin/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥈 **#2** in Salt Lake City
  - [View Full Rankings](https://saferate.com/salt-lake-city/best-mortgage-lenders)
- 🥈 **#2** in Salt Lake City Mortgage Companies
  - [View Full Rankings](https://saferate.com/salt-lake-city/best-mortgage-lenders/mortgage-companies)
- 🥈 **#2** in Salt Lake City for VA Loans
  - [View Full Rankings](https://saferate.com/salt-lake-city/best-mortgage-lenders/va-loans)
- 🥈 **#2** in Salt Lake City for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/salt-lake-city/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥈 **#2** in Idaho Mortgage Companies
  - [View Full Rankings](https://saferate.com/idaho/best-mortgage-lenders/mortgage-companies)
- 🥈 **#2** in Idaho for VA Loans
  - [View Full Rankings](https://saferate.com/idaho/best-mortgage-lenders/va-loans)

## Frequently Asked Questions

### What loan types does FIRST COLONY MORTGAGE CORPORATION offer?

FIRST COLONY MORTGAGE CORPORATION offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does FIRST COLONY MORTGAGE CORPORATION offer mortgages?

FIRST COLONY MORTGAGE CORPORATION is a national lender offering mortgages in all 50 states plus Washington D.C.

### How competitive are FIRST COLONY MORTGAGE CORPORATION's mortgage rates?

FIRST COLONY MORTGAGE CORPORATION has a pricing score of 42/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.209% above market average.

### What type of lender is FIRST COLONY MORTGAGE CORPORATION?

FIRST COLONY MORTGAGE CORPORATION is a non-depository lender that specializes in mortgage origination, headquartered in OREM, UT.

### What is FIRST COLONY MORTGAGE CORPORATION's loan approval success rate?

FIRST COLONY MORTGAGE CORPORATION has a pull-through score of 84/100 (Exceptional). 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-colony-mortgage

### How to Cite

> "FIRST COLONY MORTGAGE CORPORATION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-colony-mortgage

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