# First Option Mortgage, LLC

> **Canonical URL:** https://saferate.com/lenders/first-option-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 Option Mortgage, LLC is a independent mortgage company, headquartered in Atlanta, GA, serving borrowers across 25 states, with 1,724 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 90% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 33% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300PFJ7GCGDLB2E65
- **Headquarters:** Atlanta, GA
- **Geographic Reach:** Near-National
- **States Served:** 25
- **State List:** AL, AR, CA, CO, DC, FL, GA, IL, IN, KY, LA, MD, MI, MO, NC, NJ, NV, OH, OK, PA, SC, TN, TX, VA, WI
- **Markets (MSAs):** 18
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 10/100
- Rating: ●○○○○ (1/5)

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

### Pricing Details
- **Average Rate Spread:** +0.798%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $4,525
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,724
- **Dollar Volume:** $557 million
- **Applications Received:** 2,440
- **Market Share:** 5.00%

## Typical Borrower Profile

- **Average Loan Amount:** $322,836
- **Average Borrower Income:** $132,682
- **Average Property Value:** $378,422

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 68/100 | 1,104 | +0.759% | $4,520 | Strong 😀 |
| FHA | 79/100 | 558 | +0.899% | $4,519 | Strong 😀 |
| VA | 63/100 | 41 | +0.052% | $5,501 | Strong 😀 |
| Jumbo | 61/100 | 12 | +0.038% | $4,080 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 1,022 loans, Score: 71/100 (Strong)
- Refinance: 82 loans, Score: 53/100 (Sound)

**FHA:**
- Purchase: 531 loans, Score: 79/100 (Strong)
- Refinance: 27 loans, Score: 70/100 (Strong)

**VA:**
- Purchase: 38 loans, Score: 63/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 75/100 | 1,610 | $522M | +0.800% | Strong 😀 |
| Refinance | 53/100 | 114 | $34M | +0.767% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| GA | 1,045 | 0.76% | 87/100 |
| TX | 188 | 0.05% | 63/100 |
| IN | 180 | 0.20% | 67/100 |
| FL | 106 | 0.04% | 56/100 |
| NV | 56 | 0.14% | 59/100 |
| LA | 45 | 0.13% | 54/100 |
| MD | 35 | 0.05% | 50/100 |
| SC | 16 | 0.02% | 41/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Atlanta | GA | 766 | 90/100 |
| Marietta, GA | GA | 146 | 77/100 |
| Indianapolis | IN | 131 | 70/100 |
| Non |  | 72 | 43/100 |
| Laredo, TX | TX | 60 | 81/100 |
| Dallas | TX | 57 | 56/100 |
| Las Vegas | NV | 54 | 60/100 |
| Gainesville, GA | GA | 47 | 74/100 |
| Baton Rouge, LA | LA | 32 | 54/100 |
| Jacksonville, FL | FL | 24 | 49/100 |
| Athens | GA | 23 | 59/100 |
| Tampa, FL | FL | 22 | 47/100 |
| El Paso, TX | TX | 21 | 50/100 |
| Baltimore | MD | 19 | 45/100 |
| Lafayette | IN | 19 | 50/100 |

## Where This Lender Ranks

First Option Mortgage, LLC appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#12** in Athens Mortgage Companies
  - [View Full Rankings](https://saferate.com/athens/best-mortgage-lenders/mortgage-companies)
- 🏆 **#14** in Laredo, TX for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/laredo-tx/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#14** in Athens for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/athens/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🏆 **#16** in Laredo, TX Mortgage Companies
  - [View Full Rankings](https://saferate.com/laredo-tx/best-mortgage-lenders/mortgage-companies)
- 🏆 **#17** in Baton Rouge, LA for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/baton-rouge-la/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🏆 **#18** in Laredo, TX
  - [View Full Rankings](https://saferate.com/laredo-tx/best-mortgage-lenders)
- 🏆 **#18** in Laredo, TX for Conventional Loans
  - [View Full Rankings](https://saferate.com/laredo-tx/best-mortgage-lenders/conventional-loans)
- 🏆 **#18** in Athens
  - [View Full Rankings](https://saferate.com/athens/best-mortgage-lenders)
- 🏆 **#18** in Athens for FHA Loans
  - [View Full Rankings](https://saferate.com/athens/best-mortgage-lenders/fha-loans)
- 🏆 **#19** in Gainesville, GA for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/gainesville-ga/best-mortgage-lenders/mortgage-companies/fha-loans)

## Frequently Asked Questions

### What loan types does First Option Mortgage, LLC offer?

First Option Mortgage, LLC offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does First Option Mortgage, LLC offer mortgages?

First Option Mortgage, LLC offers mortgages in 25 states: AL, AR, CA, CO, DC, FL, GA, IL, IN, KY, LA, MD, MI, MO, NC, NJ, NV, OH, OK, PA, SC, TN, TX, VA, WI.

### How competitive are First Option Mortgage, LLC's mortgage rates?

First Option Mortgage, LLC has a pricing score of 10/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.798% above market average.

### What type of lender is First Option Mortgage, LLC?

First Option Mortgage, LLC is a non-depository lender that specializes in mortgage origination, headquartered in Atlanta, GA.

### What is First Option Mortgage, LLC's loan approval success rate?

First Option Mortgage, LLC has a pull-through score of 67/100 (Strong). 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-option-mortgage

### How to Cite

> "First Option Mortgage, LLC Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-option-mortgage

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