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FirstBank
Bank|Nashville, TN|Near-National
Loans Originated
3,468
Applications
4,590
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Exceptional
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.216%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,195
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
75.6%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Report Card
FirstBank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
Jumbo | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Near-National · 23 metro areas · 32 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$352,021
Average Borrower Income
$140,506
Average Property Value
$472,217
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Exceptional | Sound | Strong | 2,379 | 68.6% | +0.208% | $2,169 |
FHA Loans | Strong | Exceptional | Sound | Strong | 691 | 19.9% | +0.415% | $2,557 |
VA Loans | Strong | Strong | Strong | Exceptional | 247 | 7.1% | -0.381% | $1,540 |
Jumbo Loans | Strong | Exceptional | Sound | Strong | 91 | 2.6% | +0.258% | $1,436 |
USDA Loans | Sound | Exceptional | Acceptable | Strong | 60 | 1.7% | +0.226% | $2,792 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Sound | Strong | 2,962 | 85.4% | +0.212% | $2,152 |
Refinance | Sound | Strong | Acceptable | Strong | 506 | 14.6% | +0.241% | $2,436 |
Geographic Coverage
Metro Areas
22
States Served
32
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALARAZCACOFLGAILINKSKYLAMIMOMSNCNENJNYOHORPARISCTNTXUTVAWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Dalton, GA, GAMSA
Volume: 116Mix: 3.34%
Place Specialization
Exceptional
2
Chattanooga, TN, TN-GAMSA
Volume: 351Mix: 10.12%
Place Specialization
Exceptional
3
Nashville, TNMSA
Volume: 932Mix: 26.87%
Place Specialization
Exceptional
4
Huntsville, AL, ALMSA
Volume: 386Mix: 11.13%
Place Specialization
Exceptional
5
Birmingham, AL, ALMSA
Volume: 346Mix: 9.98%
Place Specialization
Exceptional
6
Daphne, ALMSA
Volume: 126Mix: 3.63%
Place Specialization
Strong
7
Cleveland, TN, TNMSA
Volume: 37Mix: 1.07%
Place Specialization
Strong
8
Morristown, TN, TNMSA
Volume: 28Mix: 0.81%
Place Specialization
Strong
9
Knoxville, TN, TNMSA
Volume: 90Mix: 2.60%
Place Specialization
Strong
10
Jackson, TN, TNMSA
Volume: 50Mix: 1.44%
Place Specialization
Strong
Showing 10 of 22 metro areas
Top States by Place Specialization Score
1
TNState
Volume: 1,926Mix: 55.54%
Place Specialization
Exceptional
2
ALState
Volume: 1,072Mix: 30.91%
Place Specialization
Exceptional
3
GAState
Volume: 292Mix: 8.42%
Place Specialization
Strong
4
KYState
Volume: 36Mix: 1.04%
Place Specialization
Sound
5
MSState
Volume: 15Mix: 0.43%
Place Specialization
Sound
6
FLState
Volume: 35Mix: 1.01%
Place Specialization
Sound
7
SCState
Volume: 11Mix: 0.32%
Place Specialization
Acceptable
8
NCState
Volume: 11Mix: 0.32%
Place Specialization
Acceptable
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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