First Bank Mortgage Lending & HMDA Data, 2024
In 2024, First Bank of Burkburnett, TX reported 978 mortgage applications totaling $383.4 million, down 12% from 2023. The average application was for $392,004, and applicants reported an average income of $192,027. 82% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Dallas-Plano-Irving, TX (342), Austin-Round Rock, TX (209) and Fort Worth-Arlington, TX (176) (applications in parentheses).
| Mortgage Company & Address | First Bank 300 E Thrid Burkburnett, TX 76359 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 978 |
| Total Mortgage Loan Application Amount | $383,380,000 |
| Average Mortgage Loan Application Amount | $392,004 |
| Highest Mortgage Loan Application Amount | $3,925,000 |
| Average Applicant Income | $192,027 |
| Highest Applicant Income | $1,857,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Dallas-Plano-Irving, TX | 342 | $ 151,060,000 | $ 441,695 | $ 204,000 |
| Austin-Round Rock, TX | 209 | $ 92,915,000 | $ 444,569 | $ 220,000 |
| Fort Worth-Arlington, TX | 176 | $ 62,550,000 | $ 355,397 | $ 163,000 |
| Wichita Falls, TX | 95 | $ 16,605,000 | $ 174,789 | $ 131,000 |
| Outside any metro area | 41 | $ 15,535,000 | $ 378,902 | $ 194,219 |
| Sherman-Denison, TX | 28 | $ 10,140,000 | $ 362,142 | $ 196,000 |
| Houston-The Woodlands-Sugar Land, TX | 25 | $ 8,075,000 | $ 323,000 | $ 197,000 |
| San Antonio-New Braunfels, TX | 19 | $ 6,905,000 | $ 363,421 | $ 163,000 |
| Lubbock, TX | 4 | $ 1,030,000 | $ 257,500 | $ 170,000 |
| Killeen-Temple, TX | 3 | $ 1,005,000 | $ 335,000 | $ 133,000 |
| Corpus Christi, TX | 2 | $ 1,040,000 | $ 520,000 | $ 450,000 |
| Little Rock-North Little Rock-Conway, AR | 2 | $ 860,000 | $ 430,000 | $ 295,000 |
| McAllen-Edinburg-Mission, TX | 2 | $ 560,000 | $ 280,000 | $ 235,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 430,000 | $ 215,000 | $ 74,000 |
| St. Louis, MO-IL | 2 | $ 680,000 | $ 340,000 | $ 113,500 |
| Waco, TX | 2 | $ 690,000 | $ 345,000 | $ 151,000 |
| Abilene, TX | 1 | $ 225,000 | $ 225,000 | $ 271,000 |
| Arlington-Alexandria-Reston, VA-WV | 1 | $ 1,065,000 | $ 1,065,000 | $ 209,000 |
| Asheville, NC | 1 | $ 305,000 | $ 305,000 | $ 213,000 |
| Bremerton-Silverdale, WA | 1 | $ 565,000 | $ 565,000 | $ 162,000 |
| College Station-Bryan, TX | 1 | $ 435,000 | $ 435,000 | $ 83,000 |
| Columbia, SC | 1 | $ 525,000 | $ 525,000 | $ 316,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 545,000 | $ 545,000 | $ 409,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 1,565,000 | $ 1,565,000 | $ 845,000 |
| Fayetteville, NC | 1 | $ 345,000 | $ 345,000 | $ 182,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 495,000 | $ 495,000 | $ 720,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 765,000 | $ 765,000 | $ 284,000 |
| Jacksonville, FL | 1 | $ 765,000 | $ 765,000 | $ 662,000 |
| Las Cruces, NM | 1 | $ 265,000 | $ 265,000 | $ 449,000 |
| Longview, TX | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Monroe, LA | 1 | $ 75,000 | $ 75,000 | $ 119,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 1,605,000 | $ 1,605,000 | $ 0 |
| Oklahoma City, OK | 1 | $ 275,000 | $ 275,000 | $ 64,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 645,000 | $ 645,000 | $ 200,000 |
| Pueblo, CO | 1 | $ 165,000 | $ 165,000 | $ 108,000 |
| San Diego-Carlsbad, CA | 1 | $ 1,005,000 | $ 1,005,000 | $ 264,000 |
| Tucson, AZ | 1 | $ 515,000 | $ 515,000 | $ 135,000 |
| Tyler, TX | 1 | $ 215,000 | $ 215,000 | $ 0 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 415,000 | $ 415,000 | $ 423,000 |
| Yuba City, CA | 1 | $ 425,000 | $ 425,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Bank in 2024
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 760 | $309,060,000 | $406,000 | $3,925,000 | $197,000 | $1,857,000 |
| Refinancing | 128 | $52,760,000 | $412,000 | $1,295,000 | $209,000 | $1,146,000 |
| Cash-out Refinancing | 57 | $15,255,000 | $267,000 | $1,005,000 | $160,000 | $508,000 |
| Home Improvement | 33 | $6,305,000 | $191,000 | $1,745,000 | $67,000 | $167,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 542 | $224,260,000 | $413,000 | $1,325,000 | $193,000 | $1,146,000 |
| Not applicable | 123 | $32,395,000 | $263,000 | $3,925,000 | $0 | $0 |
| Hispanic | 119 | $38,485,000 | $323,000 | $1,185,000 | $141,000 | $780,000 |
| Not Provided | 83 | $36,425,000 | $438,000 | $1,565,000 | $231,000 | $845,000 |
| Asian | 55 | $26,855,000 | $488,000 | $1,175,000 | $242,000 | $743,000 |
| Black or African American | 50 | $22,630,000 | $452,000 | $765,000 | $227,000 | $1,857,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,935,000 | $387,000 | $665,000 | $317,000 | $916,000 |
| American Indian or Alaskan Native | 1 | $395,000 | $395,000 | $395,000 | $100,000 | $100,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 793 | $307,215,000 | $387,000 | $3,925,000 | $211,000 | $1,857,000 |
| FHA-insured (Federal Housing Administration) | 120 | $44,590,000 | $371,000 | $575,000 | $130,000 | $336,000 |
| VA-guaranteed (Veterans Administration) | 64 | $31,220,000 | $487,000 | $1,185,000 | $152,000 | $369,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $355,000 | $355,000 | $355,000 | $137,000 | $137,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 802 | $311,620,000 | $388,000 | $3,925,000 | $194,000 | $1,857,000 |
| Application Approved But Not Accepted | 116 | $46,160,000 | $397,000 | $1,065,000 | $192,000 | $1,146,000 |
| Application Withdrawn By Applicant | 32 | $14,050,000 | $439,000 | $975,000 | $267,000 | $1,512,000 |
| Application Denied By Financial Institution | 20 | $8,770,000 | $438,000 | $1,235,000 | $159,000 | $743,000 |
| Preapproval Approved but not Accepted | 5 | $1,755,000 | $351,000 | $545,000 | $127,000 | $204,000 |
| File Closed For Incompleteness | 2 | $480,000 | $240,000 | $325,000 | $105,000 | $128,000 |
| Preapproval Denied by Financial Institution | 1 | $545,000 | $545,000 | $545,000 | $121,000 | $121,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 957 | $374,065,000 | $390,000 | $3,925,000 | $196,000 | $1,857,000 |
| Debt-To-Income Ratio | 10 | $4,300,000 | $430,000 | $585,000 | $101,000 | $132,000 |
| Collateral | 5 | $2,495,000 | $499,000 | $1,235,000 | $170,000 | $637,000 |
| Employment History | 2 | $1,630,000 | $815,000 | $1,175,000 | $527,000 | $743,000 |
| Unverifiable Information | 2 | $650,000 | $325,000 | $385,000 | $92,000 | $115,000 |
| Credit History | 1 | $155,000 | $155,000 | $155,000 | $86,000 | $86,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $85,000 | $85,000 | $85,000 | $108,000 | $108,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank's 2024 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess First Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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