Lender profile · HMDA 2023–2025
First Northern mortgage approval rates & lending data
First Northern decided 831 mortgage applications and funded 718 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 98% | 432 / 441 | 94% | $165K | 406 |
| Home improvement loans | 78% | 156 / 199 | 100% | $45K | 156 |
| Cash-out refinance | 77% | 62 / 81 | 92% | $85K | 57 |
| Investment property purchase | 97% | 70 / 72 | 97% | $115K | 68 |
First Northern lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Illinois | 91% | $165K | 798 | 686 |
| Wisconsin | 94% | $235K | 17 | 16 |
| Florida | 100% | $195K | 4 | 4 |
| Arizona | 100% | $315K | 2 | 2 |
| Indiana | 100% | $115K | 2 | 2 |
| Michigan | 100% | $195K | 2 | 2 |
| Colorado | 100% | $325K | 1 | 1 |
| Georgia | 100% | $245K | 1 | 1 |
| Missouri | 100% | $175K | 1 | 1 |
| Oklahoma | 100% | $155K | 1 | 1 |
| South Carolina | 100% | $405K | 1 | 1 |
| Virginia | 100% | $665K | 1 | 1 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.