Lenders › First Watch FCU
First Watch FCU
HMDA reporter, headquartered in Abilene, Texas. Record for calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Figures are from the 2024 public HMDA loan/application register; cells under 25 applications are withheld.
In 2024, First Watch FCU filed HMDA records for 25 applications and 14 originations in Texas, worth $2.4m.
With fewer than 25 applications in some cells, rates for this lender are withheld.
By loan purpose the originations were mostly home purchase (50%) and cash-out refinancing (43%); by loan type, conventional (93%) and FHA (7%).
Applications were down 26% on 2023.
Compared with Texas and the nation
| Measure | This lender | Texas, all lenders | United States |
|---|---|---|---|
| Denial rate (denied ÷ decided applications) | — | 26.0% | 24.3% |
| Median rate spread, percentage points | — | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | — | 11.8% | 15.6% |
| Average originated loan | — | $350k | $329k |
| Home purchase share of originations | 50.0% | 72.8% | 57.0% |
| FHA-insured share of originations | 7.1% | 19.8% | 13.4% |
| VA-guaranteed share of originations | 0.0% | 10.4% | 7.9% |
| Applications withdrawn by applicant | 4.0% | 15.5% | 14.3% |
Texas is the lender's largest state by applications. State and national columns cover every HMDA reporter. Rate spread is reported on originated loans only.
Trend by year
ApplicationsOriginations
This lenderTexasUnited States
| Year | Applications | Originations | Amount | Denial rate | Median spread | LAR records |
|---|---|---|---|---|---|---|
| 2018 | — | — | — | — | — | 105 |
| 2019 | — | — | — | — | — | 48 |
| 2022 | — | — | — | — | — | — |
| 2023 | 34 | 20 | $4.0m | 23.3% | — | 34 |
| 2024 | 25 | 14 | $2.4m | — | — | 25 |
Applications, originations and rates are computed from the public LAR for 2022, 2023, 2024; LAR record counts come from each year's transmittal sheet.
Loan purpose and loan type
By purpose
Home purchase 50% (7)Refinancing 7% (1)Cash-out refinancing 43% (6)
By type
Conventional 93% (13)FHA 7% (1)
| Loan type | Applications | Originations | Denied | Denial rate (of applications) |
|---|---|---|---|---|
| Conventional | 22 | 13 | 7 | — |
| FHA-insured | 3 | 1 | 2 | — |
| VA-guaranteed | 0 | 0 | 0 | — |
| USDA Rural Housing Service or Farm Service Agency guaranteed | 0 | 0 | 0 | — |
Shares are of originated loans. The per-type denial rate here divides denials by all applications of that type, because decided counts are not kept per type.
Action taken
| HMDA action taken | Records | Share |
|---|---|---|
| 1 Loan originated | 14 | 56.0% |
| 2 Application approved but not accepted | 0 | 0.0% |
| 3 Application denied | 9 | 36.0% |
| 4 Application withdrawn by applicant | 1 | 4.0% |
| 5 File closed for incompleteness | 1 | 4.0% |
| 6 Purchased loan | 0 | 0.0% |
| 7 Preapproval request denied | 0 | 0.0% |
| 8 Preapproval request approved but not accepted | 0 | 0.0% |
Codes and labels are the HMDA action-taken codes. Applications are codes 1–5; the denial rate divides code 3 by codes 1–3.
Denial reasons as coded
Denial reason breakdown withheld: fewer than 25 denials.
States
No state reaches 25 applications.
Counties
No county reaches 50 applications.
VA-guaranteed loans by month
All VA loansPurchase
| Month | All | Purchase | Cash-out | IRRRL |
|---|---|---|---|---|
| Aug 2026 | 0 | 0 | 0 | 0 |
| Jul 2026 | 0 | 0 | 0 | 0 |
| Jun 2026 | 0 | 0 | 0 | 0 |
| May 2026 | 0 | 0 | 0 | 0 |
| Apr 2026 | 0 | 0 | 0 | 0 |
| Mar 2026 | 0 | 0 | 0 | 0 |
| Feb 2026 | 0 | 0 | 0 | 0 |
| Jan 2026 | 0 | 0 | 0 | 0 |
| Dec 2025 | 0 | 0 | 0 | 0 |
| Nov 2025 | 0 | 0 | 0 | 0 |
| Oct 2025 | 0 | 0 | 0 | 0 |
| Sep 2025 | 0 | 0 | 0 | 0 |
Questions and answers
How many mortgages did First Watch FCU originate in 2024?
14 loans totalling $2.4m, from 25 applications reported under HMDA. It also purchased 0 loans from other institutions, which are counted separately.
What is First Watch FCU's denial rate and how does it compare?
Withheld: fewer than 25 applications.
Which counties does First Watch FCU lend in most?
No county cell reaches 50 applications, so county detail is not shown.
What loan types does First Watch FCU make?
Conventional 13, FHA 1, VA 0 and USDA 0 originations in 2024; by purpose, home purchase 7, home improvement 0, refinancing 1, cash-out refinancing 6 and other purpose 0.
What reasons did First Watch FCU report for denials?
Not enough denials to report a breakdown.
Where does this data come from?
From the 2024 public HMDA loan/application register published by the FFIEC and CFPB, with the lender's name from its HMDA transmittal sheet and VA loan volume from the Department of Veterans Affairs lender statistics. Cells under 25 applications are withheld.
Provenance
Source: Home Mortgage Disclosure Act public loan/application register for 2024 (trend years 2022, 2023, 2024) and transmittal sheets 2018–2024, published by the FFIEC and CFPB at ffiec.cfpb.gov, public domain; VA lender statistics from the Department of Veterans Affairs. Lender identity is the LEI and name on its transmittal sheet. This site was built 30 Sep 2026. Errors in processing are corrected at the next build; see corrections. Data through 1 Aug 2026.