Compare Mortgage Lenders
Select two lenders to compare side by side using 2023 HMDA federal data: approval rates, denial rates, loan sizes, loan types, and geographic reach.
Key Metrics
| Metric | 1st Security Bank | KITSAP CREDIT UNION |
|---|---|---|
| Total Applications | 2,122 ▲ | 1,212 |
| Loans Originated | 1,509 | 660 |
| Approval Rate (higher is better) | 71.1% ✓ | 54.5% |
| Denial Rate (lower is better) | 5.4% ✓ | 28.5% |
| Avg Loan Amount | $480,514 | $124,678 |
| Avg Interest Rate (lower is better) | 6.815% ✓ | 7.566% |
| Avg Applicant Income | $38,000 | $38,000 |
| Applications Denied | 115 | 345 |
| Applications Withdrawn | 393 | 73 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | 1st Security Bank | KITSAP CREDIT UNION |
|---|---|---|
| Conventional | 1,727 (81.4%) | 1,205 (99.4%) |
| FHA | 316 (14.9%) | — |
| VA | 77 (3.6%) | 7 (0.6%) |
| USDA | 2 (0.1%) | — |
Loan Purpose Breakdown
| Purpose | 1st Security Bank | KITSAP CREDIT UNION |
|---|---|---|
| Home Purchase | 1,670 | 130 |
| Cash-out Refinancing | 131 | 36 |
| Other | 116 | 406 |
| Refinancing | 109 | 196 |
| Home Improvement | 96 | 444 |
Summary
- 2,122 total applications · 1,509 originated
- Approval rate: 71.1%
- Denial rate: 5.4%
- Avg loan: $480,514
- Avg rate: 6.815%
- HQ: Mountlake Terrace, WA
- 1,212 total applications · 660 originated
- Approval rate: 54.5%
- Denial rate: 28.5%
- Avg loan: $124,678
- Avg rate: 7.566%
- HQ: BREMERTON, WA
Methodology
Comparisons are drawn from the CFPB 2024 HMDA Snapshot National Loan-Level Dataset, published by the Consumer Financial Protection Bureau and distributed via the FFIEC. Every figure on this page comes from lenders' mandatory HMDA filings — not voluntary marketing claims.
Approval (origination) rate = originated ÷ total applications. Denial rate = denied ÷ total applications. Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes. Denial rates reflect a lender's applicant mix as much as its underwriting stance; compare alongside loan-type mix and geography before drawing conclusions.
Side-by-side comparisons are informational only and do not constitute financial, legal, or mortgage advice. Always obtain and compare written Loan Estimates before applying.