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 | ACTUAL MORTGAGE BANKERS | Banco Popular |
|---|---|---|
| Total Applications | 337 | 6,295 ▲ |
| Loans Originated | 249 | 2,445 |
| Approval Rate (higher is better) | 73.9% ✓ | 38.8% |
| Denial Rate (lower is better) | 11.9% ✓ | 13.0% |
| Avg Loan Amount | $126,543 | $203,999 |
| Avg Interest Rate (lower is better) | 6.666% | 6.283% ✓ |
| Avg Applicant Income | $37,000 | $36,000 |
| Applications Denied | 40 | 819 |
| Applications Withdrawn | 42 | 334 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | ACTUAL MORTGAGE BANKERS | Banco Popular |
|---|---|---|
| Conventional | 43 (12.8%) | 2,075 (33.0%) |
| FHA | 205 (60.8%) | 3,132 (49.8%) |
| VA | 10 (3.0%) | 423 (6.7%) |
| USDA | 79 (23.4%) | 665 (10.6%) |
Loan Purpose Breakdown
| Purpose | ACTUAL MORTGAGE BANKERS | Banco Popular |
|---|---|---|
| Home Purchase | 332 | 4,840 |
| Cash-out Refinancing | 4 | 419 |
| Refinancing | 1 | 107 |
| Other | — | 247 |
| Home Improvement | — | 109 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Puerto Rico | 249 | #14 |
| State | Originated | Rank |
|---|---|---|
| Puerto Rico | 2,445 | #1 |
Summary
- 337 total applications · 249 originated
- Approval rate: 73.9%
- Denial rate: 11.9%
- Avg loan: $126,543
- Avg rate: 6.666%
- HQ: BAYAMON, PR
- 6,295 total applications · 2,445 originated
- Approval rate: 38.8%
- Denial rate: 13.0%
- Avg loan: $203,999
- Avg rate: 6.283%
- HQ: San Juan, PR
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.