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 | Affinity Plus Federal | RiverWood Bank |
|---|---|---|
| Total Applications | 5,230 ▲ | 239 |
| Loans Originated | 3,603 | 228 |
| Approval Rate (higher is better) | 68.9% | 95.4% ✓ |
| Denial Rate (lower is better) | 14.8% | 1.3% ✓ |
| Avg Loan Amount | $107,837 | $258,808 |
| Avg Interest Rate (lower is better) | 7.176% | N/A |
| Avg Applicant Income | $35,000 | N/A |
| Applications Denied | 773 | 3 |
| Applications Withdrawn | 506 | 5 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Affinity Plus Federal | RiverWood Bank |
|---|---|---|
| Conventional | 5,224 (99.9%) | 239 (100.0%) |
| FHA | — | — |
| VA | 6 (0.1%) | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | Affinity Plus Federal | RiverWood Bank |
|---|---|---|
| Home Improvement | 1,975 | 14 |
| Other | 1,714 | 15 |
| Refinancing | 728 | 22 |
| Home Purchase | 606 | 188 |
| Cash-out Refinancing | 207 | — |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Minnesota | 3,468 | #6 |
No state data available.
Summary
- 5,230 total applications · 3,603 originated
- Approval rate: 68.9%
- Denial rate: 14.8%
- Avg loan: $107,837
- Avg rate: 7.176%
- HQ: Saint Paul, MN
- 239 total applications · 228 originated
- Approval rate: 95.4%
- Denial rate: 1.3%
- Avg loan: $258,808
- HQ: Baxter, MN
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.