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 | Alliance Credit Union | TEXAS TECH FEDERAL |
|---|---|---|
| Total Applications | 1,843 ▲ | 1,102 |
| Loans Originated | 1,024 | 915 |
| Approval Rate (higher is better) | 55.6% | 83.0% ✓ |
| Denial Rate (lower is better) | 26.4% | 0.8% ✓ |
| Avg Loan Amount | $206,514 | $249,800 |
| Avg Interest Rate (lower is better) | 6.744% ✓ | 6.757% |
| Avg Applicant Income | $29,000 | $36,000 |
| Applications Denied | 487 | 9 |
| Applications Withdrawn | 236 | 162 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Alliance Credit Union | TEXAS TECH FEDERAL |
|---|---|---|
| Conventional | 1,242 (67.4%) | 730 (66.2%) |
| FHA | 526 (28.5%) | 313 (28.4%) |
| VA | 58 (3.1%) | 55 (5.0%) |
| USDA | 17 (0.9%) | 4 (0.4%) |
Loan Purpose Breakdown
| Purpose | Alliance Credit Union | TEXAS TECH FEDERAL |
|---|---|---|
| Home Purchase | 1,262 | 997 |
| Cash-out Refinancing | 170 | 19 |
| Refinancing | 61 | 83 |
| Other | 12 | — |
| Home Improvement | — | 2 |
Summary
- 1,843 total applications · 1,024 originated
- Approval rate: 55.6%
- Denial rate: 26.4%
- Avg loan: $206,514
- Avg rate: 6.744%
- HQ: Lubbock, TX
- 1,102 total applications · 915 originated
- Approval rate: 83.0%
- Denial rate: 0.8%
- Avg loan: $249,800
- Avg rate: 6.757%
- HQ: LUBBOCK, TX
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.