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 | ALTRA FEDERAL CREDIT | Governmental Employees Credit |
|---|---|---|
| Total Applications | 3,299 ▲ | 132 |
| Loans Originated | 2,539 | 126 |
| Approval Rate (higher is better) | 77.0% | 95.5% ✓ |
| Denial Rate (lower is better) | 9.6% | 0.8% ✓ |
| Avg Loan Amount | $266,085 | $83,712 |
| Avg Interest Rate (lower is better) | 7.280% | N/A |
| Avg Applicant Income | $35,000 | N/A |
| Applications Denied | 318 | 1 |
| Applications Withdrawn | 311 | 5 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | ALTRA FEDERAL CREDIT | Governmental Employees Credit |
|---|---|---|
| Conventional | 3,217 (97.5%) | 132 (100.0%) |
| FHA | 40 (1.2%) | — |
| VA | 42 (1.3%) | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | ALTRA FEDERAL CREDIT | Governmental Employees Credit |
|---|---|---|
| Home Purchase | 1,219 | 10 |
| Refinancing | 739 | 7 |
| Home Improvement | 692 | 41 |
| Other | 549 | — |
| Cash-out Refinancing | 100 | 74 |
Summary
- 3,299 total applications · 2,539 originated
- Approval rate: 77.0%
- Denial rate: 9.6%
- Avg loan: $266,085
- Avg rate: 7.280%
- HQ: ONALASKA, WI
- 132 total applications · 126 originated
- Approval rate: 95.5%
- Denial rate: 0.8%
- Avg loan: $83,712
- HQ: La Crosse, WI
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.