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 | AMERICAN FINANCING CORPORATION | Equitable Savings & |
|---|---|---|
| Total Applications | 25,138 ▲ | 161 |
| Loans Originated | 4,785 | 114 |
| Approval Rate (higher is better) | 19.0% | 70.8% ✓ |
| Denial Rate (lower is better) | 52.0% | 9.3% ✓ |
| Avg Loan Amount | $264,132 | $210,963 |
| Avg Interest Rate (lower is better) | 6.391% | N/A |
| Avg Applicant Income | $39,000 | N/A |
| Applications Denied | 13,064 | 15 |
| Applications Withdrawn | 4,313 | 15 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | AMERICAN FINANCING CORPORATION | Equitable Savings & |
|---|---|---|
| Conventional | 9,637 (38.3%) | 141 (87.6%) |
| FHA | 14,051 (55.9%) | 10 (6.2%) |
| VA | 1,433 (5.7%) | — |
| USDA | 17 (0.1%) | 10 (6.2%) |
Loan Purpose Breakdown
| Purpose | AMERICAN FINANCING CORPORATION | Equitable Savings & |
|---|---|---|
| Cash-out Refinancing | 15,871 | 21 |
| Refinancing | 5,462 | 9 |
| Home Purchase | 2,853 | 77 |
| Other | 952 | 22 |
| Home Improvement | — | 32 |
Summary
- 25,138 total applications · 4,785 originated
- Approval rate: 19.0%
- Denial rate: 52.0%
- Avg loan: $264,132
- Avg rate: 6.391%
- HQ: AURORA, CO
- 161 total applications · 114 originated
- Approval rate: 70.8%
- Denial rate: 9.3%
- Avg loan: $210,963
- HQ: Sterling, CO
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.