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 | BANK OF COLORADO | ARC HOME LLC |
|---|---|---|
| Total Applications | 1,931 | 6,847 ▲ |
| Loans Originated | 1,302 | 2,842 |
| Approval Rate (higher is better) | 67.4% ✓ | 41.5% |
| Denial Rate (lower is better) | 12.3% | 9.5% ✓ |
| Avg Loan Amount | $388,004 | $547,746 |
| Avg Interest Rate (lower is better) | 7.504% ✓ | 7.510% |
| Avg Applicant Income | $35,000 | $37,000 |
| Applications Denied | 238 | 652 |
| Applications Withdrawn | 351 | 1,668 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | BANK OF COLORADO | ARC HOME LLC |
|---|---|---|
| Conventional | 1,788 (92.6%) | 6,721 (98.2%) |
| FHA | 124 (6.4%) | 120 (1.8%) |
| VA | 14 (0.7%) | 6 (0.1%) |
| USDA | 5 (0.3%) | — |
Loan Purpose Breakdown
| Purpose | BANK OF COLORADO | ARC HOME LLC |
|---|---|---|
| Home Purchase | 1,009 | 4,392 |
| Home Improvement | 370 | — |
| Refinancing | 270 | 711 |
| Other | 226 | — |
| Cash-out Refinancing | 56 | 1,744 |
Summary
- 1,931 total applications · 1,302 originated
- Approval rate: 67.4%
- Denial rate: 12.3%
- Avg loan: $388,004
- Avg rate: 7.504%
- HQ: FORT COLLINS, CO
- 6,847 total applications · 2,842 originated
- Approval rate: 41.5%
- Denial rate: 9.5%
- Avg loan: $547,746
- Avg rate: 7.510%
- HQ: MOORESTOWN, NJ
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.