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 ENGLAND | SIMMONS BANK |
|---|---|---|
| Total Applications | 5,645 ▲ | 5,087 |
| Loans Originated | 3,672 | 3,161 |
| Approval Rate (higher is better) | 65.0% ✓ | 62.1% |
| Denial Rate (lower is better) | 5.4% ✓ | 24.0% |
| Avg Loan Amount | $322,995 | $217,532 |
| Avg Interest Rate (lower is better) | 6.718% ✓ | 7.782% |
| Avg Applicant Income | $39,000 | $35,000 |
| Applications Denied | 304 | 1,220 |
| Applications Withdrawn | 1,425 | 641 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | BANK OF ENGLAND | SIMMONS BANK |
|---|---|---|
| Conventional | 3,227 (57.2%) | 4,543 (89.3%) |
| FHA | 1,798 (31.9%) | 420 (8.3%) |
| VA | 478 (8.5%) | 57 (1.1%) |
| USDA | 142 (2.5%) | 67 (1.3%) |
Loan Purpose Breakdown
| Purpose | BANK OF ENGLAND | SIMMONS BANK |
|---|---|---|
| Home Purchase | 4,689 | 2,359 |
| Cash-out Refinancing | 616 | 156 |
| Refinancing | 330 | 938 |
| Home Improvement | 5 | 1,090 |
| Other | 5 | 544 |
Top States by Loan Volume
No state data available.
| State | Originated | Rank |
|---|---|---|
| Arkansas | 1,116 | #11 |
Summary
- 5,645 total applications · 3,672 originated
- Approval rate: 65.0%
- Denial rate: 5.4%
- Avg loan: $322,995
- Avg rate: 6.718%
- HQ: ENGLAND, AR
- 5,087 total applications · 3,161 originated
- Approval rate: 62.1%
- Denial rate: 24.0%
- Avg loan: $217,532
- Avg rate: 7.782%
- HQ: PINE BLUFF, AR
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.