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 Pontiac | FIRST STATE BANK |
|---|---|---|
| Total Applications | 309 ▲ | 265 |
| Loans Originated | 256 | 230 |
| Approval Rate (higher is better) | 82.8% | 86.8% ✓ |
| Denial Rate (lower is better) | 4.5% ✓ | 6.8% |
| Avg Loan Amount | $200,955 | $112,547 |
| Avg Interest Rate (lower is better) | 7.565% | N/A |
| Avg Applicant Income | $32,000 | N/A |
| Applications Denied | 14 | 18 |
| Applications Withdrawn | 7 | 1 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Bank of Pontiac | FIRST STATE BANK |
|---|---|---|
| Conventional | 306 (99.0%) | 265 (100.0%) |
| FHA | — | — |
| VA | — | — |
| USDA | 3 (1.0%) | — |
Loan Purpose Breakdown
| Purpose | Bank of Pontiac | FIRST STATE BANK |
|---|---|---|
| Home Purchase | 177 | 145 |
| Refinancing | 49 | 22 |
| Cash-out Refinancing | 35 | 32 |
| Home Improvement | 31 | 49 |
| Other | 17 | 17 |
Summary
- 309 total applications · 256 originated
- Approval rate: 82.8%
- Denial rate: 4.5%
- Avg loan: $200,955
- Avg rate: 7.565%
- HQ: Pontiac, IL
- 265 total applications · 230 originated
- Approval rate: 86.8%
- Denial rate: 6.8%
- Avg loan: $112,547
- HQ: Forrest, IL
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.