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 the | NUSENDA FEDERAL CREDIT |
|---|---|---|
| Total Applications | 64 | 3,080 ▲ |
| Loans Originated | 38 | 1,930 |
| Approval Rate (higher is better) | 59.4% | 62.7% ✓ |
| Denial Rate (lower is better) | 15.6% | 15.5% ✓ |
| Avg Loan Amount | $172,031 | $134,438 |
| Avg Interest Rate (lower is better) | N/A | 8.444% |
| Avg Applicant Income | N/A | $35,000 |
| Applications Denied | 10 | 478 |
| Applications Withdrawn | 16 | 405 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Bank of the | NUSENDA FEDERAL CREDIT |
|---|---|---|
| Conventional | 64 (100.0%) | 2,983 (96.9%) |
| FHA | — | 72 (2.3%) |
| VA | — | 25 (0.8%) |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | Bank of the | NUSENDA FEDERAL CREDIT |
|---|---|---|
| Refinancing | 43 | 631 |
| Home Purchase | 20 | 573 |
| Cash-out Refinancing | 1 | 61 |
| Other | — | 932 |
| Home Improvement | — | 883 |
Top States by Loan Volume
No state data available.
| State | Originated | Rank |
|---|---|---|
| New Mexico | 1,923 | #4 |
Summary
- 64 total applications · 38 originated
- Approval rate: 59.4%
- Denial rate: 15.6%
- Avg loan: $172,031
- HQ: Roswell, NM
- 3,080 total applications · 1,930 originated
- Approval rate: 62.7%
- Denial rate: 15.5%
- Avg loan: $134,438
- Avg rate: 8.444%
- HQ: ALBUQUERQUE, NM
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.