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 | BANKWEST, INC. | FIRST NATIONAL BANK |
|---|---|---|
| Total Applications | 1,663 ▲ | 293 |
| Loans Originated | 636 | 214 |
| Approval Rate (higher is better) | 38.2% | 73.0% ✓ |
| Denial Rate (lower is better) | 38.6% | 9.6% ✓ |
| Avg Loan Amount | $145,517 | $271,041 |
| Avg Interest Rate (lower is better) | 7.418% | N/A |
| Avg Applicant Income | $36,000 | N/A |
| Applications Denied | 642 | 28 |
| Applications Withdrawn | 279 | 51 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | BANKWEST, INC. | FIRST NATIONAL BANK |
|---|---|---|
| Conventional | 1,565 (94.1%) | 247 (84.3%) |
| FHA | 61 (3.7%) | 36 (12.3%) |
| VA | 21 (1.3%) | 9 (3.1%) |
| USDA | 16 (1.0%) | 1 (0.3%) |
Loan Purpose Breakdown
| Purpose | BANKWEST, INC. | FIRST NATIONAL BANK |
|---|---|---|
| Home Purchase | 1,437 | 225 |
| Home Improvement | 91 | 11 |
| Refinancing | 54 | 31 |
| Cash-out Refinancing | 49 | 24 |
| Other | 32 | 2 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| South Dakota | 481 | #9 |
No state data available.
Summary
- 1,663 total applications · 636 originated
- Approval rate: 38.2%
- Denial rate: 38.6%
- Avg loan: $145,517
- Avg rate: 7.418%
- HQ: PIERRE, SD
- 293 total applications · 214 originated
- Approval rate: 73.0%
- Denial rate: 9.6%
- Avg loan: $271,041
- HQ: PIERRE, SD
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.