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 | Banterra Bank | Peoples National Bank, |
|---|---|---|
| Total Applications | 344 | 581 ▲ |
| Loans Originated | 181 | 454 |
| Approval Rate (higher is better) | 52.6% | 78.1% ✓ |
| Denial Rate (lower is better) | 18.9% | 8.9% ✓ |
| Avg Loan Amount | $368,750 | $184,312 |
| Avg Interest Rate (lower is better) | 6.904% ✓ | 7.087% |
| Avg Applicant Income | $34,000 | $34,000 |
| Applications Denied | 65 | 52 |
| Applications Withdrawn | 51 | 64 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Banterra Bank | Peoples National Bank, |
|---|---|---|
| Conventional | 322 (93.6%) | 544 (93.6%) |
| FHA | 12 (3.5%) | 7 (1.2%) |
| VA | 2 (0.6%) | 2 (0.3%) |
| USDA | 8 (2.3%) | 28 (4.8%) |
Loan Purpose Breakdown
| Purpose | Banterra Bank | Peoples National Bank, |
|---|---|---|
| Home Purchase | 280 | 463 |
| Refinancing | 31 | 44 |
| Cash-out Refinancing | 18 | 39 |
| Other | 11 | 18 |
| Home Improvement | 4 | 17 |
Summary
- 344 total applications · 181 originated
- Approval rate: 52.6%
- Denial rate: 18.9%
- Avg loan: $368,750
- Avg rate: 6.904%
- HQ: Marion, IL
- 581 total applications · 454 originated
- Approval rate: 78.1%
- Denial rate: 8.9%
- Avg loan: $184,312
- Avg rate: 7.087%
- HQ: Mount Vernon, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.