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 | Bay Bank | COVANTAGE CREDIT UNION |
|---|---|---|
| Total Applications | 234 | 6,167 ▲ |
| Loans Originated | 117 | 3,851 |
| Approval Rate (higher is better) | 50.0% | 62.4% ✓ |
| Denial Rate (lower is better) | 14.1% | 6.4% ✓ |
| Avg Loan Amount | $182,179 | $151,765 |
| Avg Interest Rate (lower is better) | N/A | 7.199% |
| Avg Applicant Income | N/A | $36,000 |
| Applications Denied | 33 | 394 |
| Applications Withdrawn | 0 | 1,058 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Bay Bank | COVANTAGE CREDIT UNION |
|---|---|---|
| Conventional | 234 (100.0%) | 6,147 (99.7%) |
| FHA | — | — |
| VA | — | — |
| USDA | — | 20 (0.3%) |
Loan Purpose Breakdown
| Purpose | Bay Bank | COVANTAGE CREDIT UNION |
|---|---|---|
| Home Purchase | 156 | 2,590 |
| Home Improvement | 28 | 17 |
| Cash-out Refinancing | 26 | 936 |
| Other | 19 | 1,612 |
| Refinancing | 5 | 1,012 |
Top States by Loan Volume
No state data available.
| State | Originated | Rank |
|---|---|---|
| Wisconsin | 3,343 | #6 |
Summary
- 234 total applications · 117 originated
- Approval rate: 50.0%
- Denial rate: 14.1%
- Avg loan: $182,179
- HQ: Green Bay, WI
- 6,167 total applications · 3,851 originated
- Approval rate: 62.4%
- Denial rate: 6.4%
- Avg loan: $151,765
- Avg rate: 7.199%
- HQ: ANTIGO, WI
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.