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 | BAYER HFCU | Peoples Bank |
|---|---|---|
| Total Applications | 536 | 3,106 ▲ |
| Loans Originated | 349 | 1,919 |
| Approval Rate (higher is better) | 65.1% ✓ | 61.8% |
| Denial Rate (lower is better) | 17.9% ✓ | 21.7% |
| Avg Loan Amount | $100,653 | $146,211 |
| Avg Interest Rate (lower is better) | 6.252% ✓ | 8.055% |
| Avg Applicant Income | $34,000 | $33,000 |
| Applications Denied | 96 | 675 |
| Applications Withdrawn | 69 | 262 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | BAYER HFCU | Peoples Bank |
|---|---|---|
| Conventional | 536 (100.0%) | 2,987 (96.2%) |
| FHA | — | 101 (3.3%) |
| VA | — | 8 (0.3%) |
| USDA | — | 10 (0.3%) |
Loan Purpose Breakdown
| Purpose | BAYER HFCU | Peoples Bank |
|---|---|---|
| Cash-out Refinancing | 293 | 630 |
| Home Purchase | 110 | 976 |
| Refinancing | 81 | 115 |
| Other | 52 | 418 |
| Home Improvement | — | 967 |
Top States by Loan Volume
No state data available.
| State | Originated | Rank |
|---|---|---|
| West Virginia | 414 | #14 |
Summary
- 536 total applications · 349 originated
- Approval rate: 65.1%
- Denial rate: 17.9%
- Avg loan: $100,653
- Avg rate: 6.252%
- HQ: NEW MARTINSVILLE, WV
- 3,106 total applications · 1,919 originated
- Approval rate: 61.8%
- Denial rate: 21.7%
- Avg loan: $146,211
- Avg rate: 8.055%
- HQ: Marietta, OH
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.