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 | Bell Bank | Bremer Bank NA |
|---|---|---|
| Total Applications | 13,496 ▲ | 2,519 |
| Loans Originated | 10,872 | 1,857 |
| Approval Rate (higher is better) | 80.6% ✓ | 73.7% |
| Denial Rate (lower is better) | 5.8% ✓ | 10.0% |
| Avg Loan Amount | $305,468 | $299,097 |
| Avg Interest Rate (lower is better) | 6.655% ✓ | 8.048% |
| Avg Applicant Income | $37,000 | $35,000 |
| Applications Denied | 781 | 253 |
| Applications Withdrawn | 1,720 | 225 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Bell Bank | Bremer Bank NA |
|---|---|---|
| Conventional | 12,115 (89.8%) | 2,415 (95.9%) |
| FHA | 847 (6.3%) | 76 (3.0%) |
| VA | 495 (3.7%) | 17 (0.7%) |
| USDA | 39 (0.3%) | 11 (0.4%) |
Loan Purpose Breakdown
| Purpose | Bell Bank | Bremer Bank NA |
|---|---|---|
| Home Purchase | 10,070 | 1,171 |
| Home Improvement | 1,082 | 125 |
| Other | 993 | 634 |
| Refinancing | 980 | 400 |
| Cash-out Refinancing | 370 | 189 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Minnesota | 6,342 | #1 |
| North Dakota | 569 | #3 |
| State | Originated | Rank |
|---|---|---|
| Minnesota | 1,434 | #18 |
| North Dakota | 225 | #15 |
Summary
- 13,496 total applications · 10,872 originated
- Approval rate: 80.6%
- Denial rate: 5.8%
- Avg loan: $305,468
- Avg rate: 6.655%
- HQ: Fargo, ND
- 2,519 total applications · 1,857 originated
- Approval rate: 73.7%
- Denial rate: 10.0%
- Avg loan: $299,097
- Avg rate: 8.048%
- HQ: Lake Elmo, MN
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.