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 | BORDER BANK | Bremer Bank NA |
|---|---|---|
| Total Applications | 278 | 2,519 ▲ |
| Loans Originated | 252 | 1,857 |
| Approval Rate (higher is better) | 90.6% ✓ | 73.7% |
| Denial Rate (lower is better) | 3.2% ✓ | 10.0% |
| Avg Loan Amount | $172,086 | $299,097 |
| Avg Interest Rate (lower is better) | N/A | 8.048% |
| Avg Applicant Income | N/A | $35,000 |
| Applications Denied | 9 | 253 |
| Applications Withdrawn | 14 | 225 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | BORDER BANK | Bremer Bank NA |
|---|---|---|
| Conventional | 278 (100.0%) | 2,415 (95.9%) |
| FHA | — | 76 (3.0%) |
| VA | — | 17 (0.7%) |
| USDA | — | 11 (0.4%) |
Loan Purpose Breakdown
| Purpose | BORDER BANK | Bremer Bank NA |
|---|---|---|
| Home Purchase | 137 | 1,171 |
| Refinancing | 42 | 400 |
| Cash-out Refinancing | 34 | 189 |
| Other | 34 | 634 |
| Home Improvement | 31 | 125 |
Top States by Loan Volume
No state data available.
| State | Originated | Rank |
|---|---|---|
| Minnesota | 1,434 | #18 |
| North Dakota | 225 | #15 |
Summary
- 278 total applications · 252 originated
- Approval rate: 90.6%
- Denial rate: 3.2%
- Avg loan: $172,086
- 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.