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 | Bremer Bank NA | Gate City Bank |
|---|---|---|
| Total Applications | 2,519 | 4,682 ▲ |
| Loans Originated | 1,857 | 3,056 |
| Approval Rate (higher is better) | 73.7% ✓ | 65.3% |
| Denial Rate (lower is better) | 10.0% ✓ | 10.3% |
| Avg Loan Amount | $299,097 | $184,925 |
| Avg Interest Rate (lower is better) | 8.048% | 6.923% ✓ |
| Avg Applicant Income | $35,000 | $35,000 |
| Applications Denied | 253 | 480 |
| Applications Withdrawn | 225 | 366 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Bremer Bank NA | Gate City Bank |
|---|---|---|
| Conventional | 2,415 (95.9%) | 4,050 (86.5%) |
| FHA | 76 (3.0%) | 487 (10.4%) |
| VA | 17 (0.7%) | 119 (2.5%) |
| USDA | 11 (0.4%) | 26 (0.6%) |
Loan Purpose Breakdown
| Purpose | Bremer Bank NA | Gate City Bank |
|---|---|---|
| Home Purchase | 1,171 | 2,363 |
| Other | 634 | 686 |
| Refinancing | 400 | 520 |
| Cash-out Refinancing | 189 | 84 |
| Home Improvement | 125 | 1,029 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Minnesota | 1,434 | #18 |
| North Dakota | 225 | #15 |
| State | Originated | Rank |
|---|---|---|
| North Dakota | 2,328 | #1 |
Summary
- 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
- 4,682 total applications · 3,056 originated
- Approval rate: 65.3%
- Denial rate: 10.3%
- Avg loan: $184,925
- Avg rate: 6.923%
- HQ: Fargo, ND
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.