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 | BRIGHTON BANK | THE BANK OF |
|---|---|---|
| Total Applications | 938 ▲ | 229 |
| Loans Originated | 604 | 196 |
| Approval Rate (higher is better) | 64.4% | 85.6% ✓ |
| Denial Rate (lower is better) | 4.6% | 2.6% ✓ |
| Avg Loan Amount | $335,597 | $182,293 |
| Avg Interest Rate (lower is better) | N/A | 8.494% |
| Avg Applicant Income | N/A | $34,000 |
| Applications Denied | 43 | 6 |
| Applications Withdrawn | 213 | 20 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | BRIGHTON BANK | THE BANK OF |
|---|---|---|
| Conventional | 473 (50.4%) | 229 (100.0%) |
| FHA | 191 (20.4%) | — |
| VA | 243 (25.9%) | — |
| USDA | 31 (3.3%) | — |
Loan Purpose Breakdown
| Purpose | BRIGHTON BANK | THE BANK OF |
|---|---|---|
| Home Purchase | 803 | 135 |
| Cash-out Refinancing | 97 | — |
| Refinancing | 38 | 33 |
| Other | — | 38 |
| Home Improvement | — | 23 |
Summary
- 938 total applications · 604 originated
- Approval rate: 64.4%
- Denial rate: 4.6%
- Avg loan: $335,597
- HQ: BRIGHTON, TN
- 229 total applications · 196 originated
- Approval rate: 85.6%
- Denial rate: 2.6%
- Avg loan: $182,293
- Avg rate: 8.494%
- HQ: COLLIERVILLE, TN
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.