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 | BURKE & HERBERT | Vellum Mortgage, Inc. |
|---|---|---|
| Total Applications | 723 | 1,865 ▲ |
| Loans Originated | 480 | 1,501 |
| Approval Rate (higher is better) | 66.4% | 80.5% ✓ |
| Denial Rate (lower is better) | 12.6% | 1.8% ✓ |
| Avg Loan Amount | $303,050 | $495,922 |
| Avg Interest Rate (lower is better) | 7.589% | 6.668% ✓ |
| Avg Applicant Income | $35,000 | $39,000 |
| Applications Denied | 91 | 34 |
| Applications Withdrawn | 89 | 312 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | BURKE & HERBERT | Vellum Mortgage, Inc. |
|---|---|---|
| Conventional | 722 (99.9%) | 1,365 (73.2%) |
| FHA | 1 (0.1%) | 333 (17.9%) |
| VA | — | 165 (8.8%) |
| USDA | — | 2 (0.1%) |
Loan Purpose Breakdown
| Purpose | BURKE & HERBERT | Vellum Mortgage, Inc. |
|---|---|---|
| Home Purchase | 313 | 1,645 |
| Other | 186 | — |
| Home Improvement | 114 | 18 |
| Refinancing | 74 | 140 |
| Cash-out Refinancing | 36 | 62 |
Summary
- 723 total applications · 480 originated
- Approval rate: 66.4%
- Denial rate: 12.6%
- Avg loan: $303,050
- Avg rate: 7.589%
- HQ: Alexandria, VA
- 1,865 total applications · 1,501 originated
- Approval rate: 80.5%
- Denial rate: 1.8%
- Avg loan: $495,922
- Avg rate: 6.668%
- HQ: Fairfax, VA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.