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 | BUSEY BANK | NEW AMERICAN FUNDING, |
|---|---|---|
| Total Applications | 2,083 | 118,479 ▲ |
| Loans Originated | 1,486 | 48,639 |
| Approval Rate (higher is better) | 71.3% ✓ | 41.1% |
| Denial Rate (lower is better) | 11.5% | 11.1% ✓ |
| Avg Loan Amount | $201,241 | $272,211 |
| Avg Interest Rate (lower is better) | 7.552% | 6.811% ✓ |
| Avg Applicant Income | $34,000 | $40,000 |
| Applications Denied | 239 | 13,112 |
| Applications Withdrawn | 273 | 29,434 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | BUSEY BANK | NEW AMERICAN FUNDING, |
|---|---|---|
| Conventional | 2,019 (96.9%) | 62,687 (52.9%) |
| FHA | 51 (2.4%) | 46,322 (39.1%) |
| VA | 9 (0.4%) | 9,006 (7.6%) |
| USDA | 4 (0.2%) | 464 (0.4%) |
Loan Purpose Breakdown
| Purpose | BUSEY BANK | NEW AMERICAN FUNDING, |
|---|---|---|
| Home Purchase | 999 | 48,417 |
| Home Improvement | 336 | 6,828 |
| Refinancing | 329 | 11,039 |
| Other | 300 | 6,197 |
| Cash-out Refinancing | 119 | 45,998 |
Top States by Loan Volume
Summary
- 2,083 total applications · 1,486 originated
- Approval rate: 71.3%
- Denial rate: 11.5%
- Avg loan: $201,241
- Avg rate: 7.552%
- HQ: CHAMPAIGN, IL
- 118,479 total applications · 48,639 originated
- Approval rate: 41.1%
- Denial rate: 11.1%
- Avg loan: $272,211
- Avg rate: 6.811%
- HQ: TUSTIN, CA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.