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 | CANVAS CREDIT UNION | Pulte Mortgage LLC |
|---|---|---|
| Total Applications | 4,768 | 28,004 ▲ |
| Loans Originated | 2,789 | 19,692 |
| Approval Rate (higher is better) | 58.5% | 70.3% ✓ |
| Denial Rate (lower is better) | 10.8% ✓ | 10.9% |
| Avg Loan Amount | $170,931 | $432,664 |
| Avg Interest Rate (lower is better) | 9.117% | 5.927% ✓ |
| Avg Applicant Income | $35,000 | $39,000 |
| Applications Denied | 514 | 3,062 |
| Applications Withdrawn | 1,463 | 4,107 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | CANVAS CREDIT UNION | Pulte Mortgage LLC |
|---|---|---|
| Conventional | 4,765 (99.9%) | 20,635 (73.7%) |
| FHA | 1 (0.0%) | 4,580 (16.4%) |
| VA | — | 2,740 (9.8%) |
| USDA | 2 (0.0%) | 49 (0.2%) |
Loan Purpose Breakdown
| Purpose | CANVAS CREDIT UNION | Pulte Mortgage LLC |
|---|---|---|
| Other | 2,039 | — |
| Home Improvement | 1,612 | — |
| Home Purchase | 628 | 28,004 |
| Refinancing | 456 | — |
| Cash-out Refinancing | 33 | — |
Top States by Loan Volume
Summary
- 4,768 total applications · 2,789 originated
- Approval rate: 58.5%
- Denial rate: 10.8%
- Avg loan: $170,931
- Avg rate: 9.117%
- HQ: ENGLEWOOD, CO
- 28,004 total applications · 19,692 originated
- Approval rate: 70.3%
- Denial rate: 10.9%
- Avg loan: $432,664
- Avg rate: 5.927%
- HQ: Englewood, CO
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.