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 | CBI Bank & | MIDWEST BANK |
|---|---|---|
| Total Applications | 961 ▲ | 195 |
| Loans Originated | 745 | 181 |
| Approval Rate (higher is better) | 77.5% | 92.8% ✓ |
| Denial Rate (lower is better) | 13.5% | 5.1% ✓ |
| Avg Loan Amount | $128,257 | $124,282 |
| Avg Interest Rate (lower is better) | 7.543% | N/A |
| Avg Applicant Income | $33,000 | N/A |
| Applications Denied | 130 | 10 |
| Applications Withdrawn | 82 | 0 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | CBI Bank & | MIDWEST BANK |
|---|---|---|
| Conventional | 958 (99.7%) | 195 (100.0%) |
| FHA | 1 (0.1%) | — |
| VA | 1 (0.1%) | — |
| USDA | 1 (0.1%) | — |
Loan Purpose Breakdown
| Purpose | CBI Bank & | MIDWEST BANK |
|---|---|---|
| Home Purchase | 417 | 104 |
| Refinancing | 233 | 33 |
| Home Improvement | 182 | 11 |
| Other | 106 | — |
| Cash-out Refinancing | 21 | 47 |
Summary
- 961 total applications · 745 originated
- Approval rate: 77.5%
- Denial rate: 13.5%
- Avg loan: $128,257
- Avg rate: 7.543%
- HQ: Muscatine, IA
- 195 total applications · 181 originated
- Approval rate: 92.8%
- Denial rate: 5.1%
- Avg loan: $124,282
- HQ: MONMOUTH, IL
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.