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 | Celco Community Federal | NATIONAL BANK OF |
|---|---|---|
| Total Applications | 63 | 261 ▲ |
| Loans Originated | 47 | 209 |
| Approval Rate (higher is better) | 74.6% | 80.1% ✓ |
| Denial Rate (lower is better) | 9.5% | 5.4% ✓ |
| Avg Loan Amount | $127,857 | $284,808 |
| Avg Interest Rate (lower is better) | 7.606% | N/A |
| Avg Applicant Income | $33,000 | N/A |
| Applications Denied | 6 | 14 |
| Applications Withdrawn | 10 | 18 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Celco Community Federal | NATIONAL BANK OF |
|---|---|---|
| Conventional | 63 (100.0%) | 257 (98.5%) |
| FHA | — | — |
| VA | — | 2 (0.8%) |
| USDA | — | 2 (0.8%) |
Loan Purpose Breakdown
| Purpose | Celco Community Federal | NATIONAL BANK OF |
|---|---|---|
| Home Purchase | 38 | 134 |
| Refinancing | 23 | 63 |
| Home Improvement | 2 | 22 |
| Other | — | 34 |
| Cash-out Refinancing | — | 8 |
Summary
- 63 total applications · 47 originated
- Approval rate: 74.6%
- Denial rate: 9.5%
- Avg loan: $127,857
- Avg rate: 7.606%
- HQ: Narrows, VA
- 261 total applications · 209 originated
- Approval rate: 80.1%
- Denial rate: 5.4%
- Avg loan: $284,808
- HQ: BLACKSBURG, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.