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 | Central Bank Illinois | Heartland Bank and |
|---|---|---|
| Total Applications | 366 | 885 ▲ |
| Loans Originated | 306 | 621 |
| Approval Rate (higher is better) | 83.6% ✓ | 70.2% |
| Denial Rate (lower is better) | 3.8% ✓ | 9.9% |
| Avg Loan Amount | $188,743 | $188,028 |
| Avg Interest Rate (lower is better) | N/A | 7.322% |
| Avg Applicant Income | N/A | $33,000 |
| Applications Denied | 14 | 88 |
| Applications Withdrawn | 46 | 82 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Central Bank Illinois | Heartland Bank and |
|---|---|---|
| Conventional | 365 (99.7%) | 807 (91.2%) |
| FHA | — | 38 (4.3%) |
| VA | — | 12 (1.4%) |
| USDA | 1 (0.3%) | 28 (3.2%) |
Loan Purpose Breakdown
| Purpose | Central Bank Illinois | Heartland Bank and |
|---|---|---|
| Home Purchase | 225 | 620 |
| Refinancing | 84 | 58 |
| Home Improvement | 27 | 27 |
| Cash-out Refinancing | 16 | 135 |
| Other | 14 | 45 |
Summary
- 366 total applications · 306 originated
- Approval rate: 83.6%
- Denial rate: 3.8%
- Avg loan: $188,743
- HQ: Geneseo, IL
- 885 total applications · 621 originated
- Approval rate: 70.2%
- Denial rate: 9.9%
- Avg loan: $188,028
- Avg rate: 7.322%
- HQ: Bloomington, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.