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 | COLUMBIA CREDIT UNION | iQ Credit Union |
|---|---|---|
| Total Applications | 2,060 ▲ | 1,625 |
| Loans Originated | 1,163 | 1,039 |
| Approval Rate (higher is better) | 56.5% | 63.9% ✓ |
| Denial Rate (lower is better) | 29.0% | 23.6% ✓ |
| Avg Loan Amount | $133,699 | $161,843 |
| Avg Interest Rate (lower is better) | 6.852% ✓ | 8.159% |
| Avg Applicant Income | $38,000 | $36,000 |
| Applications Denied | 597 | 383 |
| Applications Withdrawn | 90 | 139 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | COLUMBIA CREDIT UNION | iQ Credit Union |
|---|---|---|
| Conventional | 2,047 (99.4%) | 1,625 (100.0%) |
| FHA | 8 (0.4%) | — |
| VA | 5 (0.2%) | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | COLUMBIA CREDIT UNION | iQ Credit Union |
|---|---|---|
| Home Improvement | 719 | 595 |
| Other | 599 | 716 |
| Refinancing | 420 | 63 |
| Home Purchase | 264 | 210 |
| Cash-out Refinancing | 58 | 41 |
Summary
- 2,060 total applications · 1,163 originated
- Approval rate: 56.5%
- Denial rate: 29.0%
- Avg loan: $133,699
- Avg rate: 6.852%
- HQ: VANCOUVER, WA
- 1,625 total applications · 1,039 originated
- Approval rate: 63.9%
- Denial rate: 23.6%
- Avg loan: $161,843
- Avg rate: 8.159%
- HQ: Vancouver, WA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.