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 | Community Bank, N.A. | M&T BANK |
|---|---|---|
| Total Applications | 7,169 | 36,377 ▲ |
| Loans Originated | 5,257 | 20,743 |
| Approval Rate (higher is better) | 73.3% ✓ | 57.0% |
| Denial Rate (lower is better) | 14.1% ✓ | 30.9% |
| Avg Loan Amount | $157,377 | $230,395 |
| Avg Interest Rate (lower is better) | 7.220% ✓ | 7.904% |
| Avg Applicant Income | $36,000 | $38,000 |
| Applications Denied | 1,013 | 11,248 |
| Applications Withdrawn | 796 | 2,329 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Community Bank, N.A. | M&T BANK |
|---|---|---|
| Conventional | 7,147 (99.7%) | 32,433 (89.2%) |
| FHA | — | 3,020 (8.3%) |
| VA | 13 (0.2%) | 894 (2.5%) |
| USDA | 9 (0.1%) | 30 (0.1%) |
Loan Purpose Breakdown
| Purpose | Community Bank, N.A. | M&T BANK |
|---|---|---|
| Home Purchase | 3,742 | 9,753 |
| Home Improvement | 1,883 | 12,073 |
| Refinancing | 862 | 6,152 |
| Other | 666 | 5,508 |
| Cash-out Refinancing | 16 | 2,637 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| New York | 6,725 | #5 |
| Pennsylvania | 2,822 | #13 |
| Maryland | 2,700 | #6 |
| Connecticut | 2,127 | #6 |
| Massachusetts | 1,241 | #19 |
| Delaware | 707 | #7 |
| Vermont | 342 | #11 |
| District of Columbia | 121 | #19 |
Summary
- 7,169 total applications · 5,257 originated
- Approval rate: 73.3%
- Denial rate: 14.1%
- Avg loan: $157,377
- Avg rate: 7.220%
- HQ: Canton, NY
- 36,377 total applications · 20,743 originated
- Approval rate: 57.0%
- Denial rate: 30.9%
- Avg loan: $230,395
- Avg rate: 7.904%
- HQ: BUFFALO, NY
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.