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 of | Magnolia State Bank |
|---|---|---|
| Total Applications | 4,507 ▲ | 206 |
| Loans Originated | 3,490 | 180 |
| Approval Rate (higher is better) | 77.4% | 87.4% ✓ |
| Denial Rate (lower is better) | 7.3% | 3.9% ✓ |
| Avg Loan Amount | $183,853 | $163,592 |
| Avg Interest Rate (lower is better) | 7.957% | N/A |
| Avg Applicant Income | $34,000 | N/A |
| Applications Denied | 328 | 8 |
| Applications Withdrawn | 495 | 0 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Community Bank of | Magnolia State Bank |
|---|---|---|
| Conventional | 4,173 (92.6%) | 206 (100.0%) |
| FHA | 240 (5.3%) | — |
| VA | 54 (1.2%) | — |
| USDA | 40 (0.9%) | — |
Loan Purpose Breakdown
| Purpose | Community Bank of | Magnolia State Bank |
|---|---|---|
| Home Purchase | 1,919 | 111 |
| Refinancing | 1,479 | 65 |
| Other | 554 | 16 |
| Home Improvement | 499 | 14 |
| Cash-out Refinancing | 56 | — |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Mississippi | 2,730 | #3 |
No state data available.
Summary
- 4,507 total applications · 3,490 originated
- Approval rate: 77.4%
- Denial rate: 7.3%
- Avg loan: $183,853
- Avg rate: 7.957%
- HQ: Flowood, MS
- 206 total applications · 180 originated
- Approval rate: 87.4%
- Denial rate: 3.9%
- Avg loan: $163,592
- HQ: Laurel, MS
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.