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 | Concordia Bank & | Loansteady LLC |
|---|---|---|
| Total Applications | 168 | 831 ▲ |
| Loans Originated | 116 | 615 |
| Approval Rate (higher is better) | 69.0% | 74.0% ✓ |
| Denial Rate (lower is better) | 16.1% | 1.8% ✓ |
| Avg Loan Amount | $98,512 | $365,096 |
| Avg Interest Rate (lower is better) | N/A | 6.474% |
| Avg Applicant Income | N/A | $38,000 |
| Applications Denied | 27 | 15 |
| Applications Withdrawn | 23 | 166 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Concordia Bank & | Loansteady LLC |
|---|---|---|
| Conventional | 168 (100.0%) | 496 (59.7%) |
| FHA | — | 151 (18.2%) |
| VA | — | 143 (17.2%) |
| USDA | — | 41 (4.9%) |
Loan Purpose Breakdown
| Purpose | Concordia Bank & | Loansteady LLC |
|---|---|---|
| Refinancing | 77 | 61 |
| Home Purchase | 57 | 733 |
| Home Improvement | 18 | — |
| Other | 16 | — |
| Cash-out Refinancing | — | 37 |
Summary
- 168 total applications · 116 originated
- Approval rate: 69.0%
- Denial rate: 16.1%
- Avg loan: $98,512
- HQ: Vidalia, LA
- 831 total applications · 615 originated
- Approval rate: 74.0%
- Denial rate: 1.8%
- Avg loan: $365,096
- Avg rate: 6.474%
- HQ: Mclean, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.