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 | CONSUMERS CREDIT UNION | Honor Credit Union |
|---|---|---|
| Total Applications | 3,572 ▲ | 2,321 |
| Loans Originated | 2,645 | 1,381 |
| Approval Rate (higher is better) | 74.0% ✓ | 59.5% |
| Denial Rate (lower is better) | 10.8% ✓ | 25.2% |
| Avg Loan Amount | $177,604 | $128,279 |
| Avg Interest Rate (lower is better) | 6.670% ✓ | 8.159% |
| Avg Applicant Income | $33,000 | $35,000 |
| Applications Denied | 387 | 585 |
| Applications Withdrawn | 532 | 277 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | CONSUMERS CREDIT UNION | Honor Credit Union |
|---|---|---|
| Conventional | 3,556 (99.6%) | 2,283 (98.4%) |
| FHA | 14 (0.4%) | 32 (1.4%) |
| VA | 2 (0.1%) | — |
| USDA | — | 6 (0.3%) |
Loan Purpose Breakdown
| Purpose | CONSUMERS CREDIT UNION | Honor Credit Union |
|---|---|---|
| Refinancing | 1,942 | 69 |
| Home Purchase | 1,356 | 691 |
| Cash-out Refinancing | 192 | 306 |
| Home Improvement | 79 | 766 |
| Other | 3 | 489 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Michigan | 2,631 | #13 |
No state data available.
Summary
- 3,572 total applications · 2,645 originated
- Approval rate: 74.0%
- Denial rate: 10.8%
- Avg loan: $177,604
- Avg rate: 6.670%
- HQ: OSHTEMO, MI
- 2,321 total applications · 1,381 originated
- Approval rate: 59.5%
- Denial rate: 25.2%
- Avg loan: $128,279
- Avg rate: 8.159%
- HQ: Berrien Springs, MI
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.