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 | Cornerstone Community FCU | M&T BANK |
|---|---|---|
| Total Applications | 1,275 | 36,377 ▲ |
| Loans Originated | 840 | 20,743 |
| Approval Rate (higher is better) | 65.9% ✓ | 57.0% |
| Denial Rate (lower is better) | 10.3% ✓ | 30.9% |
| Avg Loan Amount | $121,510 | $230,395 |
| Avg Interest Rate (lower is better) | 4.351% ✓ | 7.904% |
| Avg Applicant Income | $33,000 | $38,000 |
| Applications Denied | 132 | 11,248 |
| Applications Withdrawn | 165 | 2,329 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Cornerstone Community FCU | M&T BANK |
|---|---|---|
| Conventional | 1,275 (100.0%) | 32,433 (89.2%) |
| FHA | — | 3,020 (8.3%) |
| VA | — | 894 (2.5%) |
| USDA | — | 30 (0.1%) |
Loan Purpose Breakdown
| Purpose | Cornerstone Community FCU | M&T BANK |
|---|---|---|
| Other | 509 | 5,508 |
| Home Improvement | 384 | 12,073 |
| Refinancing | 226 | 6,152 |
| Home Purchase | 124 | 9,753 |
| Cash-out Refinancing | 32 | 2,637 |
Top States by Loan Volume
No state data available.
| 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
- 1,275 total applications · 840 originated
- Approval rate: 65.9%
- Denial rate: 10.3%
- Avg loan: $121,510
- Avg rate: 4.351%
- HQ: lockport, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.