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 | Credit Union 1 | Global Federal Credit |
|---|---|---|
| Total Applications | 404 | 4,306 ▲ |
| Loans Originated | 213 | 2,516 |
| Approval Rate (higher is better) | 52.7% | 58.4% ✓ |
| Denial Rate (lower is better) | 10.9% ✓ | 19.9% |
| Avg Loan Amount | $218,069 | $324,027 |
| Avg Interest Rate (lower is better) | 6.936% ✓ | 7.255% |
| Avg Applicant Income | $34,000 | $38,000 |
| Applications Denied | 44 | 857 |
| Applications Withdrawn | 72 | 738 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Credit Union 1 | Global Federal Credit |
|---|---|---|
| Conventional | 399 (98.8%) | 3,739 (86.8%) |
| FHA | — | 302 (7.0%) |
| VA | 5 (1.2%) | 256 (5.9%) |
| USDA | — | 9 (0.2%) |
Loan Purpose Breakdown
| Purpose | Credit Union 1 | Global Federal Credit |
|---|---|---|
| Cash-out Refinancing | 160 | 169 |
| Home Purchase | 138 | 2,057 |
| Home Improvement | 66 | 956 |
| Refinancing | 21 | 292 |
| Other | 19 | 832 |
Top States by Loan Volume
Summary
- 404 total applications · 213 originated
- Approval rate: 52.7%
- Denial rate: 10.9%
- Avg loan: $218,069
- Avg rate: 6.936%
- HQ: Anchorage, AK
- 4,306 total applications · 2,516 originated
- Approval rate: 58.4%
- Denial rate: 19.9%
- Avg loan: $324,027
- Avg rate: 7.255%
- HQ: Anchorage, AK
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.