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 OF | MERITRUST FEDERAL CREDIT |
|---|---|---|
| Total Applications | 1,852 ▲ | 1,410 |
| Loans Originated | 1,001 | 911 |
| Approval Rate (higher is better) | 54.0% | 64.6% ✓ |
| Denial Rate (lower is better) | 26.9% | 9.2% ✓ |
| Avg Loan Amount | $113,602 | $171,823 |
| Avg Interest Rate (lower is better) | 7.939% | 6.867% ✓ |
| Avg Applicant Income | $34,000 | $35,000 |
| Applications Denied | 498 | 130 |
| Applications Withdrawn | 84 | 161 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | CREDIT UNION OF | MERITRUST FEDERAL CREDIT |
|---|---|---|
| Conventional | 1,772 (95.7%) | 1,410 (100.0%) |
| FHA | 58 (3.1%) | — |
| VA | 9 (0.5%) | — |
| USDA | 13 (0.7%) | — |
Loan Purpose Breakdown
| Purpose | CREDIT UNION OF | MERITRUST FEDERAL CREDIT |
|---|---|---|
| Home Purchase | 718 | 728 |
| Home Improvement | 463 | 2 |
| Other | 342 | 12 |
| Refinancing | 274 | 149 |
| Cash-out Refinancing | 55 | 519 |
Top States by Loan Volume
Summary
- 1,852 total applications · 1,001 originated
- Approval rate: 54.0%
- Denial rate: 26.9%
- Avg loan: $113,602
- Avg rate: 7.939%
- HQ: WICHITA, KS
- 1,410 total applications · 911 originated
- Approval rate: 64.6%
- Denial rate: 9.2%
- Avg loan: $171,823
- Avg rate: 6.867%
- HQ: WICHITA, KS
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.