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 | DEERWOOD BANK | Affinity Plus Federal |
|---|---|---|
| Total Applications | 972 | 5,230 ▲ |
| Loans Originated | 821 | 3,603 |
| Approval Rate (higher is better) | 84.5% ✓ | 68.9% |
| Denial Rate (lower is better) | 3.8% ✓ | 14.8% |
| Avg Loan Amount | $180,288 | $107,837 |
| Avg Interest Rate (lower is better) | 7.757% | 7.176% ✓ |
| Avg Applicant Income | $33,000 | $35,000 |
| Applications Denied | 37 | 773 |
| Applications Withdrawn | 83 | 506 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | DEERWOOD BANK | Affinity Plus Federal |
|---|---|---|
| Conventional | 970 (99.8%) | 5,224 (99.9%) |
| FHA | 1 (0.1%) | — |
| VA | 1 (0.1%) | 6 (0.1%) |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | DEERWOOD BANK | Affinity Plus Federal |
|---|---|---|
| Home Purchase | 375 | 606 |
| Home Improvement | 281 | 1,975 |
| Other | 196 | 1,714 |
| Refinancing | 103 | 728 |
| Cash-out Refinancing | 17 | 207 |
Top States by Loan Volume
No state data available.
| State | Originated | Rank |
|---|---|---|
| Minnesota | 3,468 | #6 |
Summary
- 972 total applications · 821 originated
- Approval rate: 84.5%
- Denial rate: 3.8%
- Avg loan: $180,288
- Avg rate: 7.757%
- HQ: WAITE PARK, MN
- 5,230 total applications · 3,603 originated
- Approval rate: 68.9%
- Denial rate: 14.8%
- Avg loan: $107,837
- Avg rate: 7.176%
- HQ: Saint Paul, MN
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.