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 | DHI Mortgage Company, | ROCKET MORTGAGE |
|---|---|---|
| Total Applications | 96,056 | 553,854 ▲ |
| Loans Originated | 70,673 | 361,071 |
| Approval Rate (higher is better) | 73.6% ✓ | 65.2% |
| Denial Rate (lower is better) | 10.3% ✓ | 14.9% |
| Avg Loan Amount | $338,047 | $284,179 |
| Avg Interest Rate (lower is better) | 5.384% ✓ | 7.025% |
| Avg Applicant Income | $41,000 | $38,000 |
| Applications Denied | 9,920 | 82,289 |
| Applications Withdrawn | 14,201 | 37,829 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | DHI Mortgage Company, | ROCKET MORTGAGE |
|---|---|---|
| Conventional | 37,413 (38.9%) | 399,766 (72.2%) |
| FHA | 42,481 (44.2%) | 111,827 (20.2%) |
| VA | 14,991 (15.6%) | 42,234 (7.6%) |
| USDA | 1,171 (1.2%) | 27 (0.0%) |
Loan Purpose Breakdown
| Purpose | DHI Mortgage Company, | ROCKET MORTGAGE |
|---|---|---|
| Home Purchase | 95,975 | 243,308 |
| Cash-out Refinancing | 42 | 230,620 |
| Refinancing | 39 | 50,405 |
| Other | — | 23,875 |
| Home Improvement | — | 4,864 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Texas | 18,498 | #3 |
| Florida | 13,481 | #3 |
| North Carolina | 4,830 | #10 |
| South Carolina | 3,629 | #4 |
| Georgia | 3,048 | #14 |
| Alabama | 2,556 | #6 |
| Arizona | 2,525 | #12 |
| Nevada | 2,096 | #5 |
| State | Originated | Rank |
|---|---|---|
| California | 37,412 | #2 |
| Florida | 29,670 | #2 |
| Texas | 24,479 | #2 |
| Michigan | 19,108 | #1 |
| Georgia | 19,055 | #1 |
| North Carolina | 16,145 | #2 |
| Ohio | 14,225 | #2 |
| Pennsylvania | 13,900 | #1 |
Summary
- 96,056 total applications · 70,673 originated
- Approval rate: 73.6%
- Denial rate: 10.3%
- Avg loan: $338,047
- Avg rate: 5.384%
- HQ: Austin, TX
- 553,854 total applications · 361,071 originated
- Approval rate: 65.2%
- Denial rate: 14.9%
- Avg loan: $284,179
- Avg rate: 7.025%
- HQ: DETROIT, 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.