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 | Digital Federal Credit | Leader Bank NA |
|---|---|---|
| Total Applications | 11,503 | 6,683 ▲ |
| Loans Originated | 4,232 | 5,398 |
| Approval Rate (higher is better) | 36.8% | 80.8% ✓ |
| Denial Rate (lower is better) | 23.0% | 2.6% ✓ |
| Avg Loan Amount | $282,415 | $513,927 |
| Avg Interest Rate (lower is better) | 7.644% | 6.554% ✓ |
| Avg Applicant Income | $37,000 | $35,000 |
| Applications Denied | 2,647 | 171 |
| Applications Withdrawn | 1,719 | 822 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Digital Federal Credit | Leader Bank NA |
|---|---|---|
| Conventional | 11,503 (100.0%) | 6,496 (97.2%) |
| FHA | — | 100 (1.5%) |
| VA | — | 87 (1.3%) |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | Digital Federal Credit | Leader Bank NA |
|---|---|---|
| Home Purchase | 4,086 | 5,249 |
| Home Improvement | 3,027 | 49 |
| Other | 2,232 | 616 |
| Cash-out Refinancing | 1,538 | 265 |
| Refinancing | 620 | 504 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Massachusetts | 1,935 | #14 |
| New Hampshire | 671 | #11 |
| State | Originated | Rank |
|---|---|---|
| Massachusetts | 4,371 | #4 |
Summary
- 11,503 total applications · 4,232 originated
- Approval rate: 36.8%
- Denial rate: 23.0%
- Avg loan: $282,415
- Avg rate: 7.644%
- HQ: Marlborough, MA
- 6,683 total applications · 5,398 originated
- Approval rate: 80.8%
- Denial rate: 2.6%
- Avg loan: $513,927
- Avg rate: 6.554%
- HQ: Arlington, MA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.