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 | EDUCATORS CREDIT UNION | JOHNSON BANK |
|---|---|---|
| Total Applications | 6,114 | 4,804 ▲ |
| Loans Originated | 3,057 | 3,154 |
| Approval Rate (higher is better) | 50.0% | 65.7% ✓ |
| Denial Rate (lower is better) | 23.4% | 7.1% ✓ |
| Avg Loan Amount | $126,173 | $304,700 |
| Avg Interest Rate (lower is better) | 7.328% | 7.200% ✓ |
| Avg Applicant Income | $35,000 | $36,000 |
| Applications Denied | 1,431 | 340 |
| Applications Withdrawn | 251 | 153 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | EDUCATORS CREDIT UNION | JOHNSON BANK |
|---|---|---|
| Conventional | 6,092 (99.6%) | 4,775 (99.4%) |
| FHA | — | — |
| VA | 22 (0.4%) | 28 (0.6%) |
| USDA | — | 1 (0.0%) |
Loan Purpose Breakdown
| Purpose | EDUCATORS CREDIT UNION | JOHNSON BANK |
|---|---|---|
| Other | 2,770 | 650 |
| Home Purchase | 1,980 | 2,944 |
| Cash-out Refinancing | 1,214 | 188 |
| Refinancing | 149 | 539 |
| Home Improvement | 1 | 467 |
Top States by Loan Volume
Summary
- 6,114 total applications · 3,057 originated
- Approval rate: 50.0%
- Denial rate: 23.4%
- Avg loan: $126,173
- Avg rate: 7.328%
- HQ: MOUNT PLEASANT, WI
- 4,804 total applications · 3,154 originated
- Approval rate: 65.7%
- Denial rate: 7.1%
- Avg loan: $304,700
- Avg rate: 7.200%
- HQ: RACINE, WI
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.