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 | EFCU Financial Federal | GMFS, LLC |
|---|---|---|
| Total Applications | 909 | 8,161 ▲ |
| Loans Originated | 647 | 6,012 |
| Approval Rate (higher is better) | 71.2% | 73.7% ✓ |
| Denial Rate (lower is better) | 15.2% | 3.3% ✓ |
| Avg Loan Amount | $149,290 | $280,189 |
| Avg Interest Rate (lower is better) | N/A | 6.624% |
| Avg Applicant Income | N/A | $37,000 |
| Applications Denied | 138 | 266 |
| Applications Withdrawn | 54 | 1,596 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | EFCU Financial Federal | GMFS, LLC |
|---|---|---|
| Conventional | 909 (100.0%) | 4,860 (59.6%) |
| FHA | — | 2,151 (26.4%) |
| VA | — | 451 (5.5%) |
| USDA | — | 699 (8.6%) |
Loan Purpose Breakdown
| Purpose | EFCU Financial Federal | GMFS, LLC |
|---|---|---|
| Other | 694 | 64 |
| Home Purchase | 145 | 5,883 |
| Refinancing | 49 | 1,505 |
| Cash-out Refinancing | 21 | 563 |
| Home Improvement | — | 144 |
Top States by Loan Volume
No state data available.
| State | Originated | Rank |
|---|---|---|
| Louisiana | 3,284 | #2 |
Summary
- 909 total applications · 647 originated
- Approval rate: 71.2%
- Denial rate: 15.2%
- Avg loan: $149,290
- HQ: Baton Rouge, LA
- 8,161 total applications · 6,012 originated
- Approval rate: 73.7%
- Denial rate: 3.3%
- Avg loan: $280,189
- Avg rate: 6.624%
- HQ: BATON ROUGE, LA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.