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 | EMPOWER FEDERAL CREDIT | AMERICU CREDIT UNION |
|---|---|---|
| Total Applications | 4,518 ▲ | 3,022 |
| Loans Originated | 2,916 | 1,921 |
| Approval Rate (higher is better) | 64.5% ✓ | 63.6% |
| Denial Rate (lower is better) | 15.6% ✓ | 25.9% |
| Avg Loan Amount | $142,167 | $140,642 |
| Avg Interest Rate (lower is better) | 7.664% | 6.365% ✓ |
| Avg Applicant Income | $36,000 | $36,000 |
| Applications Denied | 705 | 782 |
| Applications Withdrawn | 249 | 261 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | EMPOWER FEDERAL CREDIT | AMERICU CREDIT UNION |
|---|---|---|
| Conventional | 4,518 (100.0%) | 2,753 (91.1%) |
| FHA | — | 221 (7.3%) |
| VA | — | 43 (1.4%) |
| USDA | — | 5 (0.2%) |
Loan Purpose Breakdown
| Purpose | EMPOWER FEDERAL CREDIT | AMERICU CREDIT UNION |
|---|---|---|
| Home Improvement | 1,486 | 826 |
| Home Purchase | 1,366 | 920 |
| Other | 690 | 735 |
| Cash-out Refinancing | 662 | 88 |
| Refinancing | 314 | 451 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| New York | 2,889 | #17 |
No state data available.
Summary
- 4,518 total applications · 2,916 originated
- Approval rate: 64.5%
- Denial rate: 15.6%
- Avg loan: $142,167
- Avg rate: 7.664%
- HQ: SYRACUSE, NY
- 3,022 total applications · 1,921 originated
- Approval rate: 63.6%
- Denial rate: 25.9%
- Avg loan: $140,642
- Avg rate: 6.365%
- HQ: ROME, NY
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.