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 | EVERETT FINANCIAL, INC. | Minnwest Bank |
|---|---|---|
| Total Applications | 20,853 ▲ | 681 |
| Loans Originated | 15,471 | 502 |
| Approval Rate (higher is better) | 74.2% ✓ | 73.7% |
| Denial Rate (lower is better) | 6.3% ✓ | 11.9% |
| Avg Loan Amount | $305,850 | $264,119 |
| Avg Interest Rate (lower is better) | 6.313% ✓ | 7.132% |
| Avg Applicant Income | $40,000 | $33,000 |
| Applications Denied | 1,308 | 81 |
| Applications Withdrawn | 3,870 | 89 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | EVERETT FINANCIAL, INC. | Minnwest Bank |
|---|---|---|
| Conventional | 13,474 (64.6%) | 680 (99.9%) |
| FHA | 6,121 (29.4%) | — |
| VA | 1,072 (5.1%) | — |
| USDA | 186 (0.9%) | 1 (0.1%) |
Loan Purpose Breakdown
| Purpose | EVERETT FINANCIAL, INC. | Minnwest Bank |
|---|---|---|
| Home Purchase | 18,443 | 285 |
| Cash-out Refinancing | 1,800 | 11 |
| Refinancing | 610 | 79 |
| Home Improvement | — | 199 |
| Other | — | 107 |
Summary
- 20,853 total applications · 15,471 originated
- Approval rate: 74.2%
- Denial rate: 6.3%
- Avg loan: $305,850
- Avg rate: 6.313%
- HQ: DALLAS, TX
- 681 total applications · 502 originated
- Approval rate: 73.7%
- Denial rate: 11.9%
- Avg loan: $264,119
- Avg rate: 7.132%
- HQ: Redwood Falls, MN
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.