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 | FARMERS & MERCHANTS | American State Bank |
|---|---|---|
| Total Applications | 72 | 101 ▲ |
| Loans Originated | 64 | 90 |
| Approval Rate (higher is better) | 88.9% | 89.1% ✓ |
| Denial Rate (lower is better) | 5.6% ✓ | 7.9% |
| Avg Loan Amount | $172,917 | $114,901 |
| Avg Interest Rate (lower is better) | N/A | N/A |
| Applications Denied | 4 | 8 |
| Applications Withdrawn | 1 | 0 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | FARMERS & MERCHANTS | American State Bank |
|---|---|---|
| Conventional | 72 (100.0%) | 101 (100.0%) |
| FHA | — | — |
| VA | — | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | FARMERS & MERCHANTS | American State Bank |
|---|---|---|
| Home Purchase | 36 | 50 |
| Refinancing | 16 | 19 |
| Home Improvement | 11 | 20 |
| Other | 9 | 12 |
Summary
- 72 total applications · 64 originated
- Approval rate: 88.9%
- Denial rate: 5.6%
- Avg loan: $172,917
- HQ: WINTERSET, IA
- 101 total applications · 90 originated
- Approval rate: 89.1%
- Denial rate: 7.9%
- Avg loan: $114,901
- HQ: Osceola, IA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.