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 STATE BANK | Interra Credit Union |
|---|---|---|
| Total Applications | 546 | 1,849 ▲ |
| Loans Originated | 435 | 1,215 |
| Approval Rate (higher is better) | 79.7% ✓ | 65.7% |
| Denial Rate (lower is better) | 15.0% ✓ | 17.6% |
| Avg Loan Amount | $165,623 | $148,348 |
| Avg Interest Rate (lower is better) | 7.983% | 7.575% ✓ |
| Avg Applicant Income | $32,000 | $36,000 |
| Applications Denied | 82 | 325 |
| Applications Withdrawn | 4 | 245 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | FARMERS STATE BANK | Interra Credit Union |
|---|---|---|
| Conventional | 546 (100.0%) | 1,847 (99.9%) |
| FHA | — | 2 (0.1%) |
| VA | — | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | FARMERS STATE BANK | Interra Credit Union |
|---|---|---|
| Refinancing | 182 | 309 |
| Home Purchase | 172 | 625 |
| Other | 101 | 252 |
| Home Improvement | 86 | 449 |
| Cash-out Refinancing | 5 | 214 |
Summary
- 546 total applications · 435 originated
- Approval rate: 79.7%
- Denial rate: 15.0%
- Avg loan: $165,623
- Avg rate: 7.983%
- HQ: LAGRANGE, IN
- 1,849 total applications · 1,215 originated
- Approval rate: 65.7%
- Denial rate: 17.6%
- Avg loan: $148,348
- Avg rate: 7.575%
- HQ: Goshen, IN
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.