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 | First Colony Mortgage | AMERICA FIRST FEDERAL |
|---|---|---|
| Total Applications | 10,161 | 22,439 ▲ |
| Loans Originated | 7,567 | 16,009 |
| Approval Rate (higher is better) | 74.5% ✓ | 71.3% |
| Denial Rate (lower is better) | 4.4% ✓ | 19.8% |
| Avg Loan Amount | $383,639 | $134,435 |
| Avg Interest Rate (lower is better) | 6.525% ✓ | 7.857% |
| Avg Applicant Income | $34,000 | $38,000 |
| Applications Denied | 449 | 4,432 |
| Applications Withdrawn | 1,265 | 873 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | First Colony Mortgage | AMERICA FIRST FEDERAL |
|---|---|---|
| Conventional | 7,007 (69.0%) | 22,252 (99.2%) |
| FHA | 2,211 (21.8%) | 144 (0.6%) |
| VA | 783 (7.7%) | 39 (0.2%) |
| USDA | 160 (1.6%) | 4 (0.0%) |
Loan Purpose Breakdown
| Purpose | First Colony Mortgage | AMERICA FIRST FEDERAL |
|---|---|---|
| Home Purchase | 8,407 | 2,068 |
| Refinancing | 925 | 5,681 |
| Cash-out Refinancing | 789 | 331 |
| Home Improvement | 40 | 7,845 |
| Other | — | 6,514 |
Top States by Loan Volume
Summary
- 10,161 total applications · 7,567 originated
- Approval rate: 74.5%
- Denial rate: 4.4%
- Avg loan: $383,639
- Avg rate: 6.525%
- HQ: Pleasant Grove, UT
- 22,439 total applications · 16,009 originated
- Approval rate: 71.3%
- Denial rate: 19.8%
- Avg loan: $134,435
- Avg rate: 7.857%
- HQ: ROY, UT
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.