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 Equity Mortgage | FREEDOM MORTGAGE CORPORATION |
|---|---|---|
| Total Applications | 913 | 252,504 ▲ |
| Loans Originated | 500 | 57,345 |
| Approval Rate (higher is better) | 54.8% ✓ | 22.7% |
| Denial Rate (lower is better) | 17.1% | 4.9% ✓ |
| Avg Loan Amount | $276,249 | $370,000 |
| Avg Interest Rate (lower is better) | 7.055% | 6.206% ✓ |
| Avg Applicant Income | $39,000 | $40,000 |
| Applications Denied | 156 | 12,324 |
| Applications Withdrawn | 253 | 25,081 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | First Equity Mortgage | FREEDOM MORTGAGE CORPORATION |
|---|---|---|
| Conventional | 426 (46.7%) | 30,933 (12.3%) |
| FHA | 401 (43.9%) | 122,934 (48.7%) |
| VA | 31 (3.4%) | 97,642 (38.7%) |
| USDA | 55 (6.0%) | 995 (0.4%) |
Loan Purpose Breakdown
| Purpose | First Equity Mortgage | FREEDOM MORTGAGE CORPORATION |
|---|---|---|
| Home Purchase | 841 | 137,878 |
| Refinancing | 67 | 50,662 |
| Other | 4 | 302 |
| Cash-out Refinancing | 1 | 63,662 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Puerto Rico | 374 | #9 |
Summary
- 913 total applications · 500 originated
- Approval rate: 54.8%
- Denial rate: 17.1%
- Avg loan: $276,249
- Avg rate: 7.055%
- HQ: Miami, FL
- 252,504 total applications · 57,345 originated
- Approval rate: 22.7%
- Denial rate: 4.9%
- Avg loan: $370,000
- Avg rate: 6.206%
- HQ: BOCA RATON, FL
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.