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 Farmers Bank | Beacon Credit Union |
|---|---|---|
| Total Applications | 1,362 ▲ | 531 |
| Loans Originated | 805 | 353 |
| Approval Rate (higher is better) | 59.1% | 66.5% ✓ |
| Denial Rate (lower is better) | 14.5% ✓ | 20.3% |
| Avg Loan Amount | $189,905 | $117,354 |
| Avg Interest Rate (lower is better) | 7.787% | 7.665% ✓ |
| Avg Applicant Income | $33,000 | $31,000 |
| Applications Denied | 198 | 108 |
| Applications Withdrawn | 21 | 29 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | First Farmers Bank | Beacon Credit Union |
|---|---|---|
| Conventional | 1,362 (100.0%) | 531 (100.0%) |
| FHA | — | — |
| VA | — | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | First Farmers Bank | Beacon Credit Union |
|---|---|---|
| Home Purchase | 634 | 162 |
| Home Improvement | 240 | 58 |
| Cash-out Refinancing | 236 | 290 |
| Other | 194 | — |
| Refinancing | 58 | 21 |
Summary
- 1,362 total applications · 805 originated
- Approval rate: 59.1%
- Denial rate: 14.5%
- Avg loan: $189,905
- Avg rate: 7.787%
- HQ: Converse, IN
- 531 total applications · 353 originated
- Approval rate: 66.5%
- Denial rate: 20.3%
- Avg loan: $117,354
- Avg rate: 7.665%
- HQ: Wabash, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.