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 | Ruoff Mortgage Company |
|---|---|---|
| Total Applications | 1,362 | 15,781 ▲ |
| Loans Originated | 805 | 10,647 |
| Approval Rate (higher is better) | 59.1% | 67.5% ✓ |
| Denial Rate (lower is better) | 14.5% | 6.8% ✓ |
| Avg Loan Amount | $189,905 | $206,344 |
| Avg Interest Rate (lower is better) | 7.787% | 6.794% ✓ |
| Avg Applicant Income | $33,000 | $37,000 |
| Applications Denied | 198 | 1,066 |
| Applications Withdrawn | 21 | 2,636 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | First Farmers Bank | Ruoff Mortgage Company |
|---|---|---|
| Conventional | 1,362 (100.0%) | 10,071 (63.8%) |
| FHA | — | 4,571 (29.0%) |
| VA | — | 814 (5.2%) |
| USDA | — | 325 (2.1%) |
Loan Purpose Breakdown
| Purpose | First Farmers Bank | Ruoff Mortgage Company |
|---|---|---|
| Home Purchase | 634 | 11,971 |
| Home Improvement | 240 | — |
| Cash-out Refinancing | 236 | 2,899 |
| Other | 194 | 1 |
| Refinancing | 58 | 910 |
Top States by Loan Volume
No state data available.
| State | Originated | Rank |
|---|---|---|
| Indiana | 6,395 | #2 |
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
- 15,781 total applications · 10,647 originated
- Approval rate: 67.5%
- Denial rate: 6.8%
- Avg loan: $206,344
- Avg rate: 6.794%
- HQ: Fort Wayne, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.