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 FEDERAL SAVINGS | LAKE CITY BANK |
|---|---|---|
| Total Applications | 1,033 | 2,470 ▲ |
| Loans Originated | 883 | 1,742 |
| Approval Rate (higher is better) | 85.5% ✓ | 70.5% |
| Denial Rate (lower is better) | 5.4% ✓ | 11.5% |
| Avg Loan Amount | $201,331 | $189,672 |
| Avg Interest Rate (lower is better) | 7.821% ✓ | 8.413% |
| Avg Applicant Income | $34,000 | $31,000 |
| Applications Denied | 56 | 285 |
| Applications Withdrawn | 68 | 109 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | FIRST FEDERAL SAVINGS | LAKE CITY BANK |
|---|---|---|
| Conventional | 1,033 (100.0%) | 2,470 (100.0%) |
| FHA | — | — |
| VA | — | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | FIRST FEDERAL SAVINGS | LAKE CITY BANK |
|---|---|---|
| Home Purchase | 580 | 465 |
| Home Improvement | 181 | 30 |
| Other | 105 | 916 |
| Cash-out Refinancing | 104 | 422 |
| Refinancing | 63 | 637 |
Summary
- 1,033 total applications · 883 originated
- Approval rate: 85.5%
- Denial rate: 5.4%
- Avg loan: $201,331
- Avg rate: 7.821%
- HQ: ROCHESTER, IN
- 2,470 total applications · 1,742 originated
- Approval rate: 70.5%
- Denial rate: 11.5%
- Avg loan: $189,672
- Avg rate: 8.413%
- HQ: WARSAW, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.