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 HORIZON BANK | FIRST NATIONAL BANK |
|---|---|---|
| Total Applications | 13,326 ▲ | 87 |
| Loans Originated | 7,808 | 53 |
| Approval Rate (higher is better) | 58.6% | 60.9% ✓ |
| Denial Rate (lower is better) | 21.7% ✓ | 25.3% |
| Avg Loan Amount | $378,768 | $104,885 |
| Avg Interest Rate (lower is better) | 7.374% | N/A |
| Avg Applicant Income | $35,000 | N/A |
| Applications Denied | 2,889 | 22 |
| Applications Withdrawn | 1,418 | 0 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | FIRST HORIZON BANK | FIRST NATIONAL BANK |
|---|---|---|
| Conventional | 12,182 (91.4%) | 87 (100.0%) |
| FHA | 731 (5.5%) | — |
| VA | 369 (2.8%) | — |
| USDA | 44 (0.3%) | — |
Loan Purpose Breakdown
| Purpose | FIRST HORIZON BANK | FIRST NATIONAL BANK |
|---|---|---|
| Home Purchase | 6,652 | 45 |
| Home Improvement | 3,045 | 10 |
| Refinancing | 1,826 | 21 |
| Other | 1,194 | 11 |
| Cash-out Refinancing | 607 | — |
Top States by Loan Volume
Summary
- 13,326 total applications · 7,808 originated
- Approval rate: 58.6%
- Denial rate: 21.7%
- Avg loan: $378,768
- Avg rate: 7.374%
- HQ: MEMPHIS, TN
- 87 total applications · 53 originated
- Approval rate: 60.9%
- Denial rate: 25.3%
- Avg loan: $104,885
- HQ: WALNUT RIDGE, AR
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.