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 Interstate Bank | West Gate Bank |
|---|---|---|
| Total Applications | 4,267 ▲ | 3,589 |
| Loans Originated | 2,414 | 2,003 |
| Approval Rate (higher is better) | 56.6% ✓ | 55.8% |
| Denial Rate (lower is better) | 27.5% | 3.0% ✓ |
| Avg Loan Amount | $186,685 | $257,984 |
| Avg Interest Rate (lower is better) | 8.855% | 6.313% ✓ |
| Avg Applicant Income | $35,000 | $35,000 |
| Applications Denied | 1,175 | 108 |
| Applications Withdrawn | 519 | 12 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | First Interstate Bank | West Gate Bank |
|---|---|---|
| Conventional | 4,130 (96.8%) | 3,339 (93.0%) |
| FHA | 107 (2.5%) | 94 (2.6%) |
| VA | 19 (0.4%) | 124 (3.5%) |
| USDA | 11 (0.3%) | 32 (0.9%) |
Loan Purpose Breakdown
| Purpose | First Interstate Bank | West Gate Bank |
|---|---|---|
| Home Improvement | 1,529 | 28 |
| Home Purchase | 1,107 | 2,921 |
| Refinancing | 908 | 397 |
| Other | 589 | 71 |
| Cash-out Refinancing | 134 | 172 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Montana | 610 | #7 |
| South Dakota | 420 | #10 |
| Wyoming | 261 | #10 |
| State | Originated | Rank |
|---|---|---|
| Nebraska | 1,593 | #4 |
Summary
- 4,267 total applications · 2,414 originated
- Approval rate: 56.6%
- Denial rate: 27.5%
- Avg loan: $186,685
- Avg rate: 8.855%
- HQ: Billings, MT
- 3,589 total applications · 2,003 originated
- Approval rate: 55.8%
- Denial rate: 3.0%
- Avg loan: $257,984
- Avg rate: 6.313%
- HQ: Lincoln, NE
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.