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 Mid Bank | Prairie State Bank |
|---|---|---|
| Total Applications | 2,343 ▲ | 314 |
| Loans Originated | 1,617 | 284 |
| Approval Rate (higher is better) | 69.0% | 90.4% ✓ |
| Denial Rate (lower is better) | 17.5% | 4.1% ✓ |
| Avg Loan Amount | $185,427 | $187,643 |
| Avg Interest Rate (lower is better) | 7.327% | 7.016% ✓ |
| Avg Applicant Income | $34,000 | $30,000 |
| Applications Denied | 410 | 13 |
| Applications Withdrawn | 278 | 0 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | First Mid Bank | Prairie State Bank |
|---|---|---|
| Conventional | 2,216 (94.6%) | 314 (100.0%) |
| FHA | 68 (2.9%) | — |
| VA | 19 (0.8%) | — |
| USDA | 40 (1.7%) | — |
Loan Purpose Breakdown
| Purpose | First Mid Bank | Prairie State Bank |
|---|---|---|
| Home Purchase | 1,296 | 210 |
| Home Improvement | 459 | 17 |
| Other | 251 | 25 |
| Refinancing | 210 | 30 |
| Cash-out Refinancing | 127 | 32 |
Summary
- 2,343 total applications · 1,617 originated
- Approval rate: 69.0%
- Denial rate: 17.5%
- Avg loan: $185,427
- Avg rate: 7.327%
- HQ: Mattoon, IL
- 314 total applications · 284 originated
- Approval rate: 90.4%
- Denial rate: 4.1%
- Avg loan: $187,643
- Avg rate: 7.016%
- HQ: Springfield, IL
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.