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 National Bank | Armor Bank |
|---|---|---|
| Total Applications | 87 | 120 ▲ |
| Loans Originated | 86 | 114 |
| Approval Rate (higher is better) | 98.9% ✓ | 95.0% |
| Denial Rate (lower is better) | 0.0% ✓ | 4.2% |
| Avg Loan Amount | $102,126 | $261,000 |
| Avg Interest Rate (lower is better) | N/A | N/A |
| Applications Denied | 0 | 5 |
| Applications Withdrawn | 1 | 0 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | First National Bank | Armor Bank |
|---|---|---|
| Conventional | 87 (100.0%) | 120 (100.0%) |
| FHA | — | — |
| VA | — | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | First National Bank | Armor Bank |
|---|---|---|
| Refinancing | 37 | 25 |
| Home Purchase | 28 | 81 |
| Home Improvement | 17 | 11 |
| Other | 4 | 3 |
| Cash-out Refinancing | 1 | — |
Summary
- 87 total applications · 86 originated
- Approval rate: 98.9%
- Denial rate: 0.0%
- Avg loan: $102,126
- HQ: Forrest City, AR
- 120 total applications · 114 originated
- Approval rate: 95.0%
- Denial rate: 4.2%
- Avg loan: $261,000
- HQ: Marked Tree, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.