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 | VERIDIAN CREDIT UNION |
|---|---|---|
| Total Applications | 7,537 | 11,053 ▲ |
| Loans Originated | 4,818 | 7,554 |
| Approval Rate (higher is better) | 63.9% | 68.3% ✓ |
| Denial Rate (lower is better) | 17.0% | 12.1% ✓ |
| Avg Loan Amount | $232,407 | $124,193 |
| Avg Interest Rate (lower is better) | 6.952% ✓ | 7.077% |
| Avg Applicant Income | $36,000 | $34,000 |
| Applications Denied | 1,283 | 1,338 |
| Applications Withdrawn | 1,160 | 1,183 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | FIRST NATIONAL BANK | VERIDIAN CREDIT UNION |
|---|---|---|
| Conventional | 7,032 (93.3%) | 10,932 (98.9%) |
| FHA | 349 (4.6%) | — |
| VA | 129 (1.7%) | 121 (1.1%) |
| USDA | 27 (0.4%) | — |
Loan Purpose Breakdown
| Purpose | FIRST NATIONAL BANK | VERIDIAN CREDIT UNION |
|---|---|---|
| Home Purchase | 3,573 | 3,340 |
| Home Improvement | 1,533 | 2,476 |
| Refinancing | 1,110 | 989 |
| Other | 1,049 | 3,766 |
| Cash-out Refinancing | 272 | 482 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Nebraska | 2,548 | #1 |
| South Dakota | 210 | #20 |
Summary
- 7,537 total applications · 4,818 originated
- Approval rate: 63.9%
- Denial rate: 17.0%
- Avg loan: $232,407
- Avg rate: 6.952%
- HQ: OMAHA, NE
- 11,053 total applications · 7,554 originated
- Approval rate: 68.3%
- Denial rate: 12.1%
- Avg loan: $124,193
- Avg rate: 7.077%
- HQ: WATERLOO, IA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.