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 Source Federal | AMERICU CREDIT UNION |
|---|---|---|
| Total Applications | 1,262 | 3,022 ▲ |
| Loans Originated | 948 | 1,921 |
| Approval Rate (higher is better) | 75.1% ✓ | 63.6% |
| Denial Rate (lower is better) | 13.7% ✓ | 25.9% |
| Avg Loan Amount | $99,540 | $140,642 |
| Avg Interest Rate (lower is better) | 7.095% | 6.365% ✓ |
| Avg Applicant Income | $36,000 | $36,000 |
| Applications Denied | 173 | 782 |
| Applications Withdrawn | 113 | 261 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | First Source Federal | AMERICU CREDIT UNION |
|---|---|---|
| Conventional | 1,262 (100.0%) | 2,753 (91.1%) |
| FHA | — | 221 (7.3%) |
| VA | — | 43 (1.4%) |
| USDA | — | 5 (0.2%) |
Loan Purpose Breakdown
| Purpose | First Source Federal | AMERICU CREDIT UNION |
|---|---|---|
| Home Improvement | 512 | 826 |
| Other | 264 | 735 |
| Refinancing | 243 | 451 |
| Home Purchase | 232 | 920 |
| Cash-out Refinancing | 11 | 88 |
Summary
- 1,262 total applications · 948 originated
- Approval rate: 75.1%
- Denial rate: 13.7%
- Avg loan: $99,540
- Avg rate: 7.095%
- HQ: New Hartford, NY
- 3,022 total applications · 1,921 originated
- Approval rate: 63.6%
- Denial rate: 25.9%
- Avg loan: $140,642
- Avg rate: 6.365%
- HQ: ROME, NY
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.