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 State Bank | Fifth Third Bank, |
|---|---|---|
| Total Applications | 573 | 64,220 ▲ |
| Loans Originated | 427 | 30,494 |
| Approval Rate (higher is better) | 74.5% ✓ | 47.5% |
| Denial Rate (lower is better) | 13.4% ✓ | 23.9% |
| Avg Loan Amount | $403,674 | $207,714 |
| Avg Interest Rate (lower is better) | 7.870% ✓ | 8.462% |
| Avg Applicant Income | $35,000 | $37,000 |
| Applications Denied | 77 | 15,321 |
| Applications Withdrawn | 57 | 7,120 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | First State Bank | Fifth Third Bank, |
|---|---|---|
| Conventional | 573 (100.0%) | 59,784 (93.1%) |
| FHA | — | 2,957 (4.6%) |
| VA | — | 1,392 (2.2%) |
| USDA | — | 87 (0.1%) |
Loan Purpose Breakdown
| Purpose | First State Bank | Fifth Third Bank, |
|---|---|---|
| Home Purchase | 226 | 21,505 |
| Home Improvement | 135 | 16,159 |
| Cash-out Refinancing | 107 | 3,760 |
| Other | 86 | 12,263 |
| Refinancing | 19 | 10,417 |
Top States by Loan Volume
Summary
- 573 total applications · 427 originated
- Approval rate: 74.5%
- Denial rate: 13.4%
- Avg loan: $403,674
- Avg rate: 7.870%
- HQ: Winchester, OH
- 64,220 total applications · 30,494 originated
- Approval rate: 47.5%
- Denial rate: 23.9%
- Avg loan: $207,714
- Avg rate: 8.462%
- HQ: Cincinnati, OH
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.