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 | Mortgage Research Center |
|---|---|---|
| Total Applications | 2,183 | 147,700 ▲ |
| Loans Originated | 2,173 | 73,759 |
| Approval Rate (higher is better) | 99.5% ✓ | 49.9% |
| Denial Rate (lower is better) | 0.1% ✓ | 15.9% |
| Avg Loan Amount | $309,837 | $314,113 |
| Avg Interest Rate (lower is better) | 6.720% | 6.395% ✓ |
| Avg Applicant Income | $36,000 | $41,000 |
| Applications Denied | 1 | 23,564 |
| Applications Withdrawn | 9 | 38,037 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | FIRST STATE BANK | Mortgage Research Center |
|---|---|---|
| Conventional | 1,881 (86.2%) | 11,299 (7.6%) |
| FHA | 199 (9.1%) | 4,858 (3.3%) |
| VA | 89 (4.1%) | 131,276 (88.9%) |
| USDA | 14 (0.6%) | 267 (0.2%) |
Loan Purpose Breakdown
| Purpose | FIRST STATE BANK | Mortgage Research Center |
|---|---|---|
| Home Purchase | 1,847 | 97,464 |
| Refinancing | 233 | 24,208 |
| Cash-out Refinancing | 94 | 26,028 |
| Home Improvement | 6 | — |
| Other | 3 | — |
Top States by Loan Volume
Summary
- 2,183 total applications · 2,173 originated
- Approval rate: 99.5%
- Denial rate: 0.1%
- Avg loan: $309,837
- Avg rate: 6.720%
- HQ: ST CHARLES, MO
- 147,700 total applications · 73,759 originated
- Approval rate: 49.9%
- Denial rate: 15.9%
- Avg loan: $314,113
- Avg rate: 6.395%
- HQ: Columbia, MO
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.