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 UNITED BANK | GATEWAY FIRST BANK |
|---|---|---|
| Total Applications | 10,342 | 13,103 ▲ |
| Loans Originated | 7,177 | 8,366 |
| Approval Rate (higher is better) | 69.4% ✓ | 63.8% |
| Denial Rate (lower is better) | 5.7% | 4.3% ✓ |
| Avg Loan Amount | $352,203 | $255,665 |
| Avg Interest Rate (lower is better) | 7.257% | 6.016% ✓ |
| Avg Applicant Income | $37,000 | $39,000 |
| Applications Denied | 590 | 560 |
| Applications Withdrawn | 2,125 | 2,741 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | FIRST UNITED BANK | GATEWAY FIRST BANK |
|---|---|---|
| Conventional | 8,084 (78.2%) | 8,145 (62.2%) |
| FHA | 1,470 (14.2%) | 2,943 (22.5%) |
| VA | 732 (7.1%) | 1,844 (14.1%) |
| USDA | 56 (0.5%) | 171 (1.3%) |
Loan Purpose Breakdown
| Purpose | FIRST UNITED BANK | GATEWAY FIRST BANK |
|---|---|---|
| Home Purchase | 7,329 | 10,947 |
| Other | 1,093 | 4 |
| Refinancing | 1,051 | 1,082 |
| Cash-out Refinancing | 436 | 991 |
| Home Improvement | 433 | 79 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Oklahoma | 3,921 | #1 |
| State | Originated | Rank |
|---|---|---|
| Oklahoma | 1,305 | #9 |
| West Virginia | 295 | #17 |
Summary
- 10,342 total applications · 7,177 originated
- Approval rate: 69.4%
- Denial rate: 5.7%
- Avg loan: $352,203
- Avg rate: 7.257%
- HQ: DURANT, TX
- 13,103 total applications · 8,366 originated
- Approval rate: 63.8%
- Denial rate: 4.3%
- Avg loan: $255,665
- Avg rate: 6.016%
- HQ: JENKS, OK
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.