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 | MILLENNIUM FINANCIAL GROUP |
|---|---|---|
| Total Applications | 271 | 291 ▲ |
| Loans Originated | 200 | 243 |
| Approval Rate (higher is better) | 73.8% | 83.5% ✓ |
| Denial Rate (lower is better) | 18.1% | 6.5% ✓ |
| Avg Loan Amount | $298,616 | $260,155 |
| Avg Interest Rate (lower is better) | N/A | 6.642% |
| Avg Applicant Income | N/A | $37,000 |
| Applications Denied | 49 | 19 |
| Applications Withdrawn | 15 | 29 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | FIRST UNITED BANK | MILLENNIUM FINANCIAL GROUP |
|---|---|---|
| Conventional | 270 (99.6%) | 192 (66.0%) |
| FHA | — | 78 (26.8%) |
| VA | — | 11 (3.8%) |
| USDA | 1 (0.4%) | 10 (3.4%) |
Loan Purpose Breakdown
| Purpose | FIRST UNITED BANK | MILLENNIUM FINANCIAL GROUP |
|---|---|---|
| Home Purchase | 215 | 230 |
| Cash-out Refinancing | 29 | 31 |
| Refinancing | 24 | 26 |
| Home Improvement | 3 | — |
| Other | — | 4 |
Summary
- 271 total applications · 200 originated
- Approval rate: 73.8%
- Denial rate: 18.1%
- Avg loan: $298,616
- HQ: OAKLAND, MD
- 291 total applications · 243 originated
- Approval rate: 83.5%
- Denial rate: 6.5%
- Avg loan: $260,155
- Avg rate: 6.642%
- HQ: MIDDLETOWN, MD
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.