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 | Gate City Bank | Starion Bank |
|---|---|---|
| Total Applications | 4,682 ▲ | 293 |
| Loans Originated | 3,056 | 222 |
| Approval Rate (higher is better) | 65.3% | 75.8% ✓ |
| Denial Rate (lower is better) | 10.3% | 2.0% ✓ |
| Avg Loan Amount | $184,925 | $444,181 |
| Avg Interest Rate (lower is better) | 6.923% ✓ | 7.012% |
| Avg Applicant Income | $35,000 | $33,000 |
| Applications Denied | 480 | 6 |
| Applications Withdrawn | 366 | 56 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Gate City Bank | Starion Bank |
|---|---|---|
| Conventional | 4,050 (86.5%) | 277 (94.5%) |
| FHA | 487 (10.4%) | 15 (5.1%) |
| VA | 119 (2.5%) | 1 (0.3%) |
| USDA | 26 (0.6%) | — |
Loan Purpose Breakdown
| Purpose | Gate City Bank | Starion Bank |
|---|---|---|
| Home Purchase | 2,363 | 209 |
| Home Improvement | 1,029 | 19 |
| Other | 686 | 20 |
| Refinancing | 520 | 34 |
| Cash-out Refinancing | 84 | 11 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| North Dakota | 2,328 | #1 |
| State | Originated | Rank |
|---|---|---|
| North Dakota | 158 | #20 |
Summary
- 4,682 total applications · 3,056 originated
- Approval rate: 65.3%
- Denial rate: 10.3%
- Avg loan: $184,925
- Avg rate: 6.923%
- HQ: Fargo, ND
- 293 total applications · 222 originated
- Approval rate: 75.8%
- Denial rate: 2.0%
- Avg loan: $444,181
- Avg rate: 7.012%
- HQ: Mandan, ND
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.