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 | GATEWAY FIRST BANK | Southwest Funding, LP |
|---|---|---|
| Total Applications | 13,103 ▲ | 3,265 |
| Loans Originated | 8,366 | 2,143 |
| Approval Rate (higher is better) | 63.8% | 65.6% ✓ |
| Denial Rate (lower is better) | 4.3% | 3.6% ✓ |
| Avg Loan Amount | $255,665 | $254,207 |
| Avg Interest Rate (lower is better) | 6.016% ✓ | 6.850% |
| Avg Applicant Income | $39,000 | $41,000 |
| Applications Denied | 560 | 117 |
| Applications Withdrawn | 2,741 | 989 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | GATEWAY FIRST BANK | Southwest Funding, LP |
|---|---|---|
| Conventional | 8,145 (62.2%) | 1,388 (42.5%) |
| FHA | 2,943 (22.5%) | 1,484 (45.5%) |
| VA | 1,844 (14.1%) | 333 (10.2%) |
| USDA | 171 (1.3%) | 60 (1.8%) |
Loan Purpose Breakdown
| Purpose | GATEWAY FIRST BANK | Southwest Funding, LP |
|---|---|---|
| Home Purchase | 10,947 | 2,697 |
| Refinancing | 1,082 | 305 |
| Cash-out Refinancing | 991 | 262 |
| Home Improvement | 79 | — |
| Other | 4 | 1 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Oklahoma | 1,305 | #9 |
| West Virginia | 295 | #17 |
No state data available.
Summary
- 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
- 3,265 total applications · 2,143 originated
- Approval rate: 65.6%
- Denial rate: 3.6%
- Avg loan: $254,207
- Avg rate: 6.850%
- HQ: Dallas, TX
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.