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 | GERMAN AMERICAN BANK | Commonwealth Credit Union |
|---|---|---|
| Total Applications | 3,979 ▲ | 2,600 |
| Loans Originated | 2,948 | 1,543 |
| Approval Rate (higher is better) | 74.1% ✓ | 59.3% |
| Denial Rate (lower is better) | 15.7% ✓ | 23.4% |
| Avg Loan Amount | $170,057 | $140,412 |
| Avg Interest Rate (lower is better) | 3.652% ✓ | 8.128% |
| Avg Applicant Income | $31,000 | $36,000 |
| Applications Denied | 624 | 607 |
| Applications Withdrawn | 332 | 448 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | GERMAN AMERICAN BANK | Commonwealth Credit Union |
|---|---|---|
| Conventional | 3,731 (93.8%) | 2,579 (99.2%) |
| FHA | 163 (4.1%) | 9 (0.3%) |
| VA | 43 (1.1%) | — |
| USDA | 42 (1.1%) | 12 (0.5%) |
Loan Purpose Breakdown
| Purpose | GERMAN AMERICAN BANK | Commonwealth Credit Union |
|---|---|---|
| Home Purchase | 1,279 | 526 |
| Refinancing | 1,027 | 323 |
| Home Improvement | 807 | 587 |
| Other | 720 | 649 |
| Cash-out Refinancing | 146 | 515 |
Top States by Loan Volume
Summary
- 3,979 total applications · 2,948 originated
- Approval rate: 74.1%
- Denial rate: 15.7%
- Avg loan: $170,057
- Avg rate: 3.652%
- HQ: JASPER, IN
- 2,600 total applications · 1,543 originated
- Approval rate: 59.3%
- Denial rate: 23.4%
- Avg loan: $140,412
- Avg rate: 8.128%
- HQ: Frankfort, KY
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.