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 | FRANKLIN BANK & |
|---|---|---|
| Total Applications | 3,979 ▲ | 108 |
| Loans Originated | 2,948 | 105 |
| Approval Rate (higher is better) | 74.1% | 97.2% ✓ |
| Denial Rate (lower is better) | 15.7% | 0.9% ✓ |
| Avg Loan Amount | $170,057 | $258,889 |
| Avg Interest Rate (lower is better) | 3.652% | N/A |
| Avg Applicant Income | $31,000 | N/A |
| Applications Denied | 624 | 1 |
| Applications Withdrawn | 332 | 2 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | GERMAN AMERICAN BANK | FRANKLIN BANK & |
|---|---|---|
| Conventional | 3,731 (93.8%) | 108 (100.0%) |
| FHA | 163 (4.1%) | — |
| VA | 43 (1.1%) | — |
| USDA | 42 (1.1%) | — |
Loan Purpose Breakdown
| Purpose | GERMAN AMERICAN BANK | FRANKLIN BANK & |
|---|---|---|
| Home Purchase | 1,279 | 79 |
| Refinancing | 1,027 | 17 |
| Home Improvement | 807 | 12 |
| Other | 720 | — |
| Cash-out Refinancing | 146 | — |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Indiana | 1,996 | #19 |
No state data available.
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
- 108 total applications · 105 originated
- Approval rate: 97.2%
- Denial rate: 0.9%
- Avg loan: $258,889
- HQ: FRANKLIN, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.