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 | Global Federal Credit | Residential Mortgage, LLC |
|---|---|---|
| Total Applications | 4,306 ▲ | 2,364 |
| Loans Originated | 2,516 | 1,765 |
| Approval Rate (higher is better) | 58.4% | 74.7% ✓ |
| Denial Rate (lower is better) | 19.9% | 4.6% ✓ |
| Avg Loan Amount | $324,027 | $400,948 |
| Avg Interest Rate (lower is better) | 7.255% | 6.264% ✓ |
| Avg Applicant Income | $38,000 | $38,000 |
| Applications Denied | 857 | 109 |
| Applications Withdrawn | 738 | 459 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Global Federal Credit | Residential Mortgage, LLC |
|---|---|---|
| Conventional | 3,739 (86.8%) | 1,709 (72.3%) |
| FHA | 302 (7.0%) | 312 (13.2%) |
| VA | 256 (5.9%) | 326 (13.8%) |
| USDA | 9 (0.2%) | 17 (0.7%) |
Loan Purpose Breakdown
| Purpose | Global Federal Credit | Residential Mortgage, LLC |
|---|---|---|
| Home Purchase | 2,057 | 2,120 |
| Home Improvement | 956 | — |
| Other | 832 | — |
| Refinancing | 292 | 109 |
| Cash-out Refinancing | 169 | 135 |
Top States by Loan Volume
Summary
- 4,306 total applications · 2,516 originated
- Approval rate: 58.4%
- Denial rate: 19.9%
- Avg loan: $324,027
- Avg rate: 7.255%
- HQ: Anchorage, AK
- 2,364 total applications · 1,765 originated
- Approval rate: 74.7%
- Denial rate: 4.6%
- Avg loan: $400,948
- Avg rate: 6.264%
- HQ: Anchorage, AK
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.