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 | Great Oaks Bank | Colony Bank |
|---|---|---|
| Total Applications | 99 | 1,093 ▲ |
| Loans Originated | 73 | 824 |
| Approval Rate (higher is better) | 73.7% | 75.4% ✓ |
| Denial Rate (lower is better) | 7.1% | 5.1% ✓ |
| Avg Loan Amount | $314,293 | $284,094 |
| Avg Interest Rate (lower is better) | N/A | 6.886% |
| Avg Applicant Income | N/A | $37,000 |
| Applications Denied | 7 | 56 |
| Applications Withdrawn | 19 | 183 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Great Oaks Bank | Colony Bank |
|---|---|---|
| Conventional | 99 (100.0%) | 678 (62.0%) |
| FHA | — | 266 (24.3%) |
| VA | — | 136 (12.4%) |
| USDA | — | 13 (1.2%) |
Loan Purpose Breakdown
| Purpose | Great Oaks Bank | Colony Bank |
|---|---|---|
| Home Purchase | 48 | 861 |
| Refinancing | 43 | 127 |
| Home Improvement | 4 | 26 |
| Other | 4 | 24 |
| Cash-out Refinancing | — | 55 |
Summary
- 99 total applications · 73 originated
- Approval rate: 73.7%
- Denial rate: 7.1%
- Avg loan: $314,293
- HQ: Eastman, GA
- 1,093 total applications · 824 originated
- Approval rate: 75.4%
- Denial rate: 5.1%
- Avg loan: $284,094
- Avg rate: 6.886%
- HQ: Fitzgerald, GA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.