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 | GUARANTY BANK & | Pilgrim Bank |
|---|---|---|
| Total Applications | 571 ▲ | 139 |
| Loans Originated | 445 | 122 |
| Approval Rate (higher is better) | 77.9% | 87.8% ✓ |
| Denial Rate (lower is better) | 9.5% | 6.5% ✓ |
| Avg Loan Amount | $267,189 | $299,317 |
| Avg Interest Rate (lower is better) | 7.471% | N/A |
| Avg Applicant Income | $35,000 | N/A |
| Applications Denied | 54 | 9 |
| Applications Withdrawn | 43 | 0 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | GUARANTY BANK & | Pilgrim Bank |
|---|---|---|
| Conventional | 499 (87.4%) | 139 (100.0%) |
| FHA | 49 (8.6%) | — |
| VA | 12 (2.1%) | — |
| USDA | 11 (1.9%) | — |
Loan Purpose Breakdown
| Purpose | GUARANTY BANK & | Pilgrim Bank |
|---|---|---|
| Home Purchase | 394 | 78 |
| Home Improvement | 63 | 19 |
| Cash-out Refinancing | 54 | — |
| Other | 41 | 16 |
| Refinancing | 19 | 26 |
Summary
- 571 total applications · 445 originated
- Approval rate: 77.9%
- Denial rate: 9.5%
- Avg loan: $267,189
- Avg rate: 7.471%
- HQ: MT PLEASANT, TX
- 139 total applications · 122 originated
- Approval rate: 87.8%
- Denial rate: 6.5%
- Avg loan: $299,317
- HQ: Mt. Pleasant, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.