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 | GULF COAST BANK | FIDELITY BANK |
|---|---|---|
| Total Applications | 2,279 | 2,729 ▲ |
| Loans Originated | 1,545 | 1,798 |
| Approval Rate (higher is better) | 67.8% ✓ | 65.9% |
| Denial Rate (lower is better) | 11.8% | 11.5% ✓ |
| Avg Loan Amount | $298,221 | $256,829 |
| Avg Interest Rate (lower is better) | 7.441% | 7.038% ✓ |
| Avg Applicant Income | $38,000 | $38,000 |
| Applications Denied | 268 | 313 |
| Applications Withdrawn | 351 | 508 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | GULF COAST BANK | FIDELITY BANK |
|---|---|---|
| Conventional | 1,720 (75.5%) | 1,797 (65.8%) |
| FHA | 460 (20.2%) | 729 (26.7%) |
| VA | 56 (2.5%) | 125 (4.6%) |
| USDA | 43 (1.9%) | 78 (2.9%) |
Loan Purpose Breakdown
| Purpose | GULF COAST BANK | FIDELITY BANK |
|---|---|---|
| Home Purchase | 1,591 | 2,083 |
| Refinancing | 283 | 161 |
| Home Improvement | 201 | 195 |
| Other | 148 | 157 |
| Cash-out Refinancing | 56 | 133 |
Top States by Loan Volume
Summary
- 2,279 total applications · 1,545 originated
- Approval rate: 67.8%
- Denial rate: 11.8%
- Avg loan: $298,221
- Avg rate: 7.441%
- HQ: Metairie, LA
- 2,729 total applications · 1,798 originated
- Approval rate: 65.9%
- Denial rate: 11.5%
- Avg loan: $256,829
- Avg rate: 7.038%
- HQ: Gretna, LA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.