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 | HAMILTON MORTGAGE CORPORATION | River Bank & |
|---|---|---|
| Total Applications | 637 | 1,507 ▲ |
| Loans Originated | 506 | 1,249 |
| Approval Rate (higher is better) | 79.4% | 82.9% ✓ |
| Denial Rate (lower is better) | 1.6% ✓ | 5.3% |
| Avg Loan Amount | $193,885 | $207,196 |
| Avg Interest Rate (lower is better) | 6.432% ✓ | 7.593% |
| Avg Applicant Income | $35,000 | $32,000 |
| Applications Denied | 10 | 80 |
| Applications Withdrawn | 119 | 155 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | HAMILTON MORTGAGE CORPORATION | River Bank & |
|---|---|---|
| Conventional | 289 (45.4%) | 1,474 (97.8%) |
| FHA | 251 (39.4%) | 18 (1.2%) |
| VA | 28 (4.4%) | 14 (0.9%) |
| USDA | 69 (10.8%) | 1 (0.1%) |
Loan Purpose Breakdown
| Purpose | HAMILTON MORTGAGE CORPORATION | River Bank & |
|---|---|---|
| Home Purchase | 574 | 674 |
| Refinancing | 63 | 278 |
| Home Improvement | — | 273 |
| Other | — | 255 |
| Cash-out Refinancing | — | 27 |
Summary
- 637 total applications · 506 originated
- Approval rate: 79.4%
- Denial rate: 1.6%
- Avg loan: $193,885
- Avg rate: 6.432%
- HQ: BIRMINGHAM, AL
- 1,507 total applications · 1,249 originated
- Approval rate: 82.9%
- Denial rate: 5.3%
- Avg loan: $207,196
- Avg rate: 7.593%
- HQ: Gadsden, AL
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.