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 | Home State Bank | Peoples Bank |
|---|---|---|
| Total Applications | 98 | 116 ▲ |
| Loans Originated | 76 | 94 |
| Approval Rate (higher is better) | 77.6% | 81.0% ✓ |
| Denial Rate (lower is better) | 4.1% | 3.5% ✓ |
| Avg Loan Amount | $195,306 | $371,207 |
| Avg Interest Rate (lower is better) | N/A | N/A |
| Applications Denied | 4 | 4 |
| Applications Withdrawn | 18 | 13 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Home State Bank | Peoples Bank |
|---|---|---|
| Conventional | 98 (100.0%) | 115 (99.1%) |
| FHA | — | 1 (0.9%) |
| VA | — | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | Home State Bank | Peoples Bank |
|---|---|---|
| Home Purchase | 65 | 43 |
| Refinancing | 20 | 53 |
| Home Improvement | 6 | 13 |
| Cash-out Refinancing | 6 | 6 |
| Other | 1 | 1 |
Summary
- 98 total applications · 76 originated
- Approval rate: 77.6%
- Denial rate: 4.1%
- Avg loan: $195,306
- HQ: Jefferson, IA
- 116 total applications · 94 originated
- Approval rate: 81.0%
- Denial rate: 3.5%
- Avg loan: $371,207
- HQ: Adel, IA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.