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 | INDEPENDENCE BANK OF | FIRST UNITED BANK |
|---|---|---|
| Total Applications | 1,445 ▲ | 122 |
| Loans Originated | 1,083 | 109 |
| Approval Rate (higher is better) | 74.9% | 89.3% ✓ |
| Denial Rate (lower is better) | 13.2% | 4.9% ✓ |
| Avg Loan Amount | $174,017 | $159,836 |
| Avg Interest Rate (lower is better) | 7.671% | N/A |
| Avg Applicant Income | $31,000 | N/A |
| Applications Denied | 190 | 6 |
| Applications Withdrawn | 138 | 7 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | INDEPENDENCE BANK OF | FIRST UNITED BANK |
|---|---|---|
| Conventional | 1,439 (99.6%) | 122 (100.0%) |
| FHA | 5 (0.3%) | — |
| VA | 1 (0.1%) | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | INDEPENDENCE BANK OF | FIRST UNITED BANK |
|---|---|---|
| Home Purchase | 586 | 73 |
| Other | 390 | 2 |
| Refinancing | 313 | 43 |
| Home Improvement | 123 | 4 |
| Cash-out Refinancing | 33 | — |
Summary
- 1,445 total applications · 1,083 originated
- Approval rate: 74.9%
- Denial rate: 13.2%
- Avg loan: $174,017
- Avg rate: 7.671%
- HQ: OWENSBORO, KY
- 122 total applications · 109 originated
- Approval rate: 89.3%
- Denial rate: 4.9%
- Avg loan: $159,836
- HQ: MADISONVILLE, KY
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.