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 | IOWA BANKERS MORTGAGE | Availa Bank |
|---|---|---|
| Total Applications | 5,751 ▲ | 268 |
| Loans Originated | 2,402 | 235 |
| Approval Rate (higher is better) | 41.8% | 87.7% ✓ |
| Denial Rate (lower is better) | 7.6% | 3.7% ✓ |
| Avg Loan Amount | $240,479 | $301,418 |
| Avg Interest Rate (lower is better) | 6.426% | N/A |
| Avg Applicant Income | $34,000 | N/A |
| Applications Denied | 437 | 10 |
| Applications Withdrawn | 201 | 15 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | IOWA BANKERS MORTGAGE | Availa Bank |
|---|---|---|
| Conventional | 5,315 (92.4%) | 268 (100.0%) |
| FHA | 104 (1.8%) | — |
| VA | 79 (1.4%) | — |
| USDA | 253 (4.4%) | — |
Loan Purpose Breakdown
| Purpose | IOWA BANKERS MORTGAGE | Availa Bank |
|---|---|---|
| Home Purchase | 4,976 | 138 |
| Refinancing | 425 | 104 |
| Cash-out Refinancing | 249 | — |
| Other | 74 | 13 |
| Home Improvement | 27 | 13 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Iowa | 2,092 | #4 |
No state data available.
Summary
- 5,751 total applications · 2,402 originated
- Approval rate: 41.8%
- Denial rate: 7.6%
- Avg loan: $240,479
- Avg rate: 6.426%
- HQ: JOHNSTON, IA
- 268 total applications · 235 originated
- Approval rate: 87.7%
- Denial rate: 3.7%
- Avg loan: $301,418
- HQ: Carroll, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.