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 | Laona State Bank | FAIRWAY INDEPENDENT MORT |
|---|---|---|
| Total Applications | 151 | 102,501 ▲ |
| Loans Originated | 118 | 74,401 |
| Approval Rate (higher is better) | 78.1% ✓ | 72.6% |
| Denial Rate (lower is better) | 8.0% | 4.7% ✓ |
| Avg Loan Amount | $143,874 | $318,005 |
| Avg Interest Rate (lower is better) | N/A | 6.747% |
| Avg Applicant Income | N/A | $39,000 |
| Applications Denied | 12 | 4,794 |
| Applications Withdrawn | 6 | 19,475 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Laona State Bank | FAIRWAY INDEPENDENT MORT |
|---|---|---|
| Conventional | 151 (100.0%) | 70,174 (68.5%) |
| FHA | — | 23,184 (22.6%) |
| VA | — | 8,115 (7.9%) |
| USDA | — | 1,028 (1.0%) |
Loan Purpose Breakdown
| Purpose | Laona State Bank | FAIRWAY INDEPENDENT MORT |
|---|---|---|
| Home Purchase | 80 | 90,080 |
| Refinancing | 37 | 5,150 |
| Other | 21 | 1,832 |
| Home Improvement | 13 | 559 |
| Cash-out Refinancing | — | 4,874 |
Top States by Loan Volume
Summary
- 151 total applications · 118 originated
- Approval rate: 78.1%
- Denial rate: 8.0%
- Avg loan: $143,874
- HQ: Laona, WI
- 102,501 total applications · 74,401 originated
- Approval rate: 72.6%
- Denial rate: 4.7%
- Avg loan: $318,005
- Avg rate: 6.747%
- HQ: MADISON, WI
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.