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 | Legends Bank | Mid America Bank |
|---|---|---|
| Total Applications | 149 | 360 ▲ |
| Loans Originated | 129 | 277 |
| Approval Rate (higher is better) | 86.6% ✓ | 76.9% |
| Denial Rate (lower is better) | 2.7% ✓ | 5.3% |
| Avg Loan Amount | $198,758 | $288,000 |
| Avg Interest Rate (lower is better) | N/A | 8.188% |
| Applications Denied | 4 | 19 |
| Applications Withdrawn | 12 | 64 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Legends Bank | Mid America Bank |
|---|---|---|
| Conventional | 148 (99.3%) | 356 (98.9%) |
| FHA | — | 1 (0.3%) |
| VA | — | — |
| USDA | 1 (0.7%) | 3 (0.8%) |
Loan Purpose Breakdown
| Purpose | Legends Bank | Mid America Bank |
|---|---|---|
| Home Purchase | 109 | 263 |
| Refinancing | 24 | 67 |
| Home Improvement | 8 | 13 |
| Other | 7 | 11 |
| Cash-out Refinancing | 1 | 6 |
Summary
- 149 total applications · 129 originated
- Approval rate: 86.6%
- Denial rate: 2.7%
- Avg loan: $198,758
- HQ: Linn, MO
- 360 total applications · 277 originated
- Approval rate: 76.9%
- Denial rate: 5.3%
- Avg loan: $288,000
- Avg rate: 8.188%
- HQ: Jefferson City, MO
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.