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 | Liberty Bank | FIRST WORLD MORTGAGE |
|---|---|---|
| Total Applications | 3,310 ▲ | 2,369 |
| Loans Originated | 2,468 | 2,032 |
| Approval Rate (higher is better) | 74.6% | 85.8% ✓ |
| Denial Rate (lower is better) | 10.9% | 4.3% ✓ |
| Avg Loan Amount | $296,625 | $187,161 |
| Avg Interest Rate (lower is better) | 6.350% | 4.564% ✓ |
| Avg Applicant Income | $36,000 | $40,000 |
| Applications Denied | 361 | 102 |
| Applications Withdrawn | 204 | 234 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Liberty Bank | FIRST WORLD MORTGAGE |
|---|---|---|
| Conventional | 3,265 (98.6%) | 1,980 (83.6%) |
| FHA | 41 (1.2%) | 372 (15.7%) |
| VA | 4 (0.1%) | 17 (0.7%) |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | Liberty Bank | FIRST WORLD MORTGAGE |
|---|---|---|
| Home Purchase | 1,184 | 2,281 |
| Home Improvement | 939 | — |
| Other | 683 | — |
| Refinancing | 459 | 29 |
| Cash-out Refinancing | 45 | 59 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Connecticut | 2,390 | #5 |
| State | Originated | Rank |
|---|---|---|
| Connecticut | 2,003 | #7 |
Summary
- 3,310 total applications · 2,468 originated
- Approval rate: 74.6%
- Denial rate: 10.9%
- Avg loan: $296,625
- Avg rate: 6.350%
- HQ: Middletown, CT
- 2,369 total applications · 2,032 originated
- Approval rate: 85.8%
- Denial rate: 4.3%
- Avg loan: $187,161
- Avg rate: 4.564%
- HQ: West Hartford, CT
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.