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 | PLANET HOME LENDING, |
|---|---|---|
| Total Applications | 3,310 | 65,607 ▲ |
| Loans Originated | 2,468 | 10,396 |
| Approval Rate (higher is better) | 74.6% ✓ | 15.8% |
| Denial Rate (lower is better) | 10.9% | 4.4% ✓ |
| Avg Loan Amount | $296,625 | $293,931 |
| Avg Interest Rate (lower is better) | 6.350% ✓ | 6.532% |
| Avg Applicant Income | $36,000 | $40,000 |
| Applications Denied | 361 | 2,897 |
| Applications Withdrawn | 204 | 525 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Liberty Bank | PLANET HOME LENDING, |
|---|---|---|
| Conventional | 3,265 (98.6%) | 16,319 (24.9%) |
| FHA | 41 (1.2%) | 30,342 (46.2%) |
| VA | 4 (0.1%) | 15,501 (23.6%) |
| USDA | — | 3,445 (5.3%) |
Loan Purpose Breakdown
| Purpose | Liberty Bank | PLANET HOME LENDING, |
|---|---|---|
| Home Purchase | 1,184 | 49,628 |
| Home Improvement | 939 | 138 |
| Other | 683 | 385 |
| Refinancing | 459 | 7,757 |
| Cash-out Refinancing | 45 | 7,699 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Connecticut | 2,390 | #5 |
No state data available.
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
- 65,607 total applications · 10,396 originated
- Approval rate: 15.8%
- Denial rate: 4.4%
- Avg loan: $293,931
- Avg rate: 6.532%
- HQ: MERIDEN, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.