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 Federal Credit | INDEPENDENCE BANK OF |
|---|---|---|
| Total Applications | 6,132 ▲ | 1,445 |
| Loans Originated | 4,679 | 1,083 |
| Approval Rate (higher is better) | 76.3% ✓ | 74.9% |
| Denial Rate (lower is better) | 7.9% ✓ | 13.2% |
| Avg Loan Amount | $229,232 | $174,017 |
| Avg Interest Rate (lower is better) | 7.380% ✓ | 7.671% |
| Avg Applicant Income | $35,000 | $31,000 |
| Applications Denied | 482 | 190 |
| Applications Withdrawn | 758 | 138 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Liberty Federal Credit | INDEPENDENCE BANK OF |
|---|---|---|
| Conventional | 5,269 (85.9%) | 1,439 (99.6%) |
| FHA | 681 (11.1%) | 5 (0.3%) |
| VA | 116 (1.9%) | 1 (0.1%) |
| USDA | 66 (1.1%) | — |
Loan Purpose Breakdown
| Purpose | Liberty Federal Credit | INDEPENDENCE BANK OF |
|---|---|---|
| Home Purchase | 3,405 | 586 |
| Cash-out Refinancing | 1,972 | 33 |
| Home Improvement | 529 | 123 |
| Refinancing | 224 | 313 |
| Other | — | 390 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Kentucky | 1,726 | #9 |
No state data available.
Summary
- 6,132 total applications · 4,679 originated
- Approval rate: 76.3%
- Denial rate: 7.9%
- Avg loan: $229,232
- Avg rate: 7.380%
- HQ: Louisville, KY
- 1,445 total applications · 1,083 originated
- Approval rate: 74.9%
- Denial rate: 13.2%
- Avg loan: $174,017
- Avg rate: 7.671%
- HQ: OWENSBORO, KY
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.