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 | MIDWEST BANK | CBI Bank & |
|---|---|---|
| Total Applications | 195 | 961 ▲ |
| Loans Originated | 181 | 745 |
| Approval Rate (higher is better) | 92.8% ✓ | 77.5% |
| Denial Rate (lower is better) | 5.1% ✓ | 13.5% |
| Avg Loan Amount | $124,282 | $128,257 |
| Avg Interest Rate (lower is better) | N/A | 7.543% |
| Avg Applicant Income | N/A | $33,000 |
| Applications Denied | 10 | 130 |
| Applications Withdrawn | 0 | 82 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | MIDWEST BANK | CBI Bank & |
|---|---|---|
| Conventional | 195 (100.0%) | 958 (99.7%) |
| FHA | — | 1 (0.1%) |
| VA | — | 1 (0.1%) |
| USDA | — | 1 (0.1%) |
Loan Purpose Breakdown
| Purpose | MIDWEST BANK | CBI Bank & |
|---|---|---|
| Home Purchase | 104 | 417 |
| Cash-out Refinancing | 47 | 21 |
| Refinancing | 33 | 233 |
| Home Improvement | 11 | 182 |
| Other | — | 106 |
Summary
- 195 total applications · 181 originated
- Approval rate: 92.8%
- Denial rate: 5.1%
- Avg loan: $124,282
- HQ: MONMOUTH, IL
- 961 total applications · 745 originated
- Approval rate: 77.5%
- Denial rate: 13.5%
- Avg loan: $128,257
- Avg rate: 7.543%
- HQ: Muscatine, IA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.