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 | NFM, INC | BANK OF COLORADO |
|---|---|---|
| Total Applications | 22,075 ▲ | 1,931 |
| Loans Originated | 17,246 | 1,302 |
| Approval Rate (higher is better) | 78.1% ✓ | 67.4% |
| Denial Rate (lower is better) | 1.9% ✓ | 12.3% |
| Avg Loan Amount | $378,680 | $388,004 |
| Avg Interest Rate (lower is better) | 6.678% ✓ | 7.504% |
| Avg Applicant Income | $40,000 | $35,000 |
| Applications Denied | 415 | 238 |
| Applications Withdrawn | 3,872 | 351 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | NFM, INC | BANK OF COLORADO |
|---|---|---|
| Conventional | 14,248 (64.5%) | 1,788 (92.6%) |
| FHA | 5,576 (25.3%) | 124 (6.4%) |
| VA | 2,184 (9.9%) | 14 (0.7%) |
| USDA | 67 (0.3%) | 5 (0.3%) |
Loan Purpose Breakdown
| Purpose | NFM, INC | BANK OF COLORADO |
|---|---|---|
| Home Purchase | 19,940 | 1,009 |
| Refinancing | 1,120 | 270 |
| Cash-out Refinancing | 1,015 | 56 |
| Home Improvement | — | 370 |
| Other | — | 226 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Ohio | 2,610 | #19 |
| Maryland | 2,005 | #11 |
| Rhode Island | 570 | #9 |
No state data available.
Summary
- 22,075 total applications · 17,246 originated
- Approval rate: 78.1%
- Denial rate: 1.9%
- Avg loan: $378,680
- Avg rate: 6.678%
- HQ: LINTHICUM, MD
- 1,931 total applications · 1,302 originated
- Approval rate: 67.4%
- Denial rate: 12.3%
- Avg loan: $388,004
- Avg rate: 7.504%
- HQ: FORT COLLINS, CO
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.