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 | NORTHWEST BANK | V.I.P. MORTGAGE, INC. |
|---|---|---|
| Total Applications | 2,448 | 10,272 ▲ |
| Loans Originated | 1,853 | 6,989 |
| Approval Rate (higher is better) | 75.7% ✓ | 68.0% |
| Denial Rate (lower is better) | 5.6% | 2.0% ✓ |
| Avg Loan Amount | $201,932 | $382,362 |
| Avg Interest Rate (lower is better) | 6.777% | 6.612% ✓ |
| Avg Applicant Income | $34,000 | $39,000 |
| Applications Denied | 136 | 207 |
| Applications Withdrawn | 311 | 1,669 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | NORTHWEST BANK | V.I.P. MORTGAGE, INC. |
|---|---|---|
| Conventional | 2,360 (96.4%) | 6,865 (66.8%) |
| FHA | 50 (2.0%) | 2,356 (22.9%) |
| VA | 29 (1.2%) | 965 (9.4%) |
| USDA | 9 (0.4%) | 86 (0.8%) |
Loan Purpose Breakdown
| Purpose | NORTHWEST BANK | V.I.P. MORTGAGE, INC. |
|---|---|---|
| Home Purchase | 1,367 | 8,819 |
| Refinancing | 377 | 862 |
| Home Improvement | 341 | — |
| Other | 237 | — |
| Cash-out Refinancing | 126 | 590 |
Top States by Loan Volume
Summary
- 2,448 total applications · 1,853 originated
- Approval rate: 75.7%
- Denial rate: 5.6%
- Avg loan: $201,932
- Avg rate: 6.777%
- HQ: SPENCER, IA
- 10,272 total applications · 6,989 originated
- Approval rate: 68.0%
- Denial rate: 2.0%
- Avg loan: $382,362
- Avg rate: 6.612%
- HQ: SCOTTSDALE, AZ
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.