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 | Notre Dame Federal | 1ST SOURCE BANK |
|---|---|---|
| Total Applications | 1,795 | 2,823 ▲ |
| Loans Originated | 1,224 | 1,911 |
| Approval Rate (higher is better) | 68.2% ✓ | 67.7% |
| Denial Rate (lower is better) | 23.2% | 17.9% ✓ |
| Avg Loan Amount | $140,148 | $169,208 |
| Avg Interest Rate (lower is better) | 7.833% ✓ | 8.077% |
| Avg Applicant Income | $34,000 | $35,000 |
| Applications Denied | 417 | 504 |
| Applications Withdrawn | 95 | 170 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Notre Dame Federal | 1ST SOURCE BANK |
|---|---|---|
| Conventional | 1,715 (95.5%) | 2,789 (98.8%) |
| FHA | 79 (4.4%) | 30 (1.1%) |
| VA | 1 (0.1%) | 4 (0.1%) |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | Notre Dame Federal | 1ST SOURCE BANK |
|---|---|---|
| Home Purchase | 575 | 591 |
| Cash-out Refinancing | 406 | 222 |
| Other | 319 | 715 |
| Home Improvement | 313 | 650 |
| Refinancing | 182 | 645 |
Summary
- 1,795 total applications · 1,224 originated
- Approval rate: 68.2%
- Denial rate: 23.2%
- Avg loan: $140,148
- Avg rate: 7.833%
- HQ: Notre Dame, IN
- 2,823 total applications · 1,911 originated
- Approval rate: 67.7%
- Denial rate: 17.9%
- Avg loan: $169,208
- Avg rate: 8.077%
- HQ: SOUTH BEND, IN
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.