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 | NUSENDA FEDERAL CREDIT | SUNWARD |
|---|---|---|
| Total Applications | 3,080 ▲ | 2,310 |
| Loans Originated | 1,930 | 1,464 |
| Approval Rate (higher is better) | 62.7% | 63.4% ✓ |
| Denial Rate (lower is better) | 15.5% | 8.5% ✓ |
| Avg Loan Amount | $134,438 | $277,403 |
| Avg Interest Rate (lower is better) | 8.444% | 7.020% ✓ |
| Avg Applicant Income | $35,000 | $37,000 |
| Applications Denied | 478 | 197 |
| Applications Withdrawn | 405 | 344 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | NUSENDA FEDERAL CREDIT | SUNWARD |
|---|---|---|
| Conventional | 2,983 (96.9%) | 2,310 (100.0%) |
| FHA | 72 (2.3%) | — |
| VA | 25 (0.8%) | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | NUSENDA FEDERAL CREDIT | SUNWARD |
|---|---|---|
| Other | 932 | 488 |
| Home Improvement | 883 | 472 |
| Refinancing | 631 | 88 |
| Home Purchase | 573 | 954 |
| Cash-out Refinancing | 61 | 308 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| New Mexico | 1,923 | #4 |
| State | Originated | Rank |
|---|---|---|
| New Mexico | 1,199 | #7 |
Summary
- 3,080 total applications · 1,930 originated
- Approval rate: 62.7%
- Denial rate: 15.5%
- Avg loan: $134,438
- Avg rate: 8.444%
- HQ: ALBUQUERQUE, NM
- 2,310 total applications · 1,464 originated
- Approval rate: 63.4%
- Denial rate: 8.5%
- Avg loan: $277,403
- Avg rate: 7.020%
- HQ: ALBUQUERQUE, NM
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.