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 | NVR MORTGAGE FINANCE, | State Employees' Credit |
|---|---|---|
| Total Applications | 23,698 | 46,508 ▲ |
| Loans Originated | 17,311 | 28,065 |
| Approval Rate (higher is better) | 73.0% ✓ | 60.3% |
| Denial Rate (lower is better) | 17.1% ✓ | 23.7% |
| Avg Loan Amount | $365,475 | $151,844 |
| Avg Interest Rate (lower is better) | 6.409% ✓ | 6.915% |
| Avg Applicant Income | $40,000 | $36,000 |
| Applications Denied | 4,065 | 11,020 |
| Applications Withdrawn | 2,220 | 5,098 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | NVR MORTGAGE FINANCE, | State Employees' Credit |
|---|---|---|
| Conventional | 12,448 (52.5%) | 46,508 (100.0%) |
| FHA | 8,179 (34.5%) | — |
| VA | 2,948 (12.4%) | — |
| USDA | 123 (0.5%) | — |
Loan Purpose Breakdown
| Purpose | NVR MORTGAGE FINANCE, | State Employees' Credit |
|---|---|---|
| Home Purchase | 23,696 | 13,977 |
| Refinancing | 2 | 7,590 |
| Home Improvement | — | 13,429 |
| Other | — | 8,953 |
| Cash-out Refinancing | — | 2,559 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Virginia | 2,547 | #15 |
| Maryland | 2,198 | #10 |
| Delaware | 1,017 | #3 |
| West Virginia | 280 | #18 |
| State | Originated | Rank |
|---|---|---|
| North Carolina | 27,195 | #1 |
Summary
- 23,698 total applications · 17,311 originated
- Approval rate: 73.0%
- Denial rate: 17.1%
- Avg loan: $365,475
- Avg rate: 6.409%
- HQ: PITTSBURGH, PA
- 46,508 total applications · 28,065 originated
- Approval rate: 60.3%
- Denial rate: 23.7%
- Avg loan: $151,844
- Avg rate: 6.915%
- HQ: Raleigh, NC
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.